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Bloomberg
Vista Equity Partners LLC agreed to buy DH Corp. in a deal that values the Canadian financial services provider at about C$2.73 billion ($2.03 billion), aiming to create a financial technology powerhouse by combining it with Misys Ltd.
Vista will pay C$25.50 a share in cash, according to a statement on Monday. Including debt, the transaction for the Toronto-based company is valued at C$4.8 billion. DH Corp., founded in 1875 as Davis + Henderson, has been attempting to transform itself into a financial technology firm from a traditional check-printing company in recent years as demand for paper checks declined. It completed a series of acquisitions to that end, including a $1.25 billion purchase of payment-technology provider Fundtech Ltd. in 2015.