SS&C Technologies Acquires Financial Models Company

On April 19, 2005, SS&C Technologies, Inc. of Windsor, Connecticut completed its acquisition of Financial Models Company Inc. (FMC) for approximately $207 million pursuant to an all-cash take-over bid announced on February 25, 2005. Established in 1976, FMC is a global leader in delivering advanced technology solutions to the investment management community. The completion of this transaction followed a series of hearings before the Ontario Securities Commission, the Ontario Superior Court of Justice and the Ontario Court of Appeal relating to competing bids from Stamos Katotakis, a founder and 40 per cent shareholder of FMC, and Linedata Services SA of Paris, France.

SS&C was represented by Stephen Whitman, senior vice-president and general counsel of SS&C, and by John Burgess, James Burke and Michael LaCascia (corporate/securities) of Wilmer Cutler Pickering Hale and Dorr LLP in Boston, as well as Richard Cherney, Neil Kravitz, Steven Harris, Olivier Désilets and Brian Kujavsky (corporate/securities) of Davies Ward Phillips & Vineberg LLP in Canada.

FMC was represented by McCarthy Tétrault LLP with a team that included Graham Gow, Philip Moore, Robert Hansen and Cibele Natasha Antunes (securities) and Paul Steep, Eric Gertner and Eric Block (litigation). The special committee of the board of directors of FMC was represented by Jonathan Levin and Dan Batista (securities), Jeffrey Leon and David Hausman (litigation) and Robin Roddey (research) at Fasken Martineau DuMoulin LLP.

Linedata was represented by Marie-Odile Thibeaut, general counsel, together with external counsel, Fraser Milner Casgrain LLP, with a team that included Grant Haynen, Michael Melanson, Will Fung and Catherine Pham (securities), Norman Emblem and Michael Schafler (litigation), Alex Roberts (corporate) and Christopher Steeves (tax).

Mr. Katotakis was represented by Stikeman Elliott LLP with a team that comprised William Braithwaite, Dee Rajpal and Quentin Markin (securities) and Peter Howard and Timothy Banks (litigation). BNY Capital Corp., a 23 per cent shareholder of FMC, was represented by Chris Hewat, Jason Koskela and Michael Bunn (securities) and S. Gordon McKee and Robin Linley (litigation) at Blake, Cassels & Graydon LLP. Dr. Waters, a founder and 19 per cent shareholder of FMC, was represented by Bruce McNeely (corporate), Norman Findlay (securities), Chris Norton (tax), William Burden, John Birch and Linda Knol (litigation) at Cassels Brock & Blackwell LLP.