PE Firms CVC, ValueAct In Talks For Software Co. Misys

Law360, New York (March 5, 2012, 7:24 PM EST) -- London-based private equity firm CVC Capital Partners Ltd. is in talks with ValueAct Capital to buy out banking software maker Misys PLC, the firms announced Monday.

The partnership is not guaranteed to result in a transaction, but CVC funds and ValueAct Capital Master Fund LP have agreed to work together, with the goal being to make a recommended joint cash offer for Misys, CVC said in a statement.

Under London city merger law, CVC and Value Act now have until 5 p.m. on Monday, April 2...
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