TA Is Said to Consider €4 Billion Sale of Software Firm Unit4

TA Associates is considering a potential sale of Dutch enterprise software company Unit4, according to people familiar with the matter.

The investment firm has asked a select group of banks to pitch for a sellside mandate as it seeks to prepare Unit4 for the sale, said the people, who asked not to be identified as the information is private. TA may seek a valuation of around €4 billion ($4.7 billion) for Unit4, some of the people said.

A sale process is likely to start next year, the people said. Considerations are preliminary and TA could still opt to keep ...