Cegid to Combine With Grupo Primavera
July 26, 2022
French cloud-management software provider Cegid has entered into a definitive all-share agreement to combine with Iberian business-software platform Grupo Primavera, creating an enlarged cloud business-management leader in Iberia with a pro forma regional revenue of over €150 million and a combined valuation of approximately €6.8 billion. Silver Lake will remain the majority shareholder of the combined company while Oakley Capital rolls its Grupo Primavera stake into Cegid and will join KKR and AltaOne as minority shareholders; Grupo Primavera brings ~800 employees, 165,000 paying customers and €76 million revenue in 2021.
- Buyers
- Cegid, Silver Lake, Oakley Capital, KKR, AltaOne Capital LLP
- Targets
- Grupo Primavera
- Industry
- Cloud & SaaS
- Location
- Spain
- Transaction Type
- Buyout
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