Misys is competing against Advent International to buy DH Corp, the Financial Times is reporting.
DH Corp, the Canadian financial-technology company, went up for sale in late 2016.
Credit Suisse and RBC Capital Markets are advising on the auction, Buyouts has reported. DH Corp, which has a market value of about $2.5 billion, is expecting bids sometime this week, the Financial Times said.
Update: In January, Reuters reported Canada Pension Plan Investment Board and several U.S. private equity firms were also interested in acquiring DH Corp. TPG, Cerberus Capital Management and Thoma Bravo were said to be among those looking at the opportunity.
Photo courtesy of DH Corp