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...Banks led by Bank of America, Credit Suisse and Goldman Sachs have been struggling to offload debt from their balance sheets after agreeing to arrange financing for Vista Equity Partners’ and Elliott Management...
...Goldman Sachs, Bank of America, Credit Suisse and 30 other lenders on Tuesday sold $3.84bn of junior bonds backing Elliott Management and Vista Equity Partners’ $16.5bn buyout of Citrix....
...More than a dozen banks were forced to put up their own cash to fund Vista Equity Partners and Elliott Management’s takeover of Citrix after investors balked at financing the debt package....
...Interest was so scant that one of the investors to buy $1bn worth of the bonds was Elliott Management — which along with Vista Equity Partners is also one of the two private investment groups buying out...
...On a call last Thursday, executives at Citrix acquirers Vista Equity Partners and Elliott Management explained that soon after their transaction closes, the company would need to draw from a revolving credit...
...The banks are expected to generate significant losses after agreeing to finance the takeover of Citrix by Vista Equity Partners and Elliott Management....
...The buyers plan to combine Citrix with Tibco Software, one of Vista’s portfolio companies....
...Citrix will be sold to Elliott Management and Vista Equity for $104 a share, the company said on Monday, and is set to be merged with Tibco Software, one of Vista’s portfolio companies which helps integrate...
...The US tech group’s cash offer values the target at just over £1.2bn, a hair above the price that rival Vista Equity Partners put on the table. Shares traded above the level of the latest bid....
...In January, Elliott and software buyout firm Vista Equity Partners led the $16.5bn takeover of Citrix, which had been a longtime holding of the firm’s activist hedge fund....
...Apollo is also working with bankers to provide a slug of the debt for the $16.5bn takeover of Citrix Systems by Vista Equity Partners and Evergreen Coast Capital, according to people familiar with the deal...
...Blue Prism has agreed a £1.1bn takeover by private equity group Vista Equity Partners, ending a turbulent five years as a public company for the two-decade-old British software group....
...SS&C Technologies, a US provider of financial services software, has proposed a £1.2bn offer for British robotics software maker Blue Prism, as a bidding war with US private equity group Vista Equity Partners...
...The company’s unusual approach to defining financial assets has attracted $109mn from a diverse group of investors including Wheelhouse 360 Partners, which does not traditionally invest in fintechs....
...Let us know what you think at imani.moise@ft.com and sid.v@ft.com. A programming note: FintechFT will take a one-week break in observance of the Easter holiday. The next issue will be April 25....
...Write to the FintechFT team at imani.moise@ft.com and sid.v@ft.com. You can build it, but will they come?...
...Write to the FintechFT team at imani.moise@ft.com and sid.v@ft.com....
...In 2019, DAZN Group sold its Perform division to US fund Vista Equity Partners....
...Equity Partners and Silver Lake....
...Among the executives who signed the letter were Mellody Hobson, the new Starbucks chair; her fellow Ariel Investments executive John Rogers; and Robert F Smith, founder of Vista Equity Partners....
...‘Perfect scenario’ Those look like V-shaped projections, Andrew Glenn thought to himself....
...Apollo saw investors stepping back over its founder Leon Black’s links to the late paedophile Jeffrey Epstein, while Robert Smith, the founder of Vista Equity Partners, admitted to hiding $200m from the...
...One of them, Dyal, has in the past decade become the partner of choice for big-name private equity groups looking to sell stakes in their business; it has snapped up pieces of Silver Lake and Vista, at huge...
...Smart reads Missing Link Many of you wanted to read the piece we discussed last week on Vista Equity’s Robert Smith and how he avoided criminal charges for years of tax evasion....
...Job moves Brian Sheth, who co-founded Vista Equity Partners alongside Robert Smith, is leaving the software buyout group....
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