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US firm Farallon looks at investing in Misys

US alternative investment firm Farallon is looking to invest in Sesame parent Misys and is undertaking due diligence, Money Marketing understands.

California-based external management consultant Paulette Thomas is conducting analysis of Misys and its value potential.

Investor Ashish Pant is heading the initial analysis for Farallon, which has $12bn under management.

In April, Misys abandoned plans to sell Sesame after failing to agree a sale price with buyers. It has a share price of 179.50p, having fallen by 5p after sales talks ended.

Sesame says it is not aware of discussions at Misys board level and it is unaware of any interest by Farallon or any other private investor.

The level of investment under consideration is unknown and the future of Sesame remains uncertain although Misys has made it clear that it is not core to its business model.

Thomas says: “I know Farallon are interested in Misys and have asked me to find out more about the company but I do not know any more than that.”

Sesame head of strategic propositions and commercial development Alastair Conway says: “We are not aware of anything at this level.”

Farallon declined to comment.

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