Micro Focus drops sale talks

Advent International and Bain Capital were both thought to be in talks with Micro Focus but current market volatility, which has worsened in recent months, has caused to the firm to call off the sale.

Instead, Micro Focus will restart is share buy-back programme to raise additional funding.

Micro Focus develops software for businesses and has around 18,000 customers, including Tesco.

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• Topics
• UK / Ireland
• Technology
• Advent International
• Bain Capital Europe