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New Deal


Announced

Summit Partners to invest $90m in Odoo.

Financials

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Transaction Value£67m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Private

Pending

Software

Acquisition

Private Equity

Minority

Friendly

Belgium

software

Synopsis

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Summit Partners, a global alternative investment firm, agreed to invest $90m in Odoo, an all-in-one business software provider. “In our experience, traditional ERP is expensive and frequently fails to adapt to the unique needs of dynamic businesses. With its flexible suite of applications and a relentless focus on product, we believe Odoo is ideally positioned to capture this large and compelling market opportunity,” Antony Clavel, Summit Partners Principal, Odoo Member of the Board.

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