Carlyle Selling Shares in SS&C Technologies

The Carlyle Group is selling 7 million shares in SS&C Technologies Holdings Inc., the U.S. financial software provider said. Investment funds affiliated with Carlyle held a 36.5% stake in SS&C Technologies, according to an April 23 regulatory filing.

(Reuters) – The Carlyle Group is selling 7 million shares in SS&C Technologies Holdings Inc (SSNC.O), the U.S. financial software provider said.

 

Investment funds affiliated with Carlyle held a 36.5 percent stake in SS&C Technologies, according to an April 23 regulatory filing.

 

Upon completion of the offering, which is expected to close on July 23, Carlyle will own an about 27.37 percent stake in SS&C Technologies.

 

Citigroup is acting as the sole underwriter for the offering.

 

Shares of SS&C Technologies were down 5 percent at $24.69 after the bell. They closed at $25.95 on Tuesday on the Nasdaq.

 

(Reporting by Chandni Doulatramani in Bangalore; Editing by Roshni Menon)