Cegid Acquires Shine to Build a Unified European SMB Financial Platform

Ageras Acquires French Business Banking Platform Shine from Société Générale

December 11, 2024

Payments & Fintech

Danish fintech Ageras has completed its acquisition of French business banking platform Shine from Société Générale after receiving final approval from the French regulator ACPR. The deal gives Ageras a payment institution license and expands its footprint in France, enabling plans to integrate Shine's banking capabilities into Ageras' pan‑European offering.

Cegid to Combine With Grupo Primavera in All-Share Deal

July 26, 2022

Cloud & SaaS

Cegid has entered into a definitive all-share agreement to combine with Grupo Primavera, a leading cloud business management software platform in the Iberia region, valuing the combined company at approximately €6.8 billion. Silver Lake will remain the majority shareholder, while Oakley Capital will roll equity and join KKR and AltaOne as minority shareholders.

Headspace Health Acquires Shine App

September 8, 2022

Healthcare Services

Headspace Health has acquired the Shine app, a leading inclusive mental health and wellbeing platform. Shine's co-founders and team will join Headspace Health and select Shine content and product experiences will be integrated into Headspace's consumer and enterprise offerings; terms were not disclosed.

Ciphr Acquires Shape Payroll

June 3, 2024

Cloud & SaaS

Reading-based HR software group Ciphr has acquired Shape, a cloud-based, API-first payroll platform used by around 1,500 UK businesses. The deal (Ciphr is backed by ECI Partners) is intended to accelerate Ciphr’s payroll technology development and strengthen its payroll proposition for medium and large organisations.

LeaseQuery Acquires Stackshine

August 8, 2023

Cloud & SaaS

LeaseQuery has acquired Stackshine, a Y Combinator‑backed SaaS spend management platform founded in 2019, to expand its product offering beyond lease accounting into SaaS operations and spend optimization. The deal will allow LeaseQuery customers to centralize visibility into two major cost areas—leases and SaaS subscriptions—helping finance and IT teams identify waste and reduce unnecessary spend.

Cloud Equity Group Forms Brightworks IT to Consolidate Regional MSPs

April 26, 2022

IT Services

Cloud Equity Group (CEG) announced the formation of Brightworks IT, a PE-backed platform to consolidate the fragmented managed service provider market. Brightworks IT’s first four partner companies — Data Network Services, Integrated Enterprise Solutions, Information Systems Division, and Datacom Specialists — will continue to operate under their existing leadership and names while sharing resources, co-branding, and centralized operations to accelerate growth across the United States.