Singapore state-owned fund Temasek Holdings is among the potential acquirers of UK-based banking supplier software firm Misys, which is being sold by its current owner Vista Equity Partners, a report said.
Sky News city editor Mark Kleinman, in a February 5 report, said that Tamasek, along with a number of Canadian pension funds and buyout firms, were in the race to buy the Misys that counts 47 of the world’s biggest lenders among its customer base.
The report further said that it was ‘unclear whether the Singaporean fund was likely to pursue a deal on its own or with investment partners’.
Any deal for Misys will be worth well over a billion dollars.
The Sky News report said that Temasek had declined to comment.
Late last year, private equity firm Vista Equity Partners, had sounded out bankers for either the sale of Misys or to list the company. The PE firm acquired Misys in 2012 for £1.27 billion after merger talks between banking software supplier and Swiss rival Temenos had collapsed. Since then, Misys has made several acquisitions including Custom Credit Solutions, a US-based provider of commercial loan origination and loan workflow management software, the report further said, while adding that the PE firm had also combined Misys with Turaz, a former division of Thomson Reuters that provides software for managing treasury and capital markets transactions.