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EQT Explored Sale of Software Developer SUSE After Takeover Interest

  • EQT decided to keep German software firm for now: sources
  • Tech-focused buyout firm Thoma Bravo had held talks on deal
     

     

Photographer: Simon Dawson/Bloomberg
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Private equity firm EQT AB recently explored a sale of SUSE SA after receiving takeover interest in the listed German enterprise software developer, people familiar with the matter said.

EQT entered advanced negotiations with tech-focused buyout firm Thoma Bravo after fielding inbound approaches from a number of potential buyers, said the people, who asked not to be identified because the information is private. Thoma Bravo, which pre-empted other bidders, couldn’t reach an agreement on the terms of a transaction and EQT has decided to keep its SUSE stake for now, according to the people.