Davis Polk is advising SS&C Technologies Holdings, Inc. on its approximately $5.4 billion acquisition of DST Systems, Inc. The transaction, which is expected to close by the third quarter of 2018, is subject to DST’s stockholder approval, clearances by the relevant regulatory authorities and other customary closing conditions.

SS&C is a global provider of investment and financial software-enabled services and software for the global financial services industry. DST Systems is a provider of specialized technology, strategic advisory and business operations outsourcing to the financial and health care industries.

The Davis Polk corporate team includes partner Leonard Kreynin and associates Cheryl Chan and Michael Gilson. Partner Michael Mollerus is providing tax advice. Partner Lawrence E. Wieman is providing credit advice. Partner Joseph A. Hall and associate John H. Runne are providing capital markets advice. Counsel Michael Sholem is providing European regulatory advice. Partner Jeffrey P. Crandall and counsel David Mollo-Christensen are providing executive compensation advice. Members of the Davis Polk team are based in the New York and London offices.