Advent Is Said to Revive Unit4 Sale Plans After SPAC Approach

Advent International is planning to revive a sale of software business Unit4 NV after receiving takeover interest from a blank-check company, according to people familiar with the matter.

The private-equity firm could kick off a sale process for the business next year, the people said, asking not to be identified discussing confidential information. Netherlands-based Unit4 could be valued at as much as 2 billion euros ($2.4 billion), the people said.

Advent abandoneda previous attempt to sell Unit4 in 2018. Deliberations about a new sale are ongoing and no firm decisions have been made, the people said. One possible exit ...