UNIT4 offer update: Competition approvals obtained
SLIEDRECHT and LONDON, 31 January 2014 – AI Avocado B.V. (the “Offeror”), a company ultimately indirectly controlled by funds advised and managed by Advent International, L.P. (“Advent”), and UNIT4 N.V. (“UNIT4”) jointly announce that the Offeror has obtained regulatory clearance from the European Commission and the Federal Trade Commission and Antitrust Division of the US Department of Justice in connection with the Offeror’s recommended all-cash public offer for all the issued and outstanding ordinary shares in the capital of UNIT4 (the “Offer”). As a result, the offer condition in relation to competition clearance has been satisfied.
Further information
Holders of shares in the capital of UNIT4 shall have the opportunity until 28 February 2014 17:40 hours CET to tender their shares under the Offer, unless the offer period is extended.
The Offeror is making the Offer on the terms and subject to the conditions and restrictions contained in the Offer Memorandum, dated 20 December 2013. In addition, UNIT4 has made available the Position Statement, containing the information required by Article 18, paragraph 2 and Annex G of the Decree in connection with the Offer.
This announcement contains selected, condensed information regarding the Offer and does not replace the Offer Memorandum and/or the Position Statement. The information in this announcement is not complete and additional information is contained in the Offer Memorandum and the Position Statement.
Shareholders are advised to review the Offer Memorandum and the Position Statement in detail and to seek independent advice where appropriate in order to reach a reasoned judgment in respect of the Offer and the content of the Offer Memorandum and the Position Statement.
Copies of the Offer Memorandum are available free of charge at the offices of the Offeror, UNIT4 and the Paying and Exchange Agent and can be obtained by contacting the Offeror, UNIT4 or the Paying and Exchange Agent.
Digital copies of the Offer Memorandum are available on the websites of UNIT4 (www.unit4.com) and Advent (adventinternational.com). The UNIT4 and Advent websites do not constitute a part of, and are not incorporated by reference into, the Offer Memorandum. Digital copies of the Position Statement are available on the website of UNIT4 (www.unit4.com).
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About UNIT4 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. With operations in 26 countries across Europe, North America, Asia Pacific and Africa and sales activities in several other countries, UNIT4’s revenue was EUR 469.8 million in 2012. UNIT4 is headquartered in Sliedrecht, the Netherlands and has over 4,300 employees. It is listed on Euronext Amsterdam and is included in the Amsterdam Midcap Index (AMX). For more information, visit www.unit4.com |
About Advent International Founded in 1984, Advent is one of the largest and most experienced global investors dedicated solely to private equity. Since the inception, the firm has invested in more than 280 buyout transactions in 36 countries and today has EUR 24.3 billion in assets under management. With offices on four continents, Advent has established a globally integrated team of over 170 investment professionals across Europe, North America, Latin America and Asia. The firm focuses on growth and traditional buyout and strategic repositioning transactions across five core sectors, including technology, media and telecoms; business and financial services; healthcare; industrial; and retail consumer and leisure. After 29 years dedicated to international investing, Advent remains committed to partnering with management teams to deliver sustained revenue and earnings growth in its portfolio companies. For more information, visit adventinternational.com |
Media contacts
UNIT4 N.V.
Tel: +31 (0) 1844 44444
Chris Ouwinga, Chairman of the Board
chris.ouwinga@unit4.com
José Duarte, CEO
jose.duarte@unit4.com
Edwin van Leeuwen, CFO
edwin.van.leeuwen@unit4.com
Advent International
Fergus Wheeler
Tel: +44 (0) 7710 128 347
fergus.wheeler@fticonsulting.com
Louisa Feltes
Tel: +44 (0) 7843 385 075
louisa.feltes@fticonsulting.com
