Bain Capital has increased its offer for SoftwareOne Holding AG to 3.72 billion.
SoftwareOne and Bain Capital declined to comment on the report.
The reported new offer is at a premium of 43.6 per cent from SoftwareOne’s last close on May 31, when Bain first presented an offer to the Swiss firm valuing it at $3.2 billion.
SoftwareOne’s board last month turned down Bain’s earlier offer although it received support from founding shareholders, Daniel von Stockar, B Curti Holding and Rene Gilli, who together hold 29.1 per cent of the company.
SoftwareOne helps companies manage software purchases from vendors such as Microsoft, Adobe and IBM. It floated on the Swiss exchange in 2019.
