PSG Equity Acquires Majority Stake in Diapason; Apax's ADF II Reinvests

Seven2 Acquires Majority Stake in Olifan Group

November 25, 2024

Wealth Management

Seven2 has signed an agreement to acquire a majority stake in Olifan Group, a French independent wealth management firm, investing via its Apax Development Fund II (ADF II). The transaction, which facilitates the exit of minority investor BlackFin Capital Partners and involves management reinvestment, will support Olifan's organic growth and an accelerated external growth (buy-and-build) strategy to consolidate the French wealth management market.

PSG Leads $65M Growth Investment in Adeptia

March 22, 2023

Cloud & SaaS

PSG led a $65 million strategic growth investment in Adeptia, a Chicago-based B2B data integration software company. The capital will be used to accelerate product innovation, customer success and market adoption; Adeptia also appointed PSG Senior Advisor Vance Loiselle as CEO and Paul Moriarity as CRO as part of the new chapter.

PSG Equity Makes €24M Growth Investment in N2F

March 6, 2023

Cloud & SaaS

N2F, a French provider of expense management SaaS, raised a €24 million strategic growth investment from PSG Equity to accelerate its European and international expansion, hire ~200 employees over five years, and develop new products. PSG will provide strategic, operational and financial support to help N2F scale across Europe and North America.

Apax and Bpifrance Take Minority Stake in Pandat Finance

September 12, 2022

Financial Services

Apax (via its Apax Development fund) and Bpifrance acquired a minority stake in Pandat Finance, the leading French broker for cash investments, while founders David Guyot and Thomas Forest retain control. The investment will support Pandat Finance's growth plans — including hiring ~60 employees, expanding product expertise and opening new offices in France and neighbouring countries.

Apax Partners Development Acquires Majority Stake in DIAPASON

November 20, 2020

Software

Apax Partners Development has taken a majority stake in DIAPASON, a France-based treasury, payments and risk management software provider. Apax will support DIAPASON's growth—targeting larger corporates and the mid-market, international expansion, and add-on acquisitions—while founder Pascal Kravitzch and the management team remain significant investors.

Providence Strategic Growth Acquires Majority Stake in Sympa

August 25, 2020

Cloud & SaaS

Providence Strategic Growth (PSG), the growth equity affiliate of Providence Equity Partners, completed a majority investment in Sympa, a Nordic cloud-based human capital management (HCM) software provider. Alfvén & Didrikson will retain a minority stake alongside Sympa's founding team; proceeds will support product innovation, strategic M&A and international expansion across Europe.