![]() ![]() “It is shocking to see that the Board continues to endorse Vista’s bid, which confirms their clear conflict of interest that we have been highlighting since day one,” said Rasteh.Ĭoast Capital is a New York-based fundamental investor that takes a Private Equity approach to deeply undervalued European-listed Equities. Coast Capital send a letter to Blue Prism's board after the deal with Vista Equity Partners was announced at the end of September. “This is a visionary move and is indicative of a visionary management team.”Ĭoast believes SS&C is an incomparably more suitable partner for key stakeholders of Blue Prism than Vista or Tibco, whose questionable dealings and relationship with the CEO of Blue Prism (and at least one compromised board member) prevent investors from considering the Vista offer and process as suitable. lue Prism, the software firm that helped the NHS order PPE during the pandemic, is set to be sold for £1.1 billion in the latest takeover of a UK tech company by a foreign buyer. A Warrington-headquartered software developer has defended its proposed near 1.1bn takeover by a US private equity firm after one of its shareholders encouraged others to vote against it. Earlier this month SS&C said it was considering a 1200p-a-share. ![]() “We believe that the bid by SS&C for Blue Prism will, if successful, help transform SS&C into the clear tech leader (and therefore services leader) in the fund admin space,” said James Rasteh, Founding Partner at Coast Capital Management. Vista initially offered £1.1 billion in late September but sweetened its proposal after SS&C reveled it was circling Blue Prism. Blue Prism is a leader in the field of robotic process automation, and Blue Prism’s leading capabilities provide a great opportunity to expand the Tibco platform with intelligent automation, Tibco CEO Dan Streetman said. NEW YORK-( BUSINESS WIRE)-Coast Capital Management, a shareholder of Blue Prism, announces its support for US-based SS&C’s $1.56 billion bid to acquire UK-based Blue Prism. Vista acquired Tibco in the year 2014 for approximately 4.3 billion dollars. (Bloomberg) - Private equity firm Vista Equity Partners is to acquire automation software developer Blue Prism Group Plc for about 1.1 billion pounds (1.5 billion), in yet another takeover of a. ![]()
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