EQT Partners To Pay $271M For IT Automation Co. UC4

Law360, New York (August 13, 2012, 2:55 PM EDT) -- Swedish private equity firm EQT Partners AB has agreed to snap up software company UC4, the world’s largest independent process-automation specialist, in a deal valuing the Bellevue, Wash., company at €220 million ($271.4 million), the pair said Monday.

The deal, expected to be finalized in the fourth quarter, pending regulatory approval, transfers UC4 ownership from its founder and a unit of Washington-based private equity firm The Carlyle Group. UC4 management will reinvest in the company alongside EQT, the buyer said.

Since Carlyle purchased the company in...
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