BRIDGEPOINT invests in SKELLO
Context
Bridgepoint Development Capital has announced an investment in Skello, a French provider of a human resources management platform dedicated to frontline teams. The transaction marks a new phase in Skello’s development, with Bridgepoint becoming a lead minority shareholder alongside the founders, management team and historical investors Partech and XAnge, which are also reinvesting in the company. The investment reflects Bridgepoint’s lower mid-market strategy of supporting fast-growing European technology companies with differentiated market positions. The firm will support Skello’s continued expansion across Europe, increased investment in technology and artificial intelligence capabilities, and the execution of targeted external growth initiatives. Founded in 2016, Skello develops a software platform designed to help businesses manage frontline teams more efficiently, covering workforce scheduling, administrative processes and daily operational management. The company has established itself as a leading player in the digitalisation of workforce management for operational teams across Europe. Through this partnership, Skello aims to accelerate several strategic priorities, including strengthening its position in existing markets, expanding internationally and broadening the capabilities of its platform. The company also plans to reinforce its teams across technology, product development and sales functions to support this next stage of growth. Bridgepoint will leverage its experience supporting European technology businesses to help Skello pursue its ambition of becoming a leading platform for frontline workforce management in Europe. The partnership combines Skello’s product expertise and market positioning with Bridgepoint’s resources and long-term investment approach to support the company’s future development.
SKELLO, which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (14.8x).
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Target
Skello is a software company founded in 2016 that develops a cloud‑based human resources platform aimed at frontline teams. The solution integrates workforce scheduling, time‑and‑attendance tracking, shift exchange, and payroll preparation within a single interface. It is delivered as a SaaS product with configurable modules that can be adapted to retail, hospitality, and services operations. The platform supports mobile access, allowing employees to view schedules, request changes, and record hours from smartphones. Skello’s client base comprises approximately 30,000 organisations across France, Spain, the Benelux region, and Italy, ranging from small independent retailers to multi‑site chains. Daily active usage exceeds 700,000 individuals, indicating high engagement among end‑users. The business model relies on subscription fees charged per active user and per module, with annual contracts that include support and product updates. Since its inception, the company has expanded its engineering team to over 400 staff members located in several European cities. Product development follows a continuous delivery cycle, introducing new features such as automated compliance reporting and integration with major payroll providers. Skello reports profitability from 2025 onward and has surpassed the 50 million euro annual recurring revenue threshold. The firm is preparing a series of targeted acquisitions to broaden its geographic footprint and enrich its functional offering.
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Historical Financials (EUR)
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REFERENCES
Valuation range: EV 300M - 700M EUR
Revenue range: 50M - 100M EUR
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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Press release: view release
Target: skello
Acquirer: bridgepoint