Wooing it’s over in financial services: Fidessa has said yes to ION

Corporate Finance

Wooing it’s over in financial services: Fidessa has said yes to ION

Fidessa Group plc (LON:FDSA) – market cap as of 04/04/2018: £1.57bn Introduction On April 20, the board of the UK software company Fidessa has agreed to a £1.5bn all-cash takeover offer from ION, an Ireland-based financial technology company backed by The Carlyle Group. The announcement comes after Fidessa had agreed to be Read more…

By BSIC, 6 years ago

Corporate Finance

When a sweet deal doesn’t sound sweet enough: Temenos to acquire Fidessa for £1.4bn in cash

Temenos Group (SWX:TEMN) – market cap as of 23/02/2018: CHF7.60bn Fidessa Group (LON:FDSA) – market cap as of 23/02/2018: GBP1.47bn Introduction On February 21st, 2018, the boards of both Temenos and Fidessa have reached an agreement for the takeover of the former over the latter for £1.4 billion. The two Read more…

By BSIC, 6 years6 years ago