PRINT THIS PAGE Carlyle to acquire SS&C Technologies for $941m29/07/2005. Source: AltAssets. 
 US private equity giant The Carlyle Group is to acquire SS&C Technologies through its affiliate Sunshine Acquisition Corporation. The aggregate consideration to be paid to SS&C stockholders and option holders is approximately $941m.
Under the terms of the agreement, SS&C stockholders will receive $37.25 in cash for each share of SS&C common stock, representing a 15.7 per cent premium over the average closing price of SS&C's stock for the last 30 trading days.
SS&C delivers investment and financial management software and related services.
Bud Watts, managing director of Carlyle, said, 'We are delighted to be teaming with Bill Stone and his team to support the next phase of SS&C's growth. Bill and the highly talented employees of SS&C have built a great company with market leading technology, world-class customer service, and an impressive client base.'
Carlyle, founded in 1987, has nearly $30bn under management.
The Group focuses on the aerospace and defence, automotive and transportation, consumer and retail, energy and power, healthcare, industrial, real estate, technology and business services, and telecommunications and media.
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