Cleary Gottlieb is representing Fidessa group plc (Fidessa) in relation to the recommended all cash offer from Temenos Group AG (Temenos) to acquire the entire issued and to be issued share capital of Fidessa.

The offer is expected to be effected by means of a scheme of arrangement under Part 26 of the UK Companies Act 2006.

Fidessa is a global provider of multi-asset trading and investment software and infrastructure solutions to the world’s financial markets. Temenos is a global provider of integrated software to banks and other financial institutions.