Context
Founded in 2003, DL Software comprises 13 industry-specific ERP software vendors serving more than 20,000 SME, mid- and large-cap companies across the healthcare, insurance, retail, wholesale, real estate and tourism industries in France. In 2020, the group achieved total revenues of EUR 74m and employs c.550 people.
DL Software provides a number of centralized/corporate resources, including financial, marketing, and HR support, and promotes the implementation and sharing of best practices in product development, lead generation, sales execution and customer service.
With the support of TA Associates, DL Software will continue to seek additional acquisition opportunities in France and Europe, and accelerate its integration while boosting investment in innovation to deliver high-quality and agile software solutions.
About TA Associates
TA Associates is a leading global growth private equity firm. Focused on targeted sectors within five industries – technology, healthcare, financial services, consumer and business services – TA invests in profitable, growing companies with opportunities for sustained growth, and has invested in more than 500 companies around the world. Investing as either a majority or minority investor, TA employs a long-term approach, utilizing its strategic resources to help management teams build lasting value in high quality growth companies. TA has raised USD 33.5bn in capital since its founding in 1968 and is committing to new investments at the pace of over USD 3bn per year. The firm’s more than 100 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong. DL Software will be TA’s eleventh investment in France since 2009.
About DL Software
Founded in 2003, DL Software is a specialist in business ERP. The group has 13 independent and specialized companies whose solutions address more than 30 vertical sectors, including health, insurance, retail, trading, real estate and tourism. Since its founding, DL Software has realized an average annual growth rate of more than 10%.
Deal Team
Should you want to know more about this transaction, you can contact one of the team members above
Bryan, Garnier & Co acts as Sole Financial Advisor to TA Associates on its majority growth investment in DL Software
Bryan, Garnier & Co acted as Sole Financial Advisor to TA Associates.
Bryan, Garnier & Co assisted TA Associates by providing sector knowledge and continuous process intelligence, while advising on the deal structure and coordinating due diligence efforts.
This transaction continues to demonstrate Bryan, Garnier & Co’s outstanding expertise and track record in the enterprise software industry. Notable software transactions in recent months include: the sale of Easyvista to Eurazeo; the sale of TagPay to Long Arc Capital; the sale of Prosoft to Landwehr; Cathay Capital’s investment in FuturMaster; Hg’s investment in smartTrade; the acquisitions of Geodesial and Sogelink by Keensight Capital; Apax Partners’ investment in Diapason; the sale of OMP to NewAlpha; and the sale of Salvia to Total Specific Solutions (TSS).
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