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Arma Partners advises Carlyle on EUR220m sale of UC4 to EQT

Arma Partners acted as the exclusive financial adviser to alternative asset manager The Carlyle Group on the sale of UC4 Software to EQT for an enterprise value of EUR220m.

UC4 is the world’s largest independent IT process automation software company. Founded in 1985, UC4 employs over 300 staff and serves more than 2,000 customers across 71 countries, automating tens of millions of mission-critical IT operations a day.

UC4 generated revenues of approximately EUR62m in the fiscal year ended 30 April 2012 and is headquartered in Wolfsgraben (close to Vienna), Austria, and Bellevue, WA, US.

Carlyle’s European Technology fund acquired UC4 in March 2006 as a consolidation platform in the IT process automation software sector. UC4’s product and service offerings expanded over the following years through a combination of organic initiatives and three add-on acquisitions. 

With over EUR18bn in capital raised, EQT is a private equity group in Northern Europe. EQT will partner closely with the management team and independent directors to support UC4 in accelerating its international sales and further expanding its product offerings particularly in application, release and cloud automation.

Arma Partners had forged a close relationship with UC4 over several years, acting as strategic adviser with a view to maximising long-term shareholder value.

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