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New Deal


Announced

Argos Wityu sold Salvia Group to Total Specific Solutions.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Friendly

software development

France

Software

Private

Acquisition

Pending

Single Bidder

Synopsis

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Argos Wityu, an European independent private equity group, sold Salvia Group, a French software developer, to Total Specific Solutions, a software company in Nieuwegein, Netherlands. Finanial terms were not disclosed. Françoise Farag, President of Salvia Group said “Argos Wityu has been an active partner at all the steps of our common path, starting with our accession to independence from the Sage Group, and has demonstrated a real knowledge of the challenges and specific nature of our business. I have been very pleased with this partnership and the confidence they have shown in us for more than six years. This new step with Total Specific Solutions will allow us to contribute to TSS’ French expansion, especially in the Public sector.”

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