A pension plan and several U.S. private equity firms are looking into making an offer for DH Corp., more than a month after the Canadian financial technology services provider formed a special committee to handle expressions of interest, Reuters reported, citing "people familiar with the situation."
Canada Pension Plan Investment Board, TPG, Cerberus Capital Management LP and Thoma Bravo LLC are some of the entities interested in DH. Should the pension plan decide to pursue DH, it will likely partner with a private equity firm, according to the report. sources said any potential buyer will likely push for an overhaul of DH's operations and business to generate savings, according to the report.
The news outlet reported that the Canadian financial technology services provider engaged Credit Suisse and Royal Bank of Canada as financial advisers.