Bain Capital, a private equity firm, has made an increased offer for SoftwareOne Holding, a Swiss software management company, amounting to approximately 3.2 billion Swiss francs (equivalent to $3.72 billion), Bloomberg News reported.
The proposal put forth by Bain Capital values each share of SoftwareOne at around 20 Swiss francs, representing a premium of 43.6 percent from SoftwareOne’s last closing price on May 31. On that date, Bain Capital initially presented an offer that valued the Swiss firm at $3.2 billion.
In the past month, SoftwareOne’s board had rejected the earlier offer from Bain Capital, despite receiving support from the company’s founding shareholders, namely Daniel von Stockar, B Curti Holding, and Rene Gilli. Collectively, these founding shareholders hold a 29.1 percent stake in the company.
SoftwareOne specializes in assisting businesses in managing their software purchases from renowned vendors such as Microsoft, Adobe, and IBM. The company went public and started trading on the Swiss exchange in 2019, marking a significant milestone in its growth and development.
The latest increased offer from Bain Capital indicates the private equity firm’s continued interest in acquiring SoftwareOne and expanding its presence in the software management sector. The decision now rests with SoftwareOne’s board and shareholders to consider the new proposal and determine the company’s future direction amidst these developments in the financial landscape.
