Clifford Chance has advised Partners Group in relation to the Strategic Growth Buyout of enterprise cloud software company Unit4 by private equity firm TA Associates for a transaction value in excess of USD 2 billion. Partners Group, a leading global private markets investment manager, will invest alongside TA Associates, on behalf of its clients. Advent International, the current majority shareholder in Unit4, will exit its stake in the company. The transaction is expected to close in early summer of 2021 pending customary regulatory approvals and closing conditions.

Unit4 is a global leader in enterprise cloud software for people-centric organizations including professional services, public sector, nonprofit and higher education sectors. Unit4’s offerings include both traditional on-premises solutions and cloud-based products. For more information, click here.

This transaction builds on Clifford Chance’s experience acting for financial investors in the tech sector. A cross-border team advised on the transaction, led by Amsterdam-based Partner Gregory Crookes and London-based Partners Jonny Myers and Jenine Hulsmann, with key support from a wider team based in Amsterdam and London.