Announced
Completed
Financials
Tags
application software
Software
Natural
Private
Completed
France
Acquisition
Single Bidder
Private Equity
Synopsis
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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