Deals
Advent Is Said to Revive Unit4 Sale Plans After SPAC Approach
- Software business could be valued at up to 2 billion euros
- Advent attempted to sell firm in 2018 before abandoning plans
Photographer: RossHelen/iStockphoto/Getty Images
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Advent International is planning to revive a sale of software business Unit4 NV after receiving takeover interest from a blank-check company, according to people familiar with the matter.
The private-equity firm could kick off a sale process for the business next year, the people said, asking not to be identified discussing confidential information. Netherlands-based Unit4 could be valued at as much as 2 billion euros ($2.4 billion), the people said.