20 November 2013

Advent makes a recommended cash offer for UNIT4

De Brauw has assisted UNIT4 on reaching an agreement with Advent International on a recommended full public offer of EUR 38.75 in cash per issued and outstanding share of UNIT4, following a competitive bidding process. The  public offer for UNIT4 represents an equity value of approximately EUR 1.17 billion.

Arne Grimme, lead partner: ‘UNIT4 was first approached by several parties expressing interest in a potential takeover bid during the summer of 2013. A special committee was appointed shortly afterwards to oversee a structured process and safeguard the interests of all stakeholders. Following a leak announcement, more parties expressed their interest in UNIT4. UNIT4 engaged in discussions with some of these parties and decided, after careful evaluation, to invite more bidders into the process. Eventually, after a highly competitive process, Advent put forward the best offer with the highest offer price.’ 

Team:
Arne Grimme, Willemijne Adank, Martin van Olffen, Deline Kruitbosch, Okke Suurenbroek, Sacha Leeman, Jean-Marc Rovers, Jaap de Keijzer and Evert-Jan Henrichs