Unit4, a global leader in enterprise cloud software for people-centric organizations, today announced it has signed a definitive agreement to receive a majority investment from TA Associates, a leading global growth private equity firm. Partners Group, a leading global private markets firm, will invest alongside TA, on behalf of its clients. Mike Ettling, CEO of Unit4, will continue to lead the company, supported by the existing management team. Advent International, the current majority shareholder in Unit4, will exit its stake in the company.
“Our partnership with TA and Partners Group couldn’t come at a better time. With the launch of ERPx, our next generation cloud-native ERP platform, expansion of our global partner ecosystem, the creation of a strong and viable customer community with Community 4U, and deeper “people” investment in our core and growth markets, Unit4 is poised to see dramatic growth through this next phase of our journey,” said Mike Ettling, CEO of Unit4.
The transaction is expected to close in early summer of 2021 pending customary regulatory approvals and closing conditions.
Announcement: Unit4 Announces Strategic Growth Buyout by TA Associates