News Column

Carlyle Group Sells More SS&C Shares

May 9, 2013

For the second time in two months, the Carlyle Group is selling common shares in SS&C Technologies, the Windsor-based software and services firm.

SS&C said Thursday Carlyle is selling 7.5 million shares, cutting its ownership of the company to about 9.2 percent, at a price of $32.20 per share. A sale in March reduced Carlyle's ownership from 27 percent to 19 percent.

The company expects the public offering to close and settle on May 14.

SS&C was public until the end of 2005 when Carlyle, a private investment firm, took it private along with company founder Willian C. Stone in a $1 billion buyout. After years of growth, SS&C went public again in March, 2010.

Shares were selling in early trading Thursday at $31.42, down $2.78 or 8.19 percent on the Nasdaq market, still more than double the initial share price of $15.

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