Simpson Thacher & Bartlett and Kirkland & Ellis are retained as legal advisers to Vista and Bidco. said it had agreed to acquire Blue Prism Group Plc in a deal that values the company at about 1.2 billion pounds (1.6 billion). Blue Prism recommended Vista’s bid of 1,125 pence. Blue Prism said there can be no certainty that any offer. Hawk Ridge, based in Los Angeles, owns about 3.5 of Blue Prism shares making it the 10th largest shareholder, data compiled by Bloomberg show. Blue Prism shares at 1406 GMT on Tuesday were up 36 at 1,129 pence, valuing the company at around 1.09 billion. The sale continues an ongoing consolidation trend in the RPA space. UK automation-software company Blue Prism Group is in discussions with US private-equity firms TPG Capital and Vista Equity Partners over potential offers for the company. ![]() (Credit: Michal Jarmoluk from Pixabay) Blue Prism Group has accepted a final takeover offer worth 1.22bn from Bali Bidco, a company which is indirectly owned by Vista Equity Partners’ Vista Funds. The latest offer from Vista is described as "final", but does allow the possibility of an increase should a firm offer or possible offer be made by SS&C, a provider of investment and financial services and software for the financial services and healthcare industries.īlue Prism's directors recommend unanimously that shareholders vote in favour of the latest Vista offer at a meeting scheduled for 9 December.Ĭatalyst Partners is acting as lead financial adviser to Blue Prism.īofA Securities and Investec Bank are acting as joint financial adviser and corporate broker to Blue Prism.ĬMS Cameron McKenna Nabarro Olswang is retained as legal adviser to Blue Prism. SS&C to Buy Blue Prism for 1.6 Billion, Outbidding Vista Nate Lanxon, Bloomberg News (Bloomberg) - SS&C Technologies Holdings Inc. Vista Equity Acquires Blue Prism for 1.5 Billion By RPA Staff SeptemOne of the two firms that had been rumored to be in talks with Blue Prism has agreed to acquire the London-based RPA technology provider for 1.5 billion (1.1 billion), according to a Reuters report. Vista Funds to acquire robotic process automation software provider Blue Prism. Since that offer was recommended, Blue Prism revealed it had attracted the attention of another suitor, US-headquartered SS&C Technologies Holdings, regarding a possible cash offer of 1,200 pence per Blue Prism share. The offer of 1,250 pence per share is from funds related to Vista Equity Partners which had an earlier bid worth about £1.1bn, or 1,125 pence per share, recommended by the Blue Prism board in September. by Joe Panettieri Private equity firm Vista Equity Partners is acquiring robotic process automation (RPA) software company Blue Prism Group for 1.5 billion, and plans to merge Blue Prism into Tibco Software. Blue Prism : Vista Funds Submits 1.6 Billion Cash Offer For Blue Prism MarketScreener Homepage Equities United Kingdom London Stock Exchange Blue Prism Group News Summary PRSM GB00BYQ0HV16 BLUE PRISM GROUP (PRSM) Add to my list Summary Quotes Charts News Ratings Company Funds Summary Analyst Reco. Its product portfolio includes Automation Platform, Process Intelligence, Blue Prism Cloud Platform, Process Assessment, Automation Lifecycle Management (ALM), Robotic Operating Model (ROM), Decipher IDP, Service Assist, ERP Accelerator, Digital Exchange and Decision.An increased takeover offer of about £1.22bn has been recommended to shareholders of Blue Prism, the Warrington-based robotics software specialist. ![]() Its automation platform connects both the human and digital workforce with systems, cognitive tools, applications and technologies, including artificial intelligence (AI), machine learning, optical character recognition (OCR) and the Blue Prism Digital Exchange. British software automation company Blue Prism Group agreed on Tuesday to a 1.1 billion pound (1. ![]() ![]() RPA software emulates human actions, particularly repetitive tasks and is used in many industries. Its segment is engaged in the licensing of robotic process automation (RPA) software used to automate routine, rules-based back-office processes. Vista, announcing the agreed deal in a joint statement with Blue Prism, said it views the acquisition as an exciting and transformational moment for the growth of enterprise-grade Intelligent Automation and Robotic Process Automation (RPA). The Company combines enterprise-grade intelligent automation with an ecosystem of distribution and technology partnerships to help its customers scale their digital workforces. Shareholder Coast Capital believes Blue Prism is. Blue Prism Group plc is a United Kingdom-based company that provides intelligent automation solutions for enterprises to transform their work. Blue Prism shares surged on Wednesday after it confirmed that it had entered discussions with TPG Capital and Vista Equity Partners.
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