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Canadian fintech DH Corp to be taken private in $3.6bn deal

Staff Writer |
U.S. investment firm Vista Equity Partners said it will buy Canada's DH Corp. in a deal valued at C$4.8 billion ($3.6 billion).

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Vista will combine DH with one of its portfolio companies, UK-based financial software firm Misys, which scrapped a planned London listing last year.

Vista's acquisition of DH is the largest takeover of a Canadian company by a foreign firm since December 2014, when Spain's Repsol agreed to buy oil producer Talisman Energy.

Vista offered C$25.50 in cash for each DH Corp share, an 11 percent premium to the stock's Friday close.

Formerly Davis + Henderson Corp, DH has transformed itself from a cheque printing company into a provider of payment and lending services.

DH has close to 8,000 customers, including Canada's five biggest lenders and more than half of the world's 50 largest banks.

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