M&A Deal Summary

TA Associates and Francisco Partners Acquire Orisha

On February 2, 2021, private equity firms TA Associates and Francisco Partners acquired software company Orisha from 21 Invest and Amundi Private Equity

Acquisition Highlights
  • This is TA Associates’ 69th and Francisco Partners’ 45th transaction in the Software sector.
  • This is TA Associates’ 10th and Francisco Partners’ 2nd transaction in France.

M&A Deal Summary

Date 2021-02-02
Target Orisha
Sector Software
Buyer(s) TA Associates
Francisco Partners
Sellers(s) 21 Invest
Amundi Private Equity
Deal Type Secondary Buyout

Target

Orisha

Paris, France
Orisha is a B2B software company focused on acquiring and growing highly-verticalized ERP and PoS software vendors. The Group addresses more than 30 vertical sectors, including health, insurance, retail, trading, real estate and tourism. Orisha provides a number of centralized/corporate resources, including financial, marketing and HR support, and promotes the implementation and sharing of best practices in product development, lead generation, sales execution and customer service. Orisha was formed in 2003 and is based in Paris, France.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 2

Buyer

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 318 of 374
Sector: Software M&A 69 of 89
Type: Secondary Buyout M&A Deals 53 of 74
Country: France M&A 10 of 12
Year: 2021 M&A 4 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-20 ITRS Group

London, United Kingdom

ITRS Group is an international software vendor to the financial services sector, offering real-time monitoring and analytics software. The company provides solutions to transform masses of business and machine data into actionable insights, supporting better systems and business performance. ITRS serves more than 170 global clients, including 9 out of the top 10 investment banks, as well as exchanges and trading venues, hedge funds, and brokers and vendors. ITRS Group was founded in 1997 and is based in London, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-15 IGEL

Bremen, Germany

IGEL provides an edge OS for cloud workspaces. IGEL’s Linux-based OS supports endpoint devices at businesses leveraging virtual desktop or desktop-as-a-service infrastructure. The company’s broader suite of solutions provides centralized management and remote connectivity capabilities for devices running IGEL OS. IGEL was founded in 2001 and is based in Bremen, Germany.

Buy -
Buyer

Francisco Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 45.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Francisco Partners' headquarters in San Francisco, California.
Francisco Partners' headquarters in San Francisco, California.

Francisco Partners is a private equity firm focused exclusively on investments in technology and technology-enabled services. Specific areas of interest include semiconductors, capital equipment, electronics components, systems and manufacturing, IT services and business process outsourcing, communications, security and enterprise applications, and infrastructure software. Prospective investment situations include divisional buyouts, growth equity financings, acquisitions of private companies, sponsored mergers and acquisitions, and take-privates. Francisco Partners looks for opportunities where it can commit a minimum of $100 million per investment. Francisco Partners was formed in 1999 and is based in San Francisco, California.


DEAL STATS #
Overall 119 of 160
Sector: Software M&A 45 of 53
Type: Secondary Buyout M&A Deals 19 of 29
Country: France M&A 2 of 2
Year: 2021 M&A 2 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-20 Native Instruments

Berlin,, Germany

Native Instruments is regarded as one of the spearheads of the democratization of music production, as it enables creatives to produce their music without the large set-up costs associated with traditional music studios. Music professionals all around the globe have been relying on the company’s comprehensive music instrument library and high-quality software tools to support their music creation process, with an estimated 8 out of 10 tracks in the Billboard top 10 using Native Instruments technology. Native Instruments was founded in 1996 and is based in Berlin, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-05 E2open

Austin, Texas, United States

E2open is a provider of cloud-based, on-demand software solutions enabling enterprises to procure, manufacture, sell, and distribute products more efficiently through collaborative planning and execution across global trading networks. E2open was founded in 2000 and is based in Austin, Texas.

Buy -

Seller(S) 2

SELLER

21 Invest

Treviso, Italy

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 1.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

21 Invest is a private equity firm that targets investments in growth-oriented, middle-market Italian, French, and Polish companies operating in a variety of industries. The Firm invests in French businesses through 21 Centrale Partners, Italian companies through 21 Partners SGR, and Polish companies through 21 Concordia. The Firm targets transactions requiring at least €10 million of capital typically in the form of development capital for growth companies, buyout capital for managers, or replacement capital for companies facing succession issues or needing shareholder liquidity. 21 Invest was founded in 1992 and is based in Treviso, Italy.


DEAL STATS #
Overall 35 of 45
Sector: Software M&A 2 of 2
Type: Secondary Buyout M&A Deals 20 of 26
Country: France M&A 16 of 22
Year: 2021 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Woonoz

Lyon, France

Woonoz is an independent player in training and certification for French literacy. It delivers tailor-made training courses for all categories of learners using in-house artificial intelligence tool named “Ancrage Mémoriel (Memory Anchoring).” Woonoz was founded in 2005 and is based in Lyon, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-04 Skill & You

Montrouge, France

Skill & You is a vocational e-learning provider with 120,000 students and 850 employees and has established itself as a market leader in France and Spain. The Group’s unrivaled portfolio of 220 courses largely lead to state diplomas and cover a wide range of professional fields (healthcare, childcare, animal health, IT & digital, accounting and administration, public service, and construction, among others). As a member of the EdTech France association, Skill & You also plays a major role in fostering the development of e-learning in France. Skill & You is based in Montrouge, France.

Sell -
SELLER
DESCRIPTION

Amundi Private Equity is the direct, private equity investment arm of asset manager Amundi. The Group looks to invest €10 to €50 million in growth companies generating up to €1.5 billion in sales. Amundi Private Equity principally looks to acquire stakes in French companies, but will consider broader Western Europe as well. Sectors of interest include financial services, healthcare, materials, consumer products, energy, information technology, and communications. Amundi Private Equity is based in Paris, France.


DEAL STATS #
Overall 3 of 6
Sector: Software M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 4
Country: France M&A 3 of 6
Year: 2021 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-04 Ekoï

Fréjus, France

Ekoï is an online retailer of equipment for cyclists and triathletes. Ekoï was founded in 2001 and is based in Fréjus, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-19 Cogepart International

Marseille, France

Cogepart International is a provider of shipping and delivery services. The company specializes in the very demanding segment of the delivery of aftermarket automotive and marine parts. Cogepart International was founded in 1986 and is based in Marseille, France.

Buy -