Software One

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.