D+H to Acquire FundTech for US$1.2billion

Davis + Henderson announced today (March 30, 2015) that it will acquire Fundtech for US$1.2billion.  An announcement that does not surprise.  With Fundtech under an FDIC and OCC consent order, senior management at GTCR went out looking for key players to bring onboard to get FundTech polished up for sale. Canada's D+H is looking to swoop in and get in the payments business, just as GTCR thought they were doing in late 2011.  There is a lot D+H will need to do to get Fundtech resurrected.  However, unlike GTCR, Davis + Henderson actually know a little something about the financial industry; so maybe there is some light at the end of the tunnel. 

http://www.fundtech.com/media/ugc/pdf/DH_Fundtech_Acquisition_-_US_FINAL.pdf