Cegid acquired Shine (and its associated fintech ecosystem under Ageras) for a total consideration exceeding EUR1 billion. This represents the largest acquisition in Cegid's 40-year history. The deal aims to fuse banking and accounting: by integrating Shine's banking rails directly into Cegid's software used by accountants, the group creates a seamless "paneuropean financial platform." The valuation implies a massive multiplier reflecting the strategic premium of controlling the SME payment flow.

Founded in 2018, Shine is a leading French neobank dedicated to freelancers and SMEs. It offers a pro bank account coupled with invoicing and administrative management tools. The company has had a turbulent ownership history: acquired by Societe Generale in 2020, sold to Danish fintech Ageras in early 2025 (valued at ~EUR131m), and now integrated into a larger platform. Shine serves over 100,000 professionals and stands out for its "Copilot" approach, combining banking with accounting pre-work.