Advanced Computer Software agrees to £725m takeover by Vista Ms Murria said that ACS "had received lots of buyout approaches from private equity and we kept batting them away." ACS revealed in documents that it had discussions with a number of private equity houses in October but the company insists that it was only after the group published its results on 4 November that it entered into dialogue with Vista. However, Ms Murria said that after Vista made another approach following the company's results, ACS started a competitive process with another rival technology focused private equity firm. Ms Murria said that the price that Vista was willing to pay meant that she was encouraged by the board to engage and Vista's final 140p-a-share bid was unanimously approved by the board. The bid is a 75pc premium to company's £44m placing in February last year at 80p a share. ACS shares rose by 18p, or 15pc, to 137.7p on Tuesday afternoon. Ms Murria, who was born in the Punjab, and her family own a 15pc stake in the business, putting them in line for a £101.2m windfall. However, she said that she made sure that the sale was in the best interests for shareholders by being "squeaky clean" and making sure that we have not agreed on management roles until after the deal completes. Ms Murria previously netted investors in Computer Software Group a 10-fold return when she sold the business to HG Capital in 2007 for £91m, only for the private equity company to merge the business with a rival business and sell it four weeks later for £500m. The company needs 75pc of shareholders to vote in favour of the deal at a court meeting in January. However, Vista already has support for roughly 48pc of ACS' share base already, according to filings. Rothschild advised ACS on the deal while Morgan Stanley advised Vista.