Ukbased blue prism vista equity partners12/6/2023 ![]() Under the agreement, shareholders would receive £12.75 in cash for each share, with the acquisition set to be completed in the first quarter of 2022.Ī Blue Prism shareholders meeting set for today has been delayed. In a filing to the United States Security and Exchange Commission, it confirmed that an agreement had been reached “for the entire issued and to be issued ordinary share capital” of Blue Prism. British software automation company Blue Prism Group agreed on Tuesday to a 1.1 billion pound (1.50 billion) takeover offer from American private equity firm Vista Equity Partners. Based in Connecticut, it employs more than 24k staff across 40 countries. SS&C Technologies is the world’s largest hedge fund and private equity administrator. That happened earlier this month, with Vista given 4 days to respond, and that deadline has now passed. ![]() However, the caveat on that offer was that it could come back with an increased one, should SS&C Technologies outbid it. One of the pioneers in the market, Blue Prism, was sold to Vista Equity Partners for 1.5 billion (£1.095 billion) according to a filing in Great Britain. to win the race with its higher 1.24 billion offer. Vista issued its “increased and final” offer at the end of November, which the Blue Prism board had recommended to its shareholders. Over the last year, the robotic process automation market has been more active than ever. CNBC UK software company Blue Prism agrees 1.5 billion sale to private equity firm Vista. On December 14, 2021, Vista Equity Partners confirmed that its 1.2 billion (1.33 billion) offer for British enterprise software maker Blue Prism plc had lapsed, leaving Windsor, Conn.-based financial software company SS&C Technologies Holdings Inc. private equity firm Vista Equity is to buy British software firm Blue Prism (PRSMB.L) for 1.1 billion. It comes after its rival bidder, SS&C Technologies increased its offer to £1.243bn. Deal is latest private equity takeover of a UK company. US private investment firm, Vista Equity Partners, has pulled out of a bidding war for Warrington-based Blue Prism.
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