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Announced

The Sage Group to acquire the remaining 83% stake in Brightpearl for $299m.

Financials

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Transaction Value£225m
Consideration TypeCash
Capital Owned17%
Capital Bid For83%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Software

Majority

Pending

Private

Acquisition

United States

software developer

Friendly

Cross Border

Single Bidder

Synopsis

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The Sage Group, a software services company, agreed to acquire the remaining 83% stake in Brightpearl, a software developer, for $299m. “Sage’s purpose is to knock down barriers so everyone can thrive. Together, Sage and Brightpearl will remove the barriers that hold back retailers and wholesalers, streamlining their systems and enabling them to focus on growth. I’m delighted to welcome Brightpearl, its management team and colleagues to Sage, and look forward to executing on our strategic priorities together and delivering accelerated growth," Steve Hare, Sage CEO.

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