Cegid to Combine with Spanish Business Management Software Firm Grupo Primavera.

MANews-(C)2009-2022

France-based business management software provider Cegid, with solutions for finance (treasury, tax, ERP), human resources (payroll, talent management), CPAs, retail and entrepreneurial sectors, has entered into a definitive agreement to merge with Iberia region cloud business management software platform provider Grupo Primavera, the company said.

The all-share transaction creates a strong business management software provider in Iberia and accelerates Cegid's international expansion, valuing the combined company at approximately EUR 6.8bn.

The combination of Cegid and Grupo Primavera underscores Cegid's position as a strong provider of cloud-based management solutions.

Building on Cegid's Retail and Tax offerings in Iberia that were augmented significantly with leading Human Resources solutions by the acquisition of Meta4 in 2019 and the more recent acquisition of VisualTime, the addition of Grupo Primavera firmly establishes Cegid's leadership in Iberia and offers exciting expansion opportunities for Grupo Primavera through Cegid's presence in Latin America.

Upon close, Silver Lake, a specialist in technology investing, will remain the majority shareholder of the combined company.

Oakley Capital, which created Grupo Primavera through a series of twelve acquisitions and is its majority shareholder, will join KKR (NYSE: KKR) and AltaOne as minority shareholders in Cegid.

Together, these shareholders will partner with Cegid CEO Pascal Houillon, Grupo Primavera CEO Santiago Solanas, and the rest of the management team in Cegid's next phase of growth.

Grupo Primavera started its journey in 2019 when Oakley acquired Ekon as a standalone platform and partnered with a top management team, led by Santiago...

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