Deals
Nordic Capital Pursues Temenos as Other Suitors Drop
- EQT, Thoma Bravo and Permira have dropped from race: sources
- Sale of Temenos has failed previously over price disagreements
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Nordic Capital is one of the last suitors for Temenos AG after rival buyout firms dropped from the latest attempt to sell the Swiss banking software maker, people with knowledge of the matter said.
The Swedish private equity firm is holding talks with Temenos and lining up financing as it pursues a potential deal as early as this month, said the people, who asked not to be identified discussing confidential information. Nordic Capital could seek co-investors for the deal, given Temenos’s market value of 6 billion francs ($6.7 billion).