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

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.