TA Associates Enters Unique Negotiations for Bulk Progress Expense in DL Program

BOSTON & PARIS–(Small business WIRE)–Feb 8, 2021–

TA Associates, a main world wide advancement private equity agency, nowadays declared that it has entered special negotiations to make a vast majority development financial commitment in DL Computer software, a leading France-based team of organization resource arranging (ERP) program companies. Present-day DL Application greater part shareholder 21 Make investments France, as well as organization founders and management, would just about every retain a stake in the small business following TA’s financial investment. The envisaged transaction, which is at present underneath critique by associates of the company’s personnel, is envisioned to near in the second quarter of 2021, subject to customary approvals. Fiscal phrases were not disclosed.

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Launched in 2003, DL Software package is comprised of 13 marketplace-distinct ERP computer software sellers serving a wide variety of close marketplaces in France across the health care, insurance, retail, wholesale, true estate and tourism industries. In 2020, the team achieved complete income of €74 million, up from €48 million in 2016. DL Software program supplies a variety of centralized/company methods, like fiscal, advertising and marketing and HR guidance, and encourages the implementation and sharing of best practices in products advancement, direct era, product sales execution and client provider. The group employs a complete of 550 staff and serves much more than 20,000 SME, mid- and huge-cap organizations. DL Software’s critical strategic targets are to speed up expenditure in technological innovation, to supply superior-excellent and agile software package solutions, and to foster growth for by itself and its clients.

“DL Computer software has become a major B2B software program player in France through a longstanding strategy of getting and rising really-verticalized ERP suppliers,” reported Maxime Cancre, a Principal at TA Associates who would sign up for the DL Software program Board of Directors. “We are delighted to announce this prospective investment and seem forward to partnering with DL Application management and our fellow investors in actively trying to get new progress opportunities for the firm.”

“It is a enjoyment to have the possibility to welcome TA Associates as an investor in DL Software program,” claimed Jacques Ollivier, President of DL Software program. “DL has developed appreciably in the latest decades, the two organically and inorganically, and we are thrilled to blend our know-how with TA’s application investing experience with an aim to deliver sustained powerful efficiency for decades to appear. With the guidance of our traders, DL will carry on to look for added acquisition possibilities in France and might look at other marketplaces in Europe.”

“We have been really amazed with the growth of DL Application below the ownership of 21 Invest France and its co-investors, Amundi Private Equity Cash and Swen Cash Partners, and the leadership of Jacques Ollivier,” reported Patrick Sader, a Handling Director at TA Associates who would also be part of the DL Computer software Board of Directors. “DL Application enjoys a higher-high quality earnings design and the French ERP market place is big, so we see meaningful growth chances for the business. We are extremely fired up to embark on this journey.”

“I be part of the DL Software program workforce in welcoming TA as a potential investor,” stated Stephane Perriquet, Taking care of Partner at 21 Spend France. “We have liked collaborating with DL Software program, assisting to mature the company’s current market share around the previous a number of yrs, and appear ahead to this upcoming period in the continuing evolution of the firm.”

De Pardieu Brocas Maffei served as legal counsel, DC Advisory as M&A advisor and Eight Advisory as fiscal advisors to DL Software package and its shareholders. Latham & Watkins served as authorized counsel, Bryan Garnier as M&A advisor and KPMG as monetary and tax advisor to TA Associates. Jausserand Audouard and Oloryn suggested administration.

About DL Software program
Launched in 2003, DL Software is a specialist in enterprise ERP. The group has 13 impartial and specialised firms whose options deal with extra than 30 vertical sectors, including wellness, insurance, retail, investing, genuine estate and tourism. Considering the fact that its founding, DL Software program has understood an ordinary once-a-year advancement price of much more than 10%. For additional information and facts, you should visit www.dlsoftware.fr.

About TA Associates
TA Associates is a major world development personal fairness organization. Targeted on targeted sectors within just five industries – technological know-how, healthcare, economical expert services, buyer and organization companies – TA invests in profitable, rising corporations with chances for sustained advancement, and has invested in extra than 500 companies all over the environment. Investing as possibly a the greater part or minority trader, TA employs a extended-expression approach, utilizing its strategic methods to enable administration groups create long lasting worth in superior excellent progress providers. TA has raised $33.5 billion in money due to the fact its founding in 1968 and is committing to new investments at the tempo of in excess of $3 billion for every year. The firm’s much more than 100 investment decision industry experts are primarily based in Boston, Menlo Park, London, Mumbai and Hong Kong. DL Computer software will be TA’s eleventh expense in France since 2009. Far more data about TA Associates can be observed at www.ta.com.

About 21 Make investments
An lively shareholder together with administration groups, 21 Commit supports corporations primarily based in France, Italy and Poland and accompanies them into new phases of advancement. About the last 29 decades, 21 Invest has realized more than 105 investments. In France, 21 Invest invests in escalating and resilient SMEs in the healthcare, organization expert services, and technology sectors. Far more info about 21 Devote can be located at www.21devote.com.

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Get in touch with: For TA Associates:

Marcia O’Carroll

TA Associates

+1-617-574-6796

[email protected] Fishleigh

BackBay Communications

+44 203 475 7552

[email protected] Nunes

BackBay Communications

+1-617-391-0792

[email protected] For DL Application: