Temasek eyes Misys software deal: Report

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.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.