Blue Prism enters takeover discussions with US private equity groups


Blue Prism Group PLC (AIM:PRSM) could be the latest UK company planning to leave the London Stock Exchange after it was lured into takeover discussions by two US private equity groups.

The AIM-listed company, which was valued at GBP890mln based on Friday’s closing price, said it is in talks with TPG Capital and Vista Equity Partners regarding possible offers.

READ: London’s defence sector to become a little less British as Meggitt, Ultra Electronics agree to international takeovers

It stressed there is no certainty a deal will go ahead at this stage.

Blue Prism is a pioneer in the automation software space: in essence, it makes ‘digital workers’ and provides solutions for enterprises to organise them, to help clients automate their operations.

The news comes weeks after UK defence giants Meggitt PLC (LSE:MGGT) and Ultra Electronics Holdings PLC (LSE:ULE) have recommended bids by US companies.

Last year, Nvidia Corporation agreed to buy UK chipmaker Arm for US$40bn in a mixture of cash and shares from its Japanese owner, SoftBank.

British tech players may feel undervalued by the domestic market and end up departing for better offerors.

Shares in Blue Prism climbed 37% to 1,140p on Tuesday before close.


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