Advent International Acquires Majority Stake in Siesa

December 2, 2024

Advent International has acquired a majority stake in Siesa, the largest independent ERP provider in Colombia, from Siesint Holdings and former Siesa employees. The co-founder will remain a minority shareholder; Advent said it will support Siesa's next growth phase by investing in product innovation and expanding its offering across retail, hospitality and other industries.

Targets
Siesa
Sellers
Siesint Holdings, Former Siesa employees
Industry
Software
Location
Valle del Cauca, Colombia
Transaction Type
Buyout

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