UK IT Channel News | IT Channel Oxygen
  • News
  • Topics
    • Vendor
    • Distributor
    • Partner
    • Indepth
    • Sustainability
    • M&A
    • People Moves
    • AI
    • Tech trends
  • About Us
  • Partner with us
  • KOcycle Zone
Members
Must-Know Distributors
Oxygen 250
No Result
View All Result
  • News
  • Topics
    • Vendor
    • Distributor
    • Partner
    • Indepth
    • Sustainability
    • M&A
    • People Moves
    • AI
    • Tech trends
  • About Us
  • Partner with us
  • KOcycle Zone
No Result
View All Result
UK IT Channel News | IT Channel Oxygen
No Result
View All Result
Home M&A

SoftwareOne snubs Bain and opts to remain a standalone company

“The Board is confident in SoftwareOne’s positioning in a large and fast-growing market"

Oxygen staff by Oxygen staff
15 January 2024
in M&A
Brian Duffy, SoftwareOne

Brian Duffy

Share on LinkedinShare on Twitter

SoftwareOne has opted to remain a standalone company after snubbing yet another bid from Bain Capital.

The software and cloud solutions provider said it is “confident of its positioning in a large and fast-growing market” as it announced that its strategic review has ended in no sale.

The SIX Swiss-listed outfit launched the strategic review last summer after turning down two initial bids from Bain, in June and in July (for 18.5 Swiss francs per share and 19.5-20.5 Swiss francs per share, respectively).

The approaches valued the 9,000-employee Microsoft partner at 2.93bn Swiss francs and 3.2bn Swiss francs, respectively.

‘Does not adequately reflect fundamental value of SoftwareOne’

SoftwareOne has concluded the strategic review after turning down another “non-binding value indication” of 18.80 Swiss francs per share from Bain, it announced this morning.

The offer “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”, SoftwareOne said.

“The Board is confident in SoftwareOne’s positioning in a large and fast-growing market, underpinned by strong growth momentum, and that the company has the right leadership team and strategy in place to achieve its ambitions,” it said.

“As such, the Board is convinced that SoftwareOne is well placed to create shareholder value as a standalone public company.”

In October, Canalys analyst Sheena Wee held up SoftwareOne’s double rebuff of Bain as a prime example of the mismatch between buyer and seller expectations that currently exists, characterising it as a “disjointed valuation market”.

SoftwareOne cut its 2023 growth guidance in November amid “increasingly volatile conditions”. Its mid-term guidance of “mid-teens revenue growth” remains unaffected, CEO Brian Duffy (pictured above) stressed at the time, however.

In this morning’s announcement, SoftwareOne reconfirmed that 2023 guidance.

SoftwareOne’s strategic review resulted in multiple bids being placed in October, according to this Reuters report. Reuters then reported in December that Bain was the last bidder left standing.

Tags: featuredSoftwareONE
Previous Post

4 things to know about Dell’s new ‘Chief Partner Officer’

Next Post

Nebula revamps with new branding, website and ‘sustainability blueprint’

Related Posts

Klaus Schlichtherle, Infinigate
Distributor

Infinigate outgrows its 11 major peers, reaffirms €5bn target

29 May 2025
‘By far the most important factor’ – analyst on Softcat’s share surge
News

‘By far the most important factor’ – analyst on Softcat’s share surge

28 May 2025
Westcon Comstor HQ
Distributor

Cyber generates more than half Westcon-Comstor’s sales for first time

27 May 2025
v
Big Interview

‘We redesigned the whole business’ – LIMA CEO on services reinvention

27 May 2025
Matt Jones, Cisilion
People Moves

Cisilion keeps up with the Jones in quest for £100m

22 May 2025
Geoff Kneen, Advania
M&A

Advania ‘not throwing baby out with bathwater’ as CCS Media and Servium rebrand date looms

21 May 2025
Comet logo
M&A

Misco sells Comet to focus on core business

21 May 2025
Partners feeling uncharitable towards Microsoft after non-profit ‘rug pull’
Vendor

Partners feeling uncharitable towards Microsoft after non-profit ‘rug pull’

21 May 2025
Next Post
Ross Teague, CEO, Nebula

Nebula revamps with new branding, website and ‘sustainability blueprint’

Follow Us

IT Channel Oxygen keeps you informed on the UK IT channel and its sustainable transformation. Learn more

  • About
  • Our Team
  • Partner with us
  • Privacy Policy
  • Terms & Conditions
  • News
  • Cookie Policy (UK)

© 2025 IT Channel Oxygen

Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
View preferences
{title} {title} {title}
No Result
View All Result
  • Oxygen 250
  • Must-Know Distributors
  • Member area
  • KOcycle Zone
  • Big Interview
  • News
  • Indepth
  • About
  • Partner with us

© 2025 IT Channel Oxygen