Bregal's SHD buys Pragma majority stake

Pragma was formerly jointly owned by founders Philippe and Bernard Laudrin.

Bregal bought a majority stake of 67.55% in SHD in June 2017, taking over from Elvaston Capital as the majority shareholder in the business. SEB Acquisition Finance provided senior debt financing for the transaction. SHD reported revenues of €45m and employed 462 people at the time of the acquisition.

Bregal makes investments of €30-150m for majority and minority stakes in Germany-based companies with EBITDA of €5-30m. The GP declined to comment.

Company
Founded in 1990 and based in Montigny le Bretonneux, Pragma produces software for the furniture and interior design industries, providing services including KirchenDraw and InSitu. The company's software has a user base of 100,000 globally.

The business employs 30 staff and also works with 40 additional contractors. It was founded in 1990 and reports more than €4m in annual turnover, according to its website.

People
Pragma Informatique – Philippe Laudrin (managing director).

Advisers
Acquirer – Ebner Stolz (legal); Sefico Nexia (corporate finance).

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• Topics
• Portfolio management
• DACH
• Technology
• Build-up
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• Bregal Investments