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Announced

Completed

General Atlantic completed a €150m investment in Odoo.

Financials

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Transaction Value£128m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Minority

Completed

Single Bidder

Software

software

Belgium

project management

Acquisition

Private

Private Equity

Friendly

Synopsis

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General Atlantic, a growth equity firm, completed a €150m ($163m) investment in Odoo, a provider of open-source integrated business software applications. “We are proud of what Odoo has accomplished. We already offer a full spectrum of software applications to meet the unique needs of small and mid-sized businesses, and are constantly innovating beyond this. General Atlantic’s partnership, including the firm’s global platform and software experience, will be impactful as we focus on sustained, strategic growth worldwide," Fabien Pinckaers, Odoo Founder and CEO.

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