IFLR1000

Temenos £1.4 billion acquisition of Fidessa Group

21/2/2018
Public acquisition, Scheme of arrangement
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£ 1.4 billion

$ 1.957 billion

Announced

21/2/2018

Overview:

  • Temenos Group has acquired Fidessa Group for £1.4 billion.
  • Fidessa is a UK based provider of capital markets software to financial institutions.
  • Temenos is a Swiss banking software provider.

Sam Duke

Jurisdiction:

United Kingdom

Deal types:

Public acquisition
Scheme of arrangement

Practice area:

M&A

Industry sector:

Technology and telecommunications

Firms:
Cleary Gottlieb Steen & Hamilton

Party: Fidessa Group (Target)

Davis Polk & Wardwell

Party: Temenos Group (Acquirer)

Lawyers: Dan Hirschovits, Will Pearce

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