Silver Lake Invests $388 Million in Germany’s Software AG
- Funding will help accelerate Software AG’s dealmaking
- Shares fall after company decides against a full sale
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Technology-focused private equity firm Silver Lake has agreed to invest 344 million euros ($388 million) in Germany’s Software AG.
Silver Lake is buying convertible bonds that translate into about 10% of Software AG’s currently issued share capital, the company said in a statement Monday. The transaction will help the company strengthen its position in North America and pursue acquisitions, according to the statement.