Financial services software provider Misys, has recently sought advice for its proposed initial public offering (IPO) on the London Stock Exchange. Magic circle firms Freshfields Bruckhaus Deringer, Linklaters and Slaughter & May as well as US firm Kirkland & Ellis have each played roles on the £500 million IPO. Since 2012, Misys has been owned by Vista Equity and provides financial services software for a multitude of industries, including capital markets, investment management and enterprise risk.
Kirkland acted for Vista Equity, and has a long-lasting relationship with the private equity house with US partner David Breach holding the lead in-house position. However, this is a first time for Freshfields as Misys’ legal advisor, with co-head of international capital markets, Sarah Murphy leading the deal. Freshfields seems to have usurped Allen & Overy as regular legal counsel for Misys with the latter advising them on their failed merger talks in 2012 with Temenos.