Thoma Bravo, the tech-focused private equity firm, has approached banking software specialist Temenos AG about a potential takeover, people with knowledge of the matter said.
The buyout firm has held initial discussions with Geneva-based Temenos to express its interest in a deal, the people said, asking not to be identified because the information is private. Shares of Temenos have fallen 34% this year, giving the Swiss company a market value of about 6.2 billion francs ($6.4 billion).
Bloomberg News first reported in October that Temenos was attracting interest from Thoma Bravo as well as EQT. Deliberations are ongoing, and there’s no certainty Thoma Bravo and Temenos will be able to agree on terms of a transaction, the people said.
Read more: BNN Bloomberg
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