Advent Puts Up $1.6B For Dutch Software Co. Unit4

Law360, New York (November 18, 2013, 10:45 AM EST) -- Dutch software company Unit4 will go private in a €1.2 billion ($1.6 billion) sale to Boston investment firm Advent International Corp., it said Monday, touting the plan as a way for the company to escape shareholder pressure to accelerate growth plans.

Confirmation of the all-cash offer comes about a month after Unit4 revealed it was mulling a private equity takeover bid worth about €1 billion. At the time, the company did not name its prospective buyer and stayed mum on whether it would pursue a transaction,...
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