Exact, the Dutch specialist in accounting software, has been put up for sale by owner Apax. That’s what the Financieele Dagblad writes. The British investment company hopes that the sale will yield about 1.5 billion euros.

According to the business newspaper, the sales process is still at an early stage. It bases its reporting on insider sources that wish to remain anonymous. Apax didn’t want to respond officially.

The British investor withdrew Exactly in March 2015 for 730 million euros from the stock exchange. At the time, the accounting specialist was struggling with declining profits and was in the midst of switching from traditional software packages to the cloud.

By releasing Exact from the stock market listing, Apax hoped to create room for investments in order to make the company a top global player. It didn’t get that far in the end. Exactly what it was that secured its international ambitions again last year and will only focus on its home market of Benelux, France and Spain.

Apax reportedly hopes that the sale of the software company from Delft will bring in approximately 1.5 billion euros.

This news article was automatically translated from Dutch to give Techzine.eu a head start. All news articles after September 1, 2019 are written in native English and NOT translated. All our background stories are written in native English as well. For more information read our launch article.