KKR backs Silver Lake's Cegid in €5.5bn deal

The GP is deploying capital via its Core Investments strategy, which raised $8.5bn in 2018 and is dedicated to longer-term opportunities.

Following the deal, Silver Lake will remain the majority shareholder in the company, in partnership with KKR and existing shareholder AltaOne.

Silver Lake and AltaOne Capital took Cegid private in 2016, in a deal valuing the company at around €580m.

Under the GPs' ownership, the company has extended its market position and experienced double-digit revenue and earnings growth, while increasing investments in next-generation cloud products and pursuing strategic acquisitions, according to a KKR statement. Cegid bolted on VC-backed Talentsoft, a Paris-based HR software company, in April 2021.

Company
Founded in 1983 and headquartered in Lyon, Cegid provides enterprise management software and cloud services to around 350,000 companies and 4.5 million users worldwide.

Cegid generates annual revenue of around €650m.

People
Cegid – Pascal Houillon (CEO).
Silver Lake – Christian Lucas (co-head of EMEA).
KKR – Jean-Pierre Saad (head of EMEA technology); Jérôme Nommé (head of France).

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