LONDON : Apax Partners, Bain Capital and CVC are each exploring potential bids for SoftwareOne, two people with knowledge of the situation said, three months after the ouster of the Swiss software company's board. Talks with interested funds are ongoing, one of the people said.
FILE PHOTO: Logo of Bain Capital is screened at a news conference in Tokyo, Japan September 28, 2017. REUTERS/Kim Kyung-Hoon/File PhotoLONDON : Apax Partners, Bain Capital and CVC are each exploring potential bids for SoftwareOne, two people with knowledge of the situation said, three months after the ouster of the Swiss software company's board.
SoftwareOne's board was ousted in April after it rejected a 2.9 billion Swiss franc takeover offer by Bain. In May, at the time of its first quarter 2024 trading update, the company said the board had been approached by several parties regarding a potential going-private transaction but didn't provide names.
Earlier this year, founding shareholders Daniel von Stockar, Rene Gilli and B. Curti Holding, who own nearly a third of SoftwareOne stock, won a vote to oust most of the existing board after it had resisted a sale to Bain.SoftwareOne rejected multiple offers from Bain over the course of last year, saying they provided neither sufficient certainty, nor reflected the value of the company.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exclusive-Major Japanese insurers to offload $3.1 billion of Honda shares, sources sayTOKYO :Four of Japan's top property and casualty insurers and other financial firms plan to sell around 500 billion yen ($3.1 billion) of shares in Honda Motor , three people said, as the unwinding of cross-shareholding practices accelerates.
Read more »
Singapore wins bid to host 2024 FIDE World Chess Championship over Indian citiesFIDE, the International Chess Federation, selected Singapore over competing bids from New Delhi and Chennai.
Read more »
India races to build power plants in region claimed by China, sources sayNEW DELHI — India plans to spend US$1 billion (S$1.35 billion) to expedite the construction of 12 hydropower stations in the northeastern Himalayan state of Arunachal Pradesh, two government sources said, a move that could raise tensions with China that lays claims to the region.
Read more »
New Delhi's domestic airport terminal likely to be shut for a few weeks, sources sayNEW DELHI — New Delhi's main domestic terminal is likely to remain shut for a few weeks with debris still scattered outside the airport following last week's roof collapse, two sources with direct knowledge of the matter told Reuters on July 1. A portion of the roof, canopy and several beams at the domestic terminal 1 collapsed after heavy rain...
Read more »
Italy picks KPMG to value digital payment platform PagoPA, sources sayROME : Italy's Treasury has picked accounting firm KPMG to put a price tag on PagoPA, a company handling digital payments to the public administration, as it prepares to sell the business to the state mint and postal service Poste Italiane, people close to the matter said.
Read more »
New Delhi’s domestic airport terminal likely to be shut for a few weeks, sources sayThe recently expanded terminal is mostly used by low-cost carriers IndiGo and SpiceJet.
Read more »