A cross-border Private Equity team are advising the management team of Unit4, an enterprise software company principally owned by Advent International, in the sale of the company to TA Associates at a transaction value in excess of $2 billion. The transaction is expected to close in early summer of 2021 pending customary regulatory approvals and closing conditions. Partners Group will invest alongside TA Associates.
Founded in 1984, Advent International is one of the largest and most experienced global private equity investors. The firm has invested in over 350 private equity transactions in 41 countries, and as of September 30, 2020, had $66.2 billion in assets under management.
Unit4's next-generation enterprise software supports its customers in delivering an exceptional People Experience to their own customers – from students and professionals to the citizens and constituents they serve.
For additional details on the sale, please read the press release.