SS&C Technologies Holdings’ £1.24 Billion Recommended Cash Offer For Blue Prism Group

CMS advised Blue Prism Group on the deal, while Davis Polk advised SS&C Technologies. Shearman & Sterling advised RBC Capital Markets as Lead Arranger.

Blue Prism Group (Blue Prism), the AIM listed robotic process automation software company, received a recommended cash offer made by US fintech company SS&C Technologies Holdings (SS&C Technologies). The proposed deal values Blue Prism’s entire issued and to be issued ordinary share capital at approximately £1.24bn.

SS&C Technologies’ offer is higher than the offer previously made by US private equity firm Vista Equity Partners (Vista). Following SS&C Technologies’ bid, Blue Prism’s directors withdrew their recommendation of Vista’s offer. CMS is also advising Blue Prism on Vista’s offer.

Blue Prism is a global leader in intelligent automation, helping enterprise organisations accelerate operational efficiency and agility. Blue Prism’s customers include automaker Daimler, e-commerce firm eBay and Britain’s National Health Service.

The CMS team was led by Simon Morgan (Picture) and Charles Howarth, and includes Kate Badr, Hannah Brash, Kieran O’ Brien, Jessica Tang and Josh Colby (Corporate Transactions); Brian Sher and Ruth Derruau (Anti-trust); and Andrew Quayle and Cathy Wears (Share Schemes).

The Davis Polk corporate team included partners Will Pearce and Leonard Kreynin and associates James Ufland and Charlie Burrell. The finance team included partners Nick Benham and Scott M. Herrig and counsel Aaron Ferner and Sanders Witkow. Partner Jonathan Cooklin provided tax advice. Counsel Matthew Yeowart provided antitrust and competition advice. 

The Shearman & Sterling team included Maura O’Sullivan, Tomasz Kulawik, Gary Hamp, Nick Withers, Frank Oliver, Chantelle Dovey, Tom Capper and Tochie Israel-Bolarinwa.

Involved fees earner: Hannah Brash – CMS Cameron McKenna Nabarro Olswang LLP; Ruth Derruau – CMS Cameron McKenna Nabarro Olswang LLP; Charles Howarth – CMS Cameron McKenna Nabarro Olswang LLP; Simon Morgan – CMS Cameron McKenna Nabarro Olswang LLP; Kieran O’Brien – CMS Cameron McKenna Nabarro Olswang LLP; Andrew Quayle – CMS Cameron McKenna Nabarro Olswang LLP; Brian Sher – CMS Cameron McKenna Nabarro Olswang LLP; Cathy Wears – CMS Cameron McKenna Nabarro Olswang LLP; Nicholas Benham – Davis Polk & Wardwell; Charlie Burrell – Davis Polk & Wardwell; Jonathan Cooklin – Davis Polk & Wardwell; Aaron Ferner – Davis Polk & Wardwell; Scott Herrig – Davis Polk & Wardwell; Leonard Kreynin – Davis Polk & Wardwell; Will Pearce – Davis Polk & Wardwell; James Ufland – Davis Polk & Wardwell; Sanders Witkow – Davis Polk & Wardwell; Matthew Yeowart – Davis Polk & Wardwell; Tom Capper – Shearman & Sterling; Chantelle Dovey – Shearman & Sterling; Gary Hamp – Shearman & Sterling; Tomasz Kulawik – Shearman & Sterling; Frank Oliver – Shearman & Sterling; Maura O’Sullivan – Shearman & Sterling; Nick Withers – Shearman & Sterling;

Law Firms: CMS Cameron McKenna Nabarro Olswang LLP; Davis Polk & Wardwell; Shearman & Sterling;

Clients: Blue Prism Limited; RBC Capital Markets; SS&C Technologies Holdings, Inc. ;

Giulia Di Palma

Author: Giulia Di Palma