Unit4 to be acquired by Private Equity TA Associates in $2BN buy out

The Deal

Unit4, the Dutch enterprise resource planning software vendor announced it will be acquired by TA Associates in a deal worth $2BN. This will mean the exit of current investor Advent International which acquired the Netherlands based company in 2014.

Who is Unit4?

Unit4 is a software vendor specializing in enterprise resource planning software. The company focuses on public sector, not for profit, professional services and education clients. The organization was founded in 1980 and merged with Agresso in 2000.

Today it has over 2,600 employees worldwide with revenues of over 412 millions euros.

The organization specialises in people centric enterprise resource planning and business solutions covering ERP, FP&A and human resources.

Who is TA Associates?

TA is a global growth private equity firm. Focused on targeted sectors within five industries – technology, healthcare, financial services, consumer and business services – the firm invests in profitable, growing companies with opportunities for sustained growth, and has invested in more than 500 companies around the world.

Investing as either a majority or minority investor, TA employs a long-term approach, utilizing its strategic resources to help management teams build lasting value in high quality growth companies. TA has raised $33.5 billion in capital since its founding in 1968 and is committing to new investments at the pace of over $3 billion per year.

The firm’s more than 100 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong.