TA Associates and Vista-backed Aptean to acquire Sanderson Group for £90m.

TA Associates and Vista-backed Aptean, a global leader in enterprise business software, agreed to acquire Sanderson Group, a well-established, profitable, software and IT services business, for £90m. The price represents a premium of 9.8% to the closing price per Sanderson share on 31 July 2019. Commenting on the Acquisition, Christopher Winn, Chairman of Sanderson, said: "The Board of Sanderson is unanimously recommending this offer to shareholders, viewing it as an endorsement of the Board's strategy and achievement of its execution to date. Considerable shareholder value has been delivered by a progressive dividend policy over the years and this offer now enables shareholders to realise the rewards for their patience, support and investment over the past few years."