In a bidding war for London-based GlobeOp Financial Services, WilmerHale represented SS&C Technologies in its takeover cash offer of $906.5 million. The bid topped an $805 million offer from buyout house TPG Capital, announced earlier this year in February. SS&C has offered to pay $7.69 per share for GlobeOp – an 11 percent premium on TPG’s bid. The deal has been unanimously approved by the board of directors of SS&C and the independent directors of GlobeOp.
Corporate Partner John Burgess and Finance Partners John Sigel and Justin Ochs are the lead attorneys advising SS&C in the US aspects of the deal. Other members of the WilmerHale team include Jay Bothwick and Wendell Taylor handling corporate aspects; Bill Kolasky and Jeffrey Ayer managing antitrust matters; Bruce Newman and Lauren Schreur handling FINRA filings; and Brett Budzinski, Rebecca Nauta, Jessica Martin, and Keith Spence working on corporate and financing matters.
A press release explaining this transaction is available on the SS&C website.