Canadian Manufacturing

D+H to be acquired by Texas-based Vista Equity in $4.8B deal

The financial services provider D+H got its start printing cheques for the big banks, but evolved to provide a number of business services


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TORONTO—DH Corp. has signed a deal to be acquired by a Texas-based investment firm under a friendly takeover offer worth more than $2.7 billion to the Toronto-based company’s shareholders.

Under the plan announced this morning, Austin-based Vista Equity Partners has offered $25.50 in cash per DH share. It would also assume DH’s debt, pushing the total value of the deal to $4.8 billion.

After the deal closes, Vista wants to merge DH with Misys, a U.K.-based software company focused on the global banking industry.

DH got its start in business primarily printing cheques for all of Canada’s major banks under the name Davis + Henderson, but has since evolved into a more diverse company focused on the financial services industry.

DH said in December that it had received expressions of interest from unidentified parties.

Shares in the company closed at $23.04 on the Toronto Stock Exchange on Friday.


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