Edmond de Rothschild Corporate Finance is advising DL Software Group's founders on the sale of a controlling stake to 21 Central Partners

Press release - 5/8/2017

DL Software publishes business software intended for small and medium-sized companies. The company offers an integrated global solution that meets its clients' IT requirements and has emerged as a market leader in the health, retail, trading and tourism markets. DL Software was founded by Jean Noël Drouin and Patrick Lemaire in 2003 and has acquired 12 software companies since its inception.

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.

The operation is 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).

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