French order-to-cash platform Sidetrade SA (ALBFR.PA) Monday said that it has signed binding agreements to acquire 100 percent of the share capital of EzyCollect, a provider of Order-to-Cash or O2C management solutions for small and mid-sized businesses in Australia and New Zealand.
Founded in 2014 in Sydney, EzyCollect is an important SaaS player in the mid-market segment, with a customer base of more than 1,100 companies and collectively managing A$19 billion in B2B receivables.
The company said that the transaction, which covers the entirety of EzyCollect's share capital, is its largest acquisition to date in both scale and value. The deal is valued at approximately 37 million euros, inclusive of an initial payment upon closing and a potential earn-out linked to revenue growth through fiscal 2028.
Sidetrade said that to finance the cash component of the acquisition, it will utilize a mix of its existing cash reserves and a 25 million euros long-term bank loan facility, secured via hedging instruments. The acquisition is expected to close within the next few weeks, subject to customary closing conditions.
Following the completion, EzyCollect's integration into Sidetrade will take effect retroactively from October 1.
Commenting on the deal, Olivier Novasque, Sidetrade's founder and CEO, said, "With ezyCollect, Sidetrade has now all the assets required to achieve its global ambitions. This proposed acquisition opens immediate access to Asia-Pacific, one of the world's most dynamic economic regions, while enhancing our ability to support the subsidiaries of our multinational clients operating in the area. Beyond geographic expansion, ezyCollect's SMB total addressable market is huge and represents a tremendous opportunity for Sidetrade's agentic AI."
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