France’s Cegid and Silae to merge in €10 billion software deal
The combined group is expected to generate about €1.6 billion in annual revenue and will keep Silver Lake as majority shareholder.
- On Wednesday, California-based Silver Lake announced its intent to merge two French software firms, Cegid and Silae, in a transaction valued at more than 10 billion euros .
- Christian Lucas, Managing Partner at California-based Silver Lake, will serve as chairman of the combined group, while Christian Pedersen, newly appointed CEO of Cegid, will lead the entity as chief executive.
- The combined companies expect annual revenue of 1.6 billion euros and will assemble a 1,400-person developer team to serve 2 million end-customers and more than 15,000 chartered accountancy firms across Europe.
- Lucas said the group aims to offer "a unique end-to-end suite of software and AI-powered products serving the SMBs and their professional advisors who are the dynamic heart and soul of the European economy."
- Subject to regulatory approval, the transaction is expected to close in the first half of 2027, pending completion of two required regulatory requirements before the deal can finalize.
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Silver Lake to merge Cegid and Silae in $11.6 billion software deal as AI reshapes SaaS - Tech Startups
Silver Lake is merging two of Europe’s largest business software companies in an $11.6 billion deal, as AI forces the software industry to rethink what scale looks like. CNBC first reported the deal. The private equity firm plans to merge […] The post Silver Lake to merge Cegid and Silae in $11.6 billion software deal as AI reshapes SaaS first appeared on Tech Startups.
Silver Lake merges Cegid and Silae in a €10bn deal
Silver Lake is merging two companies it already owns. Cegid and Silae are both French. Both are majority-owned by the American private equity firm. On Wednesday they announced their intention to merge. The deal is expected to value the combined group at more than €10bn in enterprise value. Silver Lake will remain the majority shareholder. […] This story continues at The Next Web
The two companies will become responsible, if the business takes place, for the accounting, taxation, finance and salary processing of two million final customers and more than 15,000 accounting offices, as well as issuing more than 15 million maturity receipts throughout Europe every month.
France’s Cegid and Silae to merge in €10 billion software deal
Sept 9 (Reuters) - French business software provider Cegid and payroll platform Silae said on Wednesday they were planning to merge to create a European technology group valued at more than €10 billion ($11.6 billion). Private equity firm Silver...
Owned by Silver Lake, the companies Cegid and Silae will merge into a single company, estimated at over €10 billion. The aim is to create a new European software giant. Christian Pedersen, head of the new Silver Lake group, which has held the companies Cegid and Silae for several years, has just announced [...]
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