Funds managed by Bain Capital Private Equity (Europe), LLP made an offer to acquire SoftwareONE Holding AG (SWX:SWON) from Daniel von Stockar, B. Curti Holding AG and René Gilli and others for CHF 3.2 billion on May 31, 2023. As of July 20, 2023, the offer price per share has been increased from CHF 18.50 cash to in the range of CHF 19.50-20.50 cash per share. Bain Capital and the Founding Shareholders expect to provide the market with a further update once due diligence access has been granted. Bain Capital's proposal was supported by the company's Founding Shareholders, Daniel von Stockar, B. Curti Holding AG and René Gilli. The proposal is subject to the satisfactory outcome of a customary due diligence, which the Board of Directors of SoftwareOne has been asked to facilitate, as well as other customary conditions. The board of directors of SoftwareONE rejected the offer, and unanimously agreed that the proposal materially undervalues the company and is not sufficiently substantiated. As of July 24, 2023, SoftwareOne Board of Directors rejects revised offer from Bain Capital and initiates strategic review. As on January 8, 2024, Board of Directors of SoftwareOne Holding confirms that, as part of its ongoing strategic review, it continues to be in discussions with Bain Capital following an extensive due diligence process, discussions which may or may not lead to an offer. The Board expects to conclude discussions and provide an update on the outcome of the strategic review to shareholders by the end of the month. As of January 15, 2024, , the Board received one non-binding value indication of CHF 18.80 per share from Bain Capital. The Board carefully reviewed the proposal and, supported by an independent valuation and expert advice, unanimously agreed that the non-binding value indication neither provides sufficient certainty nor adequately reflects the fundamental value of SoftwareOne, and is therefore not in the best interest of the company and all stakeholders.

JPMorgan Chase & Co. acted as Financial Advisor to SoftwareONE Holding AG. BofA Securities Europe SA acted as financial advisor to Bain Capital Private Equity (Europe), LLP.

Funds managed by Bain Capital Private Equity (Europe), LLP cancelled the acquisition of SoftwareONE Holding AG (SWX:SWON) from Daniel von Stockar, B. Curti Holding AG and René Gilli and others on March 5, 2024.