Tag: Software one

SoftwareOne has turned down a takeover bid from private equity firm Bain Capital, choosing to stay independent after a big review.

The global software and cloud solutions provider’s board of directors looked at ways to make more money, including selling the company in the big review that started in July 2023.

After a thorough check, PE firm Bain Capital made a non-binding offer to buy SoftwareOne, but the board decided that Bain’s offer was not good enough or fair enough.

With help from an independent valuation and expert advice, the board all agreed that saying no to Bain’s offer was the best thing for the company and its people. Read more…

SoftwareOne has rejected a $3.2 billion Bain Capital offer to acquire the Switzerland-based company.

The proposed deal, described by SoftwareOne as an “indicative, unsolicited and non-binding offer,” was made by Bain Capital to acquire 100 percent of the company at 18.50 CHF (Swiss franks) per share. At Thursday’s exchange rate, that is about $20.51 per share.

Supporting Bain Capital on the offer are three investors in SoftwareOne who collectively hold about 29 percent of the company’s share capital, including Daniel von Stockar, B. Curti Holding AG, and René Gilli, SoftwareOne said.

von Stockar is the co-founder of SoftwareOne and currently sits on the company’s board of directors. He served as chairman of the board until April. Gilli served on the company’s board of directors until spring of 2022. Read more…