M&A Deal Summary

Primavera Acquires Ekon

On June 22, 2021, Primavera acquired software company Ekon from Oakley Capital

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

M&A Deal Summary

Date 2021-06-22
Target Ekon
Sector Software
Buyer(s) Primavera
Sellers(s) Oakley Capital
Deal Type Merger

Target

Ekon

Madrid, Spain
Ekon provides Enterprise Resource Planning (“ERP”) software to over 1,000 SMEs in Spain. Ekon is based in Madrid, Spain.

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Buyer(S) 1

Buyer

Primavera

Madrid, Spain

Category Company
Sector Software
Revenue 76M EUR (2021)
DESCRIPTION

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.


DEAL STATS #
Overall 2 of 2
Sector: Software M&A 1 of 1
Type: Merger M&A Deals 2 of 2
Country: Spain M&A 1 of 1
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-22 Primavera

Braga, Portugal

Primavera provides ERP and cloud business software solutions to over 32,000 Small and Medium-sized Enterprises (“SMEs”) across Portugal and Portuguese-speaking Africa. Primavera was formed in 1993 and is based in Braga, Portugal.

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 15 of 24
Sector: Software M&A 1 of 2
Type: Merger M&A Deals 1 of 1
Country: Spain M&A 1 of 4
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-22 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-28 ACE Education

Paris, France

ACE Education is a diversified higher education group with over 30 campuses in France and abroad and over 5,000 students. ACE Education is based in Paris, France.

Buy -