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Silver Lake have completed the 37% minority acquisition of Cegid Group from Groupama and ICMI for $684m.

Financials

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Transaction Value£481m
Consideration Type-
Capital Owned-
Capital Bid For38%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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application software

Software

Natural

Private

Completed

France

Acquisition

Single Bidder

Private Equity

Synopsis

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Silver Lake, the global leader in technology investing, and AltaOne Capital, an investment company, have completed the 37% minority acquisition of Cegid Group, a leading French enterprise management software and cloud services provider from Groupama and ICMI, investment companies for $684m. "The announcement today is the culmination of several decades of effort, and opens a new chapter for Cegid bringing in new shareholders committed to investing in the business for the long term to enable the next phase of its growth, namely its international operations. I am convinced that the Silver Lake - AltaOne Consortium is well positioned to ensure the long-term future success of Cegid by supporting us in the pursuit of our strategy, all in the interest of our employees and customers.” Jean-Michel Aulas, Cegid founder and Chairman.

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