TA Associates to buy Unit4 for $2B

Monday, 22. March 2021 15:42

TA Associates reached a definitive agreement to purchase software company Unit4, the private equity firm said on Monday.

Partners Group will also take part in the acquisition, which values the tech company at over $2 billion. The transaction, which is subject to the customary approval process, is expected to close in the early summer of 2021.

"Our partnership with TA and Partners Group couldn't come at a better time," Unit4 CEO Mike Ettling said in the press release, adding that the company "is poised to see dramatic growth through this next phase of [its] journey."

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