Texas-based investment firm on Monday has acquired Canada’s DH Corp in a deal worth in total of 4.8 billion. On the Toronto Stock Exchange, shares of DH were up 8.9 percent at $25.50 in cash per share.
Vista wants to combine DH with one of its portfolio companies, a U.K.-based software company called Misys, focused on the global banking industry after the deal closes. Earlier in its history, DH primarily printed 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.
The deal follows DH’s in December to assess expressions of interest to buy the company, it said. Shares in the company closed at $23.04 on the Toronto Stock Exchange on Friday.