KKR to take a stake in Cegid

Featured image of the article KKR to take a stake in Cegid
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4 June 2021 à 11h47

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2 minutes

Publication: 4 June 2021 à 11h47

Reading time: 2 minutes

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In five years, Cegid's valuation has seen more than a nine-fold increase. This is highlighted by KKR’s entry into the capital of the management software publisher.
Publication

4 June 2021 à 11h47

Reading time

2 minutes

Publication: 4 June 2021 à 11h47

Reading time: 2 minutes

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The American private-equity fund KKR is about to take a minority stake in Cegid, a French-based publisher of cloud management software solutions specialising in retailing and five other sectors. The investment and percentage of ownership were not disclosed. However, it translates into a record valuation of €5.5 billion for Cegid. As a comparison, Cegid’s takeover in 2016 was based on a valuation of €580 million.

The deal is expected to complete in Q3 2021. It confirms the relevance of...

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