Skadden Reps Sage Group In Asset Sales Worth $145M

Law360, New York (February 15, 2013, 3:22 PM EST) -- Business software vendor Sage Group PLC on Friday forged ahead with a plan to unload several of its noncore assets, raking in $145 million with seven deals that include the sale of its nonprofit-geared software suite to tech-focused private equity firm Accel-KKR.

In the sales, U.K.-based Sage divests three units based in North America and a quartet of mainly European holdings. In addition to the Texas-based Sage Nonprofit Solutions business being scooped up by Accel-KKR for an undisclosed amount, a pair of content management and customer...
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