Silver Lake makes $2.4bn offer to acquire German multinational Software AG

Acquisitions

▤ Summary

In a statement, Software AG said that the supervisory and management boards of the company are in full support of the offer, signifying a positive outlook for the potential acquisition. Back in February 2022, Silver Lake made a significant investment of €344 million in Software AGs convertible bond, which upon conversion would represent almost 9% of the issued shares of the company. The transaction is fully funded, with both equity and debt financing already in place and Software AG has expressed its intention to recommend the offer to the companys shareholders. Software AG has credited Silver Lake with providing significant support for the companys strategic focus on the cloud application and data integration market, as well as its transition to a SaaS-first business model. In response to this development, Sanjay Brahmawar expressed optimism about the future, stating that Software AG is now expecting to achieve an operating profit margin in the upper range of 25%-30% over the medium term.

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Business Planning / Continuity

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Enterprise Software Database Management Software Data Integration

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