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

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BOSTON & PARIS–(Enterprise WIRE)–Feb 8, 2021–

TA Associates, a primary global progress personal equity business, these days announced that it has entered exceptional negotiations to make a majority advancement investment decision in DL Computer software, a leading France-centered team of enterprise resource scheduling (ERP) application providers. Present DL Software package bulk shareholder 21 Devote France, as very well as company founders and administration, would every single retain a stake in the organization next TA’s investment decision. The envisaged transaction, which is currently underneath assessment by associates of the company’s staff members, is expected to shut in the 2nd quarter of 2021, subject to customary approvals. Economic terms had been not disclosed.

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Established in 2003, DL Software program is comprised of 13 sector-certain ERP software vendors serving a selection of end marketplaces in France throughout the health care, insurance policy, retail, wholesale, true estate and tourism industries. In 2020, the team achieved complete profits of €74 million, up from €48 million in 2016. DL Software program presents a quantity of centralized/corporate means, which include monetary, marketing and HR help, and encourages the implementation and sharing of best tactics in product or service growth, direct era, profits execution and customer assistance. The group employs a complete of 550 staff members and serves far more than 20,000 SME, mid- and significant-cap firms. DL Software’s important strategic aims are to accelerate financial commitment in technological innovation, to supply significant-high quality and agile computer software solutions, and to foster advancement for by itself and its shoppers.

“DL Computer software has grow to be a major B2B software package player in France as a result of a longstanding approach of obtaining and growing hugely-verticalized ERP distributors,” said Maxime Cancre, a Principal at TA Associates who would be part of the DL Software package Board of Administrators. “We are happy to announce this prospective expenditure and look forward to partnering with DL Application administration and our fellow investors in actively trying to find new advancement chances for the organization.”

“It is a pleasure to have the chance to welcome TA Associates as an investor in DL Program,” explained Jacques Ollivier, President of DL Software. “DL has developed significantly in new several years, equally organically and inorganically, and we are enthusiastic to merge our know-how with TA’s program investing working experience with an intention to provide sustained strong functionality for a long time to arrive. With the assistance of our buyers, DL will go on to search for additional acquisition prospects in France and may consider other markets in Europe.”

“We have been extremely impressed with the development of DL Computer software under the possession of 21 Spend France and its co-traders, Amundi Private Equity Funds and Swen Capital Associates, and the leadership of Jacques Ollivier,” explained Patrick Sader, a Managing Director at TA Associates who would also be a part of the DL Software package Board of Administrators. “DL Program enjoys a significant-top quality profits model and the French ERP industry is huge, so we see significant growth alternatives for the company. We are incredibly enthusiastic to embark on this journey.”

“I sign up for the DL Software workforce in welcoming TA as a long term trader,” reported Stephane Perriquet, Taking care of Husband or wife at 21 Spend France. “We have liked collaborating with DL Software program, assisting to expand the company’s industry share in excess of the earlier many years, and seem ahead to this future period in the continuing evolution of the company.”

De Pardieu Brocas Maffei served as authorized counsel, DC Advisory as M&A advisor and 8 Advisory as monetary advisors to DL Software and its shareholders. Latham & Watkins served as lawful counsel, Bryan Garnier as M&A advisor and KPMG as economic and tax advisor to TA Associates. Jausserand Audouard and Oloryn advised management.

About DL Application

Founded in 2003, DL Software package is a specialist in business enterprise ERP. The team has 13 impartial and specialized firms whose remedies deal with more than 30 vertical sectors, which include wellness, insurance, retail, trading, genuine estate and tourism. Given that its founding, DL Software has realized an typical annual expansion fee of additional than 10%. For a lot more facts, please stop by www.dlsoftware.fr.

About TA Associates

TA Associates is a primary world wide development private equity company. Concentrated on focused sectors inside of 5 industries – engineering, healthcare, monetary expert services, customer and business enterprise expert services – TA invests in financially rewarding, developing businesses with prospects for sustained growth, and has invested in extra than 500 companies close to the earth. Investing as possibly a bulk or minority trader, TA employs a extensive-term method, using its strategic assets to assist management teams create lasting value in higher high quality progress companies. TA has elevated $33.5 billion in funds considering the fact that its founding in 1968 and is committing to new investments at the speed of about $3 billion per 12 months. The firm’s extra than 100 financial commitment pros are based in Boston, Menlo Park, London, Mumbai and Hong Kong. DL Computer software will be TA’s eleventh financial investment in France due to the fact 2009. More details about TA Associates can be observed at www.ta.com.

About 21 Devote

An active shareholder together with management groups, 21 Spend supports organizations dependent in France, Italy and Poland and accompanies them into new levels of progress. In excess of the last 29 years, 21 Commit has understood much more than 105 investments. In France, 21 Commit invests in developing and resilient SMEs in the health care, business enterprise products and services, and engineering sectors. Far more details about 21 Commit can be discovered at www.21devote.com.

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Get hold of: 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 Software: