M&A Deal Summary

Cegid Acquires Shine

On November 26, 2025, Cegid acquired software company Shine

Acquisition Highlights
  • This is Cegid’s 13th transaction in the Software sector.
  • This is Cegid’s 1st transaction in Denmark.

M&A Deal Summary

Date 2025-11-26
Target Shine
Sector Software
Buyer(s) Cegid
Deal Type Add-on Acquisition

Target

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.

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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 15 of 15
Sector: Software M&A 13 of 13
Type: Add-on Acquisition M&A Deals 13 of 13
Country: Denmark M&A 1 of 1
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-26 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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