M&A Deal Summary

TA Associates Acquires Unit4 N.V.

On March 22, 2021, private equity firm TA Associates acquired software company Unit4 N.V. from Advent International for 2.0B USD

Acquisition Highlights
  • This is TA Associates’ 61st transaction in the Software sector.
  • This is TA Associates’ 1st largest (disclosed) transaction.
  • This is TA Associates’ 2nd transaction in the Netherlands.

M&A Deal Summary

Date 2021-03-22
Target Unit4 N.V.
Sector Software
Buyer(s) TA Associates
Sellers(s) Advent International
Deal Type Secondary Buyout
Deal Value 2.0B USD
Advisor(s) Arma Partners LLP
Evercore Group LLC (Financial)
De Brauw Blackstone Westbroek N.V (Legal)

Target

Unit4 N.V.

Sliedrecht, Netherlands
website
Unit4 is a global cloud-focused business software company aimed at helping dynamic public sector and commercial services organizations to embrace change simply, quickly and cost effectively in a market sector it calls 'Businesses Living IN Change' (BLINC)™. UNIT4 incorporates a number of the world’s leading change embracing software brands including Agresso, the flagship ERP suite for mid-sized services intensive organizations; Coda, the best-of-class financial management software; and FinancialForce.com, the cloud applications company formed with investment from Salesforce.com. Unit4 was founded in 1980 and is based in Sliedrecht, Netherlands.

Search 161,083 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1968
PE ASSETS 28.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

TA Associates Management LP is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $50 and $500 million per transaction. TA currently manages approximately $24 billion of capital and proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $150 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments up to $75 million. TA's geographic preference is North America and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 305 of 314
Sector (Software) 61 of 65
Type (Secondary Buyout) 51 of 54
Country (Netherlands) 2 of 2
Year (2021) 9 of 18
Size (of disclosed) 1 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-17 StorageCraft Technology Corp.

Draper, Utah, United States

StorageCraft provides backup, disaster recovery, system migration, virtualization and data protection solutions for servers, desktops and laptops on Windows and Linux platforms. The company’s integrated product suite is designed to reduce downtime, improve management and stability of systems and data, and lower the total cost of system ownership in both physical and virtual environments. StorageCraft was founded in 2003 and is based in Draper, Utah.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 Exeter Property Group LLC

Conshohocken, Pennsylvania, United States

Exeter Property Group specializes primarily in industrial real estate across the U.S. and Europe through an array of Value-Add and Core return investment vehicles, as well as managed accounts. Exeter Property Group is based in Conshohocken, Pennsylvania.

Sell $1.9B

Seller(S) 1

SELLER

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1984
PE ASSETS 76.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 and $2000 billion and can commit up to $5 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 186 of 196
Sector (Software) 8 of 8
Type (Secondary Buyout) 48 of 52
Country (Netherlands) 7 of 7
Year (2021) 4 of 14
Size (of disclosed) 6 of 51
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-16 Cyware Labs, Inc.

New York, New York, United States

Cyware s is a product-based cybersecurity provider that offers a full-stack of innovative cyber fusion solutions for all-source strategic, tactical, technical, and operational threat intelligence sharing & threat response automation. Cyware was founded in 2016 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-24 Grupo Gayosso, S.A. de C.V.

Cuauhtémoc Delegation, Mexico

Gayosso offers a comprehensive solution since Gayosso not only has funeral services but also has final rest properties in Gayosso's own cemeteries and mausoleums. Gayosso is based in Cuauhtémoc Delegation, Mexico.

Sell $50M