Mon, 11 Apr 2011 | BUSINESS SALE
The Dubai-based owners of SmartStream, the successful providers of specialist software for the financial services industry, are hoping to double their money by selling off the London-based company.
Dubai International Financial Centre (DIFC) - which owns the emirate's stock exchange - paid just over £200 million for the company when they bought it in 2007. They have now appointed Swiss investment bank, UBS, to auction off SmartStream, with a realistic selling price of £500 million.
The company is a leading provider of share trading software to 75 of the world's 100 biggest banks. SmartStream systems are designed to deliver new levels of enterprise-wide automation and control to the transaction lifecycle. The software has also been adopted by lead hedge funds and asset and money managers across the globe.
Among the ten companies that UBS has said have already expressed interest in buying the company is British technology company, Misys, which already has a partnership agreement with SmartStream. Private equity company, Permira, is also said to have shown interest.
This is the second time that DIFC has attempted to sell SmartStream. They initially put it on the market last year but subsequently pulled it out, as they said the bids were too low.
Operating internationally, the company offers the development, hosting, and maintenance of electronic document management software. The business provides maintenance contracts, licences, installation, and training for its software.
This well-established business excels in resin floor installation and repairs, alongside additional services like stainless steel drainage installations, catering to diverse sectors including engineering, aerospace, and healthcare across South West E...
The companies supply an array of gases to suit various applications, with the group’s offering comprising all types of argon, oxygen, acetylene, nitrogen, carbon dioxide, refrigerant gases, propane and butane.
LEASEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.