logo
  

KKR To Acquire Minority Stake In Cegid For Enterprise Value Of EUR 5.5 Bln

KKR & Co. Inc. (KKR) agreed to acquire a minority stake in Cegid, a provider of business management software solutions, at an enterprise value of 5.5 billion euros.

Silver Lake will remain the majority shareholder and is committed to continuing to support Cegid's growth strategy driven by the management team over the several coming years, in partnership with KKR and existing shareholder AltaOne.

The transaction is anticipated to close by the end of the third quarter. Further terms of the investment are not being disclosed at this time.

Founded in 1983 and headquartered in Lyon, France, Cegid is a provider of enterprise software, offering functional (HCM, Finance and Tax), as well as vertical (CPA & SMB, Retail) cloud-based solutions.Cegid provides cloud-based solutions to over 350,000 companies and 4.5 million users across the globe.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Sturtevant, Wisconsin-based BRP U.S. Inc. is recalling around 20 models of Side-by-Side vehicles citing fire risk, the U.S. Consumer Product Safety Commission. The recall involves about 34,400 units of Model Years 2020 and 2021 Can-AM Defender HD10 side-by-side vehicles. While reporting financial results for the second quarter on Friday, technology company Honeywell international Inc. (HON) raised its adjusted earnings and sales guidance for the full-year 2021, based on the second-quarter performance and management's outlook for the remainder of the year. For fiscal... Shares of Vodafone Group Plc were gaining around 2 percent in the morning trading in London after the British telecom major reported higher revenues in its first quarter. Looking ahead, the company said it is on track to deliver fiscal year 2022 guidance, with Adjusted EBITDAaL expected to be between 15.0 billion euros - 15.4 billion euros and Adjusted free cash flow of at least 5.2 billion euros
Follow RTT