The firm has grown steadily in recent years, largely through an active acquisition policy. Listed on Alternext, DL Software had sales of €48.9m in 2016 and has 452 employees serving 9,000 clients.
Its founders have entered into exclusive negotiations with investment fund 21 Centrale Partners with a view to selling their controlling stake, which corresponds to 84.3% of the company's capital. The company's founders and senior management will take part in the deal alongside 21 Centrale Partners by reinvesting as minority investors.
Following the information and consultation procedure of the works committee of DL Software Group companies and subject to the usual conditions precedent regarding competition, the operation will be followed by a simplified public offering and a possible squeeze-out in the event the initiator reaches the threshold of 95% of the capital of DL Software. The deal values DL Software at over 107 million euros.
Advisors of DL Software Founder
Christian Ménard (Member of the Board), Robert Peterson (Managing Director), Vincent de Saint Sernin (Director), Victor Auguin-Rougier (Analyst) – Debt Advisory : Gregory Fradelizi (Executive Director).