Deals
Advent Ends Sale Process for Unit4 Software Business
- Private equity firm will remain invested in Dutch company
- Unit4 was expected to fetch about 2 billion euros in a sale
Photographer: Chris Ratcliffe/Bloomberg
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Advent International ended plans to sell Unit4 NV and will remain invested in the Dutch software company, a person familiar with the matter said.
Advent had been working with advisers to explore strategic options for the business, which included a potential sale or retaining ownership, the person said, asking not to be identified because the decision was private. Unit4 was expected to fetch a value of about 2 billion euros ($2.3 billion), people familiar with the matter said in November.