PE-backed eFront acquires DMLT

Francisco Partners bought a majority stake in then-listed eFront in September last year, with a view to take it private. The offer valued eFront at approximately €68m, double the company's market cap of €34m at the time.

eFront will look to deliver DMLT's services to underserved markets across Europe, Asia and South Africa. Meanwhile, the acquisition will strengthen its presence in North America – following the merger, eFront expects to derive more than 40% of its total revenue from across the Atlantic.

Company
DMLT has developed a range of web-based investor reporting, contact management and fundraising products targeting the alternative asset community. The firm has offices in New York, Hong Kong, Chicago, Florida and India. Its client base covers private equity, real estate, venture, mezzanine, debt, hedge funds, funds-of-funds and fundless sponsors.

eFront is a provider of business software for financial services, focused on alternative investment and risk management. The Paris-based company was founded in 1999 and had a turnover of €27m in 2010 - it declined to comment on current revenue figures.

People
Olivier Dellenbach is the founder and CEO of eFront.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• France
• Portfolio management
• Technology
• France
• eFront
• Francisco Partners