Keensight Capital to acquire a majority stake in Smile from Eurazeo.

Keensight Capital, one of the leading European Growth Buyout firms, has agreed to acquire a majority stake in Smile, European digital champion, from Eurazeo, a private equity company. Financial terms were not disclosed. “In sync with Keensight Capital and Eurazeo’s investment philosophy, we think one step ahead. Our ambition is to establish ourselves as the next European digital champion, through both organic growth and bolt-on acquisitions. We are confident that the guidance of two of the best European investment teams coupled with the roll-out of the second part of our Open Arrow strategy would enable us to make open source the main vector for digitalization in Europe.” Marc Palazon, Smile Chairman of Executive Board.