M&A Deal Summary

Advent International Acquires Leetchi

On April 6, 2022, private equity firm Advent International acquired internet software and services company Leetchi from Crédit Mutuel Arkéa

Acquisition Highlights
  • This is Advent International’s 13th transaction in the Internet Software and Services sector.
  • This is Advent International’s 14th transaction in France.

M&A Deal Summary

Date 2022-04-06
Target Leetchi
Sector Internet Software and Services
Buyer(s) Advent International
Sellers(s) Crédit Mutuel Arkéa
Deal Type Divestiture

Target

Leetchi

Paris, France
Leetchi is a donation-based crowdfunding platform that allows easily collect and organization of money for group payments for birthdays, farewell presents, weekends away with friends, charity associations, stag parties, hen nights, and splitting bills. Leetchi was founded in 2009 and is based in Paris, France.

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Buyer(S) 1

Buyer

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 91.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 317 of 353
Sector: Internet Software and Services M&A 13 of 14
Type: Divestiture M&A Deals 32 of 35
Country: France M&A 14 of 17
Year: 2022 M&A 4 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-06 Mangopay

Luxembourg, Luxembourg

Mangopay provides end-to-end payments solutions to marketplaces and platforms leveraging a differentiated e-wallet environment. Mangopay was founded in 2013 and is based in Luxembourg, Luxembourg.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-11 IRCA

Gallarate, Italy

IRCA is a manufacturer of ingredients and food products for pastry-making, baking and ice-cream retailing. IRCA was established in 1919 and is based in Gallarate, Italy.

Buy -

Seller(S) 1

SELLER

Crédit Mutuel Arkéa

Le Relecq-Kerhuon, France

Category Company
Founded 1960
Sector Financial Services
Employees8,494
DESCRIPTION

Crédit Mutuel Arkéa, a regional cooperative bank, provides banking services and products for individuals and commercials.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: France M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-22 Leetchi

Paris, France

Leetchi is a donation-based crowdfunding platform that allows easily collect and organization of money for group payments for birthdays, farewell presents, weekends away with friends, charity associations, stag parties, hen nights, and splitting bills. Leetchi was founded in 2009 and is based in Paris, France.

Buy -