Deals
Blue Prism Investor Coast Open to Takeover of Software Firm
- Blue Prism earlier said it was in talks with TPG and Vista
- Investment firm owns just under 3% of Blue Prism shares
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Activist investor Coast Capital has changed tack and is prepared to back a possible private equity takeover of U.K. automation software maker Blue Prism Group Plc.
The investment firm’s founder James Rasteh, who had called for Blue Prism to seek an alternative to a potential acquisition by TPG or Vista Equity Partners, said the company’s management had now earned his trust.