Open Solutions Shareholders Approve Sale to Private Equity Firms

Register now

GLASTONBURY, Ct. – Open Solutions announced that its shareholders overwhelmingly approved the sale of the company to Carlyle Group and Providence Equity Partners, two leading private equity firms. The two private equity firms have agreed to pay $38 a share and the assumption of debt, a total of about $1.3 billion. The deal is expected to close on January 23.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER