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New Deal


Announced

Completed

Advent International led a $220m Series D round in Shift Technology.

Financials

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Transaction Value£158m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Single Bidder

Friendly

Completed

Private

France

Acquisition

Minority

software development

Software

Private Equity

software-as-a-service

Venture Capital

Synopsis

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Advent International led a $220m Series D round in Shift Technology, a SaaS provider of artificial intelligence-driven decision automation and optimization solutions, with participation from Bpifrance, Avenir, Accel, Bessemer Venture Partners, General Catalyst and Iris Capital. "Since its founding in 2014, Shift has made a name for itself in the complex world of insurance. Shift’s advanced suite of SaaS products is helping insurers to reshape manual and often time-consuming claims processes in a safer and more automated way. We are proud to be part of this exciting company’s next wave of growth," Thomas Weisman, Advent Director.

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