Advent-backed TSG to acquire Stadline.

Advent-backed TSG, a provider of business management software, integrated payments, and value-added services, agreed to acquire Stadline, a French management software provider, dedicated to the sport and fitness industry. Financial terms were not disclosed. "We believe the combination of Stadline and TSG will further reinforce the market-leader position of Stadline in France, leveraging TSG's expertise in payments and value-added services to build a compelling integrated offering for clients. In addition, this combination will drive international expansion in markets where Stadline has already gained a foothold, notably starting in Spain. We are excited to join forces and welcome Frederic, Pascal and Jerome, a team of passionate entrepreneurs, in the TSG family," Floris de Kort, TSG CEO.