Context
With the DiliTrust Governance Suite, DiliTrust offers a unified and secure platform, composed of different modules to meet the growing needs of legal departments and governance bodies of large corporates, SMEs and public entities. The SaaS editor supports more than 2 000 organizations in their efforts to automate processes, improve performance and protect their strategic and sensitive data. DiliTrust enables them to achieve these objectives, notably through a board portal for managing board meetings, as well as modules for managing legal entities and managing contracts and litigations.
In 2021, the group, which employs more than 160 people worldwide, achieved a turnover of nearly 20 million euros, half of which was generated internationally, with an increase of around 30% per year in recent years. Already present in France, Canada, Italy, the Middle East and Africa, DiliTrust has also strengthened its presence in Spain and expanded its operations in Latin America following the acquisition of Gobertia last year.
Under the agreement, the consortium of investors would become the group’s core shareholder by investing more than €130 million. Calcium Capital, which has been a financial investor in DiliTrust since 2017, is selling all of its stake.
DiliTrust is continuing to expand by gaining new clients in France and abroad, and it intends to complement this expansion with an active buy-and-build strategy, with the support of its new financial partners. Cathay Capital, Eurazeo, Sagard NewGen and DiliTrust’s management team intend to leverage the company’s best-in-class skillset, strong reputation and robust underlying market growth in order to achieve their shared ambition of accelerating DiliTrust’s growth and build a global leader in legal and governance solutions.
About DiliTrust
As a SaaS solution provider for over 25 years, DiliTrust offers its DiliTrust Governance suite dedicated to corporate governance and the secure sharing of sensitive and confidential data. This unified and ultra-secure platform is designed for legal departments and governance bodies. It includes various complementary modules, notably for the digitization of bodies, the management of legal entities, contracts, litigation and disputes.
DiliTrust has more than 2,000 customers in some 50 countries. Major groups in Europe, North America, Africa and the Middle East trust DiliTrust, including: Almarai, AccorHotels, Ecobank, Royal Bank of Canada, BNP Paribas, Bouygues, Caisse de Dépôt et de Gestion du Maroc, Campari, Capgemini, Carraro, Commercial Bank of Dubai, Desjardins Capital, EDF, Engie, Eutelsat, Geox, Ingenico, Koç, Loto-Quebec, LVMH, Luxempart, Renault, Groupe Robert, SNCF, Société Générale, Transports de Montréal, Tereos, UNICEF, Veolia, City of Montreal and Vivendi.
About Cathay Capital
Cathay Capital Group is a global investment firm supporting companies at all stages throughout North America, Asia, Europe and Africa. By helping navigate the opportunities of globalization and sustainable transformation, Cathay is the partner of choice for companies aspiring to lead markets and make a positive impact. Its global platform connects people – from investors and entrepreneurs to management teams and leading corporations – across continents to share knowledge, the tools to scale, and achieve the extraordinary. Founded in 2007 with a strong entrepreneurial heritage, Cathay Capital now manages more than $4.2 billion in assets, has completed over 220 investments with the global reach and local expertise of its offices in Paris, Munich, New York, San Francisco, Shanghai, Shenzhen, Beijing and Singapore.
About Eurazeo
Eurazeo is a leading global investment company, with a diversified portfolio of €31 billion in assets under management, including €22 billion on behalf of third parties, invested in over 450 companies. With its considerable private equity, private debt, real estate and infrastructure expertise, Eurazeo accompanies businesses of all sizes, supporting their development through the commitment of its nearly 360 professionals and offering in-depth sector expertise, a gateway to global markets, and a responsible and stable foothold for transformational growth. Its solid institutional and family shareholder base, robust financial structure free of structural debt, and flexible investment horizon enable Eurazeo to support its companies over the long term.
Eurazeo has offices in Paris, New York, London, Frankfurt, Berlin, Milan, Madrid, Luxembourg, Shanghai, Seoul, Singapore and Sao Paulo.
Eurazeo is listed on Euronext Paris. ISIN : FR0000121121 – Bloomberg : RF FP – Reuters : EURA.PA.
About Sagard NewGen
Sagard NewGen aims to support the development of leaders in the healthcare and technology sectors. The fund was established to make majority and minority equity investments, financing the growth strategy of profitable European companies that share its commitment to innovation and sustainability (revenues of up to €150 million).
Sagard NewGen extends the international platform’s European base alongside Sagard MidCap and Portage Venture. Sagard NewGen provides management teams with bespoke support and a high value-added ecosystem that has truly international reach through its presence in Europe, North America and Asia.
Sagard has offices in Paris, Montreal, Toronto, New York, San Francisco and Singapore.
Deal Team
Should you want to know more about this transaction, you can contact one of the team members above
Bryan, Garnier & Co advises Cathay Capital, Sagard NewGen and Eurazeo on their investment in DiliTrust
Bryan, Garnier & Co acted as Financial Advisor to Cathay Capital, Sagard NewGen and Eurazeo.
Bryan, Garnier & Co assisted the consortium of investors with sector and valuation expertise as well as continuous process intelligence. Bryan, Garnier & Co leveraged its deep knowledge of the software market to assist Cathay Capital, Sagard NewGen and Eurazeo.
This marks another landmark transaction for Bryan, Garnier & Co’s software practice and is a further demonstration of its expertise in growth private equity-led transactions. Other notable transactions in the space over the last 6 months include the investment of MBO & Co in Praxedo, the investment of Five Arrows Growth Capital in Padoa, the sale of Eudonet to Montagu and the sale of Sword GRC to TA Associates backed participation Riskconnect.
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