KKR to acquire a minority stake in Silver Lake-backed Cegid at $6.7bn valuation.

KKR agreed to acquire a minority stake in Silver Lake-backed Cegid, a provider of business management software solutions, at $6.7bn valuation. "We are excited to be part of Cegid’s journey going forward. We have followed the company for many years and have been impressed by the growth that Pascal and his team have achieved, transforming Cegid into a pan-European software leader. Today’s investment reflects our continued strategic focus on investing in leading European software businesses and on backing French tech champions in their growth journeys," Jean-Pierre Saad, KKR Head of EMEA Technology.