OMERS-owned Teranet to buy D+H Collateral Management Corp
Teranet Inc has agreed to acquire D+H Collateral Management Corp, a search and lien registration services affiliate of U.K. financial technology company Finastra Holdings Inc. No financial terms were released for the deal, which is expected to close next month. Toronto-based Teranet said the buy, which is being undertaken by the affiliated CM Solutions Inc, will expand its commercial and registry business in Canada. Founded in 1991, Teranet has been owned since 2008 by OMERS Infrastructure. Finastra was formed last year with Vista Equity Partners' $4.8 billion acquisition of Toronto financial technology solutions provider DH Corp, and the company's subsequent merger with Misys.
25 June 2018•4 mins read
