Arma Partners has acted as financial adviser to EQT on the sale of its portfolio company, Automic, to CA Technologies at an enterprise valuation of EUR600 million.
Automic is a provider of business automation software that helps enterprises improve productivity and drive agility by automating business processes and IT infrastructure regardless of architecture, complexity and location.
Headquartered in Vienna, Austria, with approximately 600 employees across Europe, North America and Asia, Automic serves a wide range of customers in the energy, financial services, healthcare, manufacturing, retail and telecommunications sectors.
With Automic, CA will add new cloud-enabled automation and orchestration capabilities with real-time analytics to enable customers to move from IT-centric task automation to business-centric intelligent automation, thereby addressing their IT operations and DevOps needs on-premise, in the cloud and in hybrid cloud environments.
This is Arma Partners’ third transaction with Automic (previously UC4) after advising Carlyle on its EUR220 million initial sale to EQT and subsequently executing the transformative acquisition of Orsyp.
The sale of Automic follows Arma Partners’ recent role as adviser to HgCapital on the sale of its Wiesbaden-headquartered portfolio company P&I for EUR835 million to Permira.
