M&A Deal Summary

TA Associates Acquires Unit4

On March 22, 2021, private equity firm TA Associates acquired internet software and services company Unit4 from Advent International for 2.0B USD

Acquisition Highlights
  • This is TA Associates’ 25th transaction in the Internet Software and Services sector.
  • This is TA Associates’ 2nd largest (disclosed) transaction.
  • This is TA Associates’ 2nd transaction in the Netherlands.

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

Target

Unit4

Sliedrecht, Netherlands
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.

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Buyer(S) 1

Buyer

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates 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 $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 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. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 324 of 364
Sector (Internet Software and Services) 25 of 26
Type (Secondary Buyout) 55 of 69
Country (Netherlands) 2 of 2
Year (2021) 11 of 23
Size (of disclosed) 2 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-18 WorkWave

Holmdel, New Jersey, United States

WorkWave is a provider of an intuitive cloud-based field service management and fleet management solutions that help enterprising organizations with a mobile workforce transform their businesses. WorkWave was founded in 1984 and is based in Holmdel, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-29 LIST

Pisa, Italy

LIST is a provider of mission-critical trading and compliance software solutions and infrastructural services to a wide range of financial institutions. LIST was founded in 1985 and is based in Pisa, Italy.

Sell -

Seller(S) 1

SELLER

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 76.0B USD
Size Mega
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 million and $5 billion and can commit up to $2 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 192 of 222
Sector (Internet Software and Services) 7 of 9
Type (Secondary Buyout) 47 of 58
Country (Netherlands) 7 of 7
Year (2021) 4 of 19
Size (of disclosed) 7 of 52
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-16 Cyware

Jersey City, 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 Jersey City, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-24 Grupo BIG

Barueri, Brazil

Grupo BIG is a discount retailer operating throughout Brazil. It operates more then 400 stores in 18 states with more then 50,000 employees. Grupo BIG was formed in 1995 and is headquartered in Sao Paulo.

Sell -
Mergr

Product

Company

Legal