Airbnb, Burger King and Spotify invest in battle with rival to buy robotics pioneer Blue Prism

A Warrington-based company that develops intelligent robotic process automation software is in talks with two private equity firms about a possible takeover.

Blue Prism Group, which also has a base in London, has confirmed it is in talks in separate talks with TPG Capital and Vista Equity Partners.

TPG Capital is headquartered in the United States and has already invested in Airbnb, Burger King and Spotify.

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Vista Equity Partners is also headquartered in the United States and currently owns stakes in UK companies such as Advanced, Allocate and Finastra.

In addition to its UK bases, Blue Prism Group is also present in the US, Europe, the Middle East and Asia.

The group’s shares jumped about 40% after the talks were announced.

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Blue Prism customers include eBay, Siemens, Jaguar Land Rover and the NHS.

A statement issued to the London Stock Exchange’s AIM said: “Blue Prism takes note of recent speculation and confirms that it is in talks with TPG Capital and Vista Equity Partners regarding possible offers for all of the issued share capital. and to issue from Blue Prism. .

“There can be no certainty that an offer will be made, nor as to the terms on which an offer would be made.

“Another announcement will be made if and when it is appropriate.

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“This statement is made by Blue Prism without the consent of TPG or Vista.”

The news comes after the group announced its half-year results for the end of April 2021, in which revenue jumped 24% to £ 80.4million and pre-tax losses were cut by 54.1million from pounds sterling to 21.5 million pounds sterling.

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The current main shareholders of the group are Jupiter Fund Management, HMI Capital Fund GP, its CEO and Chairman Jason Kingdon, Ameriprise Financial and Abrams Bison Investments.

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