Time for Growth invests €10m in Oslo
Time for Growth has acquired a minority stake in Oslo, a France-based management software publisher, investing €10m.
Time for Growth is financed by Five Arrows Secondary Opportunity, a subsidiary of Rothschild & Co.
Oslo has recently acquired domestic peers Pygram and Datronic, according to French sector-specialised news channels.
Time for Growth recently exited its stake in German online optician Brille24 to Essilor, a France-listed eyewear group.
Company
Oslo simplifies the digital transition of companies by supporting them through their IT value chain with a range of software and services dedicated to their business. In 2018, the business rebranded to Oslo from Emplio.
Based in Villeneuve-D'ascq, IT employs 280 staff and generates €30m turnover.
People
Oslo – Pierre-Olivier Thomas (CEO); Antoine Glangetas (founder).
Advisers
Company – Sodica (corporate finance); Cabinet Theret (legal); KPMG (financial due diligence); Exelmans (financial due diligence).
Equity – Chammas & Marcheteau (legal); Bonna Auzas (legal); KPMG (financial due diligence).
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