M&A Deal Summary

Cegid Acquires Primavera

On July 26, 2022, Cegid acquired software company Primavera from Oakley Capital

Acquisition Highlights
  • This is Cegid’s 12th transaction in the Software sector.
  • This is Cegid’s 1st transaction in Spain.

M&A Deal Summary

Date 2022-07-26
Target Primavera
Sector Software
Buyer(s) Cegid
Sellers(s) Oakley Capital
Deal Type Add-on Acquisition

Target

Primavera

Madrid, Spain
Primavera is an independent business software platform in the Iberian market that offers a wide range of cloud-based software solutions covering invoicing, accounting, payroll, and Enterprise Resources Planning Software (ERP). These offerings serve a broad spectrum of customer sizes with a focus on entrepreneurs, SMB, and mid-market segments across Spain, Portugal, and Africa, together with a strong footprint in accountants. Primavera is based in Madrid, Spain.

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Buyer(S) 1

Buyer

Cegid

Lyon, France

Category Company
Founded 1983
Sector Software
Employees2,256
Revenue 282M EUR (2015)
DESCRIPTION

Cegid is a software company that serves the needs of companies and organizations of all sizes in the areas of managing financial and tax, human resources and business solutions to the manufacturing, trade, services, retail, hotel and catering, accounting, TPE and public sectors. Cegid was formed in 1983 and is based in Lyon, France.


DEAL STATS #
Overall 14 of 15
Sector: Software M&A 12 of 13
Type: Add-on Acquisition M&A Deals 12 of 13
Country: Spain M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-12 Talentsoft

Boulogne-Billancourt, France

Talentsoft is a cloud-native Human Capital Management (HCM) software with 2,200 customers active in 130 countries. Talentsoft leverages an open HCM platform with powerful talent management, learning, and core HR capabilities to enhance the employee experience while adjusting to cultural, linguistic, and regulatory requirements of HR management across Europe. Led by its co-founders, the company currently employs more than 600 staff in 15 offices. Talentsoft was formed in 2007 and is based in Boulogne-Billancourt, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-11-26 Shine

Copenhagen, Denmark

Shine is a fintech/digital-banking platform that offers banking, invoicing, accounting, expense tracking, and administrative tools aimed at freelancers, small businesses, and entrepreneurs. Its services include managing business finances, sending invoices, tracking expenses and receipts via mobile, VAT/tax support (in relevant markets), and real-time financial reports all in a unified, mobile-friendly interface. Shine was founded in 2012 and is headquartered in Copenhagen, Denmark.

Buy -

Seller(S) 1

SELLER

Oakley Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
PE ASSETS 15.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Oakley Capital is a mid-market, generalist private equity firm focused on investing in opportunities across Europe. Oakley targets a variety of investment situations, including traditional buyouts, take privates, growth capital financings, secondary buyouts, and turnarounds. Oakley prefers controlling situations and seeks businesses valued between €100 million and €1 billion. Oakley Capital was formed in 2002 and is based in London.


DEAL STATS #
Overall 18 of 24
Sector: Software M&A 2 of 2
Type: Add-on Acquisition M&A Deals 5 of 8
Country: Spain M&A 2 of 4
Year: 2022 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-22 Facile.it

Milan, Italy

Facile.it is an online destination for consumers to compare prices for motor insurance, energy, telecoms, and personal finance products. Facile.it was founded in 2008 and is based in Milan, Italy.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-25 Affinitas Education

Buckinghamshire, United Kingdom

Affinitas Education is a global K12 schools group that comprises nine premium, private schools with a combined >8,500 students. Affinitas Education is based in Buckinghamshire, United Kingdom.

Buy -