Potential Misys sale moves to next stage

clock

Misys is moving to the next stage of a potential takeover after receiving several offers for the financial services company.

A stock market issued this afternoon confirms Misys has been in talks with several parties about a potential takeover or management buyout of “the whole of the Company as well as for parts”, and is now moving to due diligence. Earlier media reports (see papers round-up Monday 17th July: Potential battle in Misys takeover) had suggested Misys, the parent group behind financial intermediary support service Sesame, had received bids for a “management buy-in” as well as a management buyout by chief executive Kevin Lomax and his team, with the backing of private equity giant Permina. Officials...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

March 2024: Month in review with deputy editor Jenna Brown

March 2024: Month in review with deputy editor Jenna Brown

Take a look at some of the news and feature highlights of the last month

Jenna Brown
clock 28 March 2024 • 5 min read
Wren Sterling adds £265m in client assets in latest deal

Wren Sterling adds £265m in client assets in latest deal

First advisory firm purchase of 2024 for national financial planner

Jenna Brown
clock 28 March 2024 • 1 min read
Consumer Duty Alliance looks to attract advice industry talent

Consumer Duty Alliance looks to attract advice industry talent

New Talent Alliance will be chaired by M&G Wealth Advice MD Tom Hegarty

Isabel Baxter
clock 27 March 2024 • 2 min read