Misys, the British financial technology company, is nearing a deal to combine with DH Corp, a Canadian fintech rival, according to people briefed about the transaction.

Vista Equity Partners, the US private equity group that owns Misys, has beaten rival buyout Advent International to acquire the Toronto-listed company in a deal that could be worth more than C$2.5bn, those people said.

The Austin, Texas-based group will delist and combine DH with Misys in an effort to build a larger and more global fintech group ahead of renewed attempt to list the UK company, said a person with knowledge of Vista’s strategy.

Misys, which abruptly pulled out of a £5.5bn London listing last year after Britain voted to leave the EU, is considering to list on the New York Stock Exchange, according to people close to the company.

A deal could be announced as early as Monday, two people said, warning that as always in a delicate merger and acquisition situation the deal could still fall apart.

DH, Misys and Vista could not be immediately reached for comment.

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