Vista Equity Partners and Thomson Reuters have signed an agreement under which Vista has made a binding offer to buy the Thomson Reuters Trade and Risk Management business which currently operates as a distinct unit within the Enterprise Solutions business.
Thomson Reuters will now begin the information and consultation process with respect to the planned divestment and will consult with all relevant Works Councils, unions and employee representatives. Upon completion of the employee information and consultation procedure, Thomson Reuters intends to enter into a sale and purchase agreement in respect of the proposed transaction which is expected to close by January 31, 2012. In the meantime Thomson Reuters is fully committed to ensuring continued quality of service to its Trade and Risk Management customers as well as investment in development and delivery of the planned product roadmap.
Barclays Capital is acting as sole financial advisor to Thomson Reuters with respect to the proposed transaction.
The terms of the agreement were not disclosed.
