Allen & Overy is advising Misys plc, the FTSE250 IT company, on the terms of the takeover bid announced by Vista Equity Partners. The offer made by Vista is 350p per share which values Misys at GBP1.27 billion.

 

Vista is financing its offer through a mixture of debt and equity funding. Vista has secured irrevocable undertakings from two of the largest shareholders and from the directors of the company which represent 21.9% of the issued share capital of Misys. The acquisition is being implemented as a scheme of arrangement. 

The Allen & Overy team is being led by corporate partner George Knighton, assisted by associates Lee Noyek and William Samengo-Turner.