Australia's Iress in Buyout Talks with Blackstone, Thoma Bravo

Australia's Iress in buyout talks with Blackstone, Thoma Bravo

Australia's Iress said on Friday it had previously considered a takeover approach from Blackstone and is now in preliminary discussions with both the U.S. investment company and private equity firm Thoma Bravo over a fresh proposal. The initial proposal from Blackstone valued Iress at A$1.94 billion ($1.27 bi

Blackstone, Thoma Bravo in Talks With Iress Over Possible Deal

Blackstone Inc. and Thoma Bravo are in early stage talks with Australian financial technology software firm Iress Ltd. over a possible takeover that could value the firm at about A$2 billion ($1.3 billion).

Australia's Iress in Early Talks With Blackstone, Thoma Bravo Over ...

Iress shares rally amid fresh takeover discussions with Blackstone and Thoma Bravo

Shares in Australian financial software provider Iress surged on Friday following confirmation that the company is in early-stage talks with Blackstone and Thoma Bravo regarding a potential acquisition, according to a report by Reuters. The announcement follows prior takeover interest from Blackstone, which had tabled an indicative proposal valuing Iress at AUD1.94bn ($1.27bn) before withdrawing the offer. Iress has now confirmed renewed engagem…

Iress Shares Jump Amid Takeover Interest

Shares in Iress have jumped 11 per cent following reports that the company is in preliminary talks with private equity firms Blackstone and Thoma Bravo regarding a potential takeover offer. Iress confirmed the early-stage engagement after a report in The Australian Financial Review, noting that the discussions are aimed at determining whether a proposal can be made that the Iress board could recommend. Iress provides software solutions to the fi…

Iress Ltd leads top gainers intraday Friday as Blackstone buyout bid confirmed

Iress Ltd (ASX:IRE) has soared to the top of the top gainers’ board on Friday, its share price posting a +12.2% rise in early afternoon trades, as the company confirms media reports of buyout bids from Blackstone. Iress, an old-school (well-established if you prefer) fintech company has long been listed on the bourse, with the $1.75B market cap company providing software at home and in US, EU, and elsewhere. Readers of HotCopper will likely be f…