M&A Deal Summary

Finastra Acquires D+H

On March 13, 2017, Finastra acquired information technology company D+H for 4.8B CAD

Acquisition Highlights
  • This is Finastra’s 1st transaction in the Information Technology sector.
  • This is Finastra’s largest (disclosed) transaction.
  • This is Finastra’s 1st transaction in Canada.
  • This is Finastra’s 1st transaction in Ontario.

M&A Deal Summary
Date 2017-03-13
Target D+H
Sector Information Technology
Buyer(s) Finastra
Deal Type Merger
Deal Value 4.8B CAD
Advisor(s) Credit Suisse Investment Banking
RBC Capital Markets (Financial)
Stikeman Elliott LLP
Cravath, Swaine & Moore (Legal)

Target

D+H

Toronto, Ontario, Canada
website
DH Corp. is a financial technology provider that the world's financial institutions rely on every day to help them grow and succeed. Company global payments, lending and financial solutions are trusted by nearly 8,000 banks, specialty lenders, community banks, credit unions, governments and corporations. Headquartered in Toronto, Canada.

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Buyer(S) 1

Buyer

Finastra

London, United Kingdom

website

Category Company
Sector Software
DESCRIPTION

Finastra is a financial services technology company providing a broad portfolio of banking, capital markets, investment management and risk solutions to the financial services industry. The Company’s corporate banking, retail banking, investment management, managed services, and treasury and capital markets solutions enable customers in financial services to deploy mission-critical technology that allow them to improve operations and mitigate risks. Finastra serves more than 9,000 customers in 130 countries, including 48 of the top 50 banks globally. Finastra was formed in 2017 and is based in London, England.

DEAL STATS #
Overall 5 of 7
Sector (Information Technology) 1 of 1
Type (Merger) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-04 Custom Credit Systems

Richardson, Texas, United States

CCS provides proprietary workflow process software as well as system development, integration and customization service to large commercial banks including Bank of America, Wells Fargo and Fifth Third. Each system is customized and designed to acquire data from existing databases and pass data to all ancillary systems while incorporating workflow and unique practices or processes per the client's business needs.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-30 Olfa Soft SA

Geneva, Switzerland

Olfa Soft SA is a provider of IT solution engineering and implementation solutions. Olfa Soft SA was established in 2011 and is based in Geneva, Switzerland.

Buy -
Mergr

Product

Company

Legal