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FGS Global represents SoftwareOne as the Swiss technology company receives its second unsolicited takeover offer from private equity firm Bain Capital.
The $3.7B bid represents a 48 percent premium to SoftwareOne’s closing price on May 30, which was the last trading day before Bain’s first offer.
SoftwareOne’s board unanimously rejected Bain’s initial bid and will now assess the revised proposal and make a recommendation that is in the best interest of all shareholders.
Bloomberg reports that Bain has been seeking a deal for a European technology company after it exited the race for Germany’s Software AG.
Stanton CEO Alex Stanton handles media for Bain Capital.
FGS Global represents private equity firm Thoma Bravo as it makes a $4.6B bid for Darktrace, a UK-based cybersecurity artificial intelligence firm.
Edelman handles Viking Holdings, the river and ocean luxury cruise line that plans to raise $1B via an IPO priced in the $21 to $25 per share range.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
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