TA Associates’ $2 Billion Acquisition of Unit4

Goodwin Procter LLP advised the management team of Unit4 on the deal, Kirkland & Ellis advised TA Associates.

Unit4, an enterprise software company principally owned by Advent International, announced the sale of the company to TA Associates at a transaction value in excess of $2 billion. The transaction is expected to close in early summer of 2021 pending customary regulatory approvals and closing conditions. Partners Group will invest alongside TA Associates.

Founded in 1984, Advent International is one of the largest and most experienced global private equity investors. The firm has invested in over 350 private equity transactions in 41 countries, and as of September 30, 2020, had $66.2 billion in assets under management.

Unit4’s next-generation enterprise software supports its customers in delivering an exceptional People Experience to their own customers – from students and professionals to the citizens and constituents they serve.

The Goodwin team was led by John LeClaire (Picture), Adam Small and Carl Bradshaw.

The Kirkland team advising TA Associates was led by transactional partners Carlos Gil Rivas, David Holdsworth, Tom McCarthy and Duncan Enista; debt finance partners Neel Sachdev and Sam Sherwood; tax partners Tim Lowe and Sam Trowbridge, with associates Joe O’Brien, Holly Donovan and Tilly Kersley.

Involved fees earner: Carl Bradshaw – Goodwin Procter; John LeClaire – Goodwin Procter; Adam Small – Goodwin Procter; Holly Donovan – Kirkland & Ellis; Duncan Enista – Kirkland & Ellis; Carlos Gil Rivas – Kirkland & Ellis; David Holdsworth – Kirkland & Ellis; Tilly Kersley – Kirkland & Ellis; Timothy Lowe – Kirkland & Ellis; Tom McCarthy – Kirkland & Ellis; Joseph O’Brien – Kirkland & Ellis; Neel Sachdev – Kirkland & Ellis; Sam Sherwood – Kirkland & Ellis; Sam Trowbridge – Kirkland & Ellis;

Law Firms: Goodwin Procter; Kirkland & Ellis;

Clients: TA Associates; UNIT4;

Author: Martina Bellini