Cegid Acquires Shine to Create a Unified AI-Driven Financial Platform for SMBs and Accountants

December 1, 2025

Cegid has completed its acquisition of Shine, a European fintech unicorn providing electronic invoicing, accounting, business accounts, payroll, and related payment solutions for small and medium-sized businesses. The combined company will create a fully integrated, cloud-native, AI-driven financial hub for SMBs and accounting professionals across multiple European markets.

Buyers
Cegid
Targets
Shine
Sellers
Investcorp Technology Partners (mentioned via Gilbert Kamieniecky)
Industry
Cloud & SaaS
Location
France
Transaction Type
Buyout

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