Advent sells Sophis to Misys

With net debt of €162m as of 30 September 2010, the transaction gives the company an enterprise value of €435m.

Advent invested in Sophis, a vendor of capital markets software solutions, in July 2007 and wholly acquired the company with an additional investment in June 2008. The company is based in Dublin and employs approximately 360 people. In 2009 Sophis recorded a turnover of €74m.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Viktor Lundvall on +44 20 7004 7476 or viktor.lundvall@incisivemedia.com

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