Allen & Overy Reps Misys In $379M Sophis Deal

Law360, New York (November 12, 2010, 3:59 PM EST) -- U.K. financial services software and solutions provider Misys PLC on Friday announced a deal to acquire Dublin-based capital markets software vendor Sophis for approximately ₤235 million ($379 million), aiming to become the top application software and services provider in the industry.

The deal values Sophis — whose principal shareholder is private equity firm Advent International Corp. — at approximately ₤375 million ($605 million), including net debt of ₤140 million ($226 million). The company may also receive an additional ₤4 million ($6.45 million) payment when the transaction...
To view the full article, register now.