DOW JONES NEWSWIRES

SoftBrands Inc. (SBN) agreed to be acquired by private-equity firm Golden Gate Capital LLC and privately held software company Infor for $41.2 million.

The 92-cent offer was nearly double the 47 cents the business-software company closed at Thursday. The stock was at 92 cents as recently as early October.

Including debt and preferred shares, the takeover is valued at $80 million. Softbrands, which specializes in the manufacturing and hospitality sectors, has struggled to remain profitable in recent years. Revenue has changed little in recent years.

The deal is expected to close within 60 to 90 days.

Golden Gate earlier this week agreed to acquire the J. Jill retail chain for $75 million.

-By Tess Stynes, Dow Jones Newswires; 201-938-2473; tess.stynes@dowjones.com