M&A Deal Summary

Edenred Acquires Corporate Spending

On November 8, 2018, Edenred acquired software company Corporate Spending from CapStone Holdings for 620M USD

Acquisition Highlights
  • This is Edenred’s 2nd transaction in the Software sector.
  • This is Edenred’s 2nd largest (disclosed) transaction.
  • This is Edenred’s 1st transaction in the United States.
  • This is Edenred’s 1st transaction in Florida.

M&A Deal Summary
Date 2018-11-08
Target Corporate Spending
Sector Software
Buyer(s) Edenred
Sellers(s) CapStone Holdings
Deal Type Add-on Acquisition
Deal Value 620M USD

Target

Corporate Spending

Bonita Springs, Florida, United States
Corporate Spending is a provider of automated corporate payment software in North America. Capitalizing on its best-in-class, cloud-based accounts payable software, the company automates and streamlines B2B payments for its portfolio of more than 800 corporate clients, thereby facilitating payment to their 475,000 vendors. Corporate Spending was founded in 1989 and is headquartered in Bonita Springs, Florida.

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Buyer(S) 1

Buyer

Edenred

Issy-les-Moulineaux, France
Category Company
Founded 1954
Sector Business Services
Employees11,008
Revenue 2.5B EUR (2023)
DESCRIPTION

Edenred is engaged in prepaid corporate services, designs and manages solutions that improve the efficiency of organizations and purchasing power to individuals. Edenred was founded in 1954 and is based in Issy-les-Moulineaux, France.

DEAL STATS #
Overall 13 of 19
Sector (Software) 2 of 2
Type (Add-on Acquisition) 8 of 13
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-25 ProwebCE

Levallois, France

ProwebCE offers a comprehensive range of solutions for works councils, which includes management and accounting software and an e-commerce platform that enables employees to use the funds allocated to them to purchase culture and leisure-related goods and services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-30 BenefitOnline.ro

București, Romania

BenefitOnline.ro is a pioneer in developing employee engagement platforms in Romania. Benefit Online was the first company to locally develop an employee engagement platform, and today has more than 100,000 active users. BenefitOnline.ro uses the digital platform to give their employees the possibility to make an individualized selection of the employee benefits that they would like to receive, notably in the areas of food, leisure, and healthcare.

Buy -

Seller(S) 1

SELLER

CapStone Holdings

Investor Investor Investor Investor Investor

Category Family Office
Founded 2016
Size Small
Type Sector Agnostic
DESCRIPTION

CapStone Holdings is a family office structured holding company that provides strategic investment capital to support new, highly innovative technologies and assist in developing breakthrough technologies for global corporate businesses. CapStone Holdings was founded in 2016 and is headquartered in Bonita Springs, Florida.

DEAL STATS #
Overall 1 of 2
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 2
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-03 City Foundry STL

St. Louis, Missouri, United States

City Foundry STL is a dynamic food-retail-entertainment-office project set to open this summer in the heart of downtown St. Louis. City Foundry STL is based in St. Louis, Missouri.

Buy -
Mergr

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