Silverlake forms unit to launch bid for NZ firm

Singapore

MAINBOARD-LISTED Silverlake Axis (Silverlake) on Thursday revealed that it has formed a company, Silverlake HGH, to launch a takeover offer for Finzsoft Solutions - an Auckland-based financial technology company that develops and implements software and solutions for banks and financial institutions in New Zealand and Australia - at a price of NZ$3 per share.

The acquisition will allow Silverlake to expand its existing portfolio of software solutions and deliver new collaborative digital economy offerings throughout the Asia Pacific region.