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New Deal


Announced

Vitruvian Partners and Lead Edge Capital to acquire a majority stake in Azul Systems for $340m.

Financials

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Transaction Value£265m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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software solutions

software

United States

Private Equity

Friendly

Software

Majority

Pending

java virtual machine

Acquisition

Private

Single Bidder

Domestic

Synopsis

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Private equity firms Vitruvian Partners and Lead Edge Capital are set to acquire a majority stake in Azul Systems, a software services provider for $340m. “We’re extremely proud of the company we’ve built and the culture of excellence we’ve created. This partnership with Vitruvian will help fuel our growth initiatives and enable us to catapult Azul to a new level of presence in the community and the market overall,” Scott Sellers, Azul Systems co-founder, President and CEO.

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