Private equity firm KKR has agreed to buy a minority stake in French software and computing services company Cegid in a deal that the companies said gives Cegid an enterprise value of $6.7bn.
Investment firm Silver Lake will remain Cegid’s majority shareholder.
Cegid, founded in 1983 and headquartered in Lyon, registered turnover of €498m in 2020.
“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,” KKR executives Jean-Pierre Saad and Jerome Nomme said in a joint statement.
Source: Reuters
Can’t stop reading? Read more
AURELIUS exits LSG Asia-Pacific after operational turnaround and margin expansion
AURELIUS exits LSG Asia-Pacific after operational turnaround and margin expansion AURELIUS has...
Ares lands $9.8bn for flagship opportunistic credit strategy
Ares lands $9.8bn for flagship opportunistic credit strategy Ares has raised more than $9.8bn for...
CVC DIF appoints Enrico Del Prete to scale $25bn value-add platform
CVC DIF appoints Enrico Del Prete to scale $25bn value-add platform CVC DIF has appointed Enrico...