SS&C Technologies Buyout

SS&C Technologies, Inc. (SSNC)
Carlyle Group
$1B Buyout

SS&C Technologies LBO

$1 billion acquisition by Carlyle Group

SS&C provides software and processing solutions,
primarily for financial services industry

Slide presentation 8.25.05
Background through 10.19.05

$37.25 per share, cash

Announced 7.28.05

Closed 11.23.05

Litigation continued post-closing

Delaware Chancery rejected proposed settlement
See SS&C Tech Shareholders Litigation

Advisors

Advisors

Carlyle: Wachovia / Latham
SS&C: SunTrust / America's Growth Capital / Wilmer Cutler
Special committee: Morris Nichols
SS&C management: Cadwalader

Agreements

Agreements

Merger agreement

Amendment #1 8.25.05

Seller representations - Article III
Seller representations - Article IV
Financing commitments - §4.07
Guarantee - §4.08
No shop covenant - §6.04
Debt financing covenant - §6.08
Reasonable best efforts covenant - §6.09
MAC condition - §7.02(d)
Financing condition - §7.02(e)
Break-up fee - $30 million - §8.03
Definitions - §9.03
Governing law - Delaware

Contribution and subscription agreement (Target founder)
Voting agreement
Credit agreement amendment

Fairness Opinions

Fairness opinions

Proxy Solicitation - 13e-3 Filings

Proxy Solicitation

Supplemental disclosure 11.04.05

Definitive proxy statement 10.19.05

Schedule 13E-3 filings

Amendment #4 11.23.05
Amendment #3 10.19.05
Amendment #2 10.17.05
Amendment #1 9.30.05

Schedule 13E-3 8.25.05

Interim communications

Items

Stock option FAQs 11.01.05

Related Topics

Tech: Information Services

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