This transaction marks a significant new phase in the development of the European software group through a tertiary leveraged buyout. The operation involves the entry of a new major American technology investor into the capital structure, joining forces with the existing historical shareholder to share joint control of the company. This strategic partnership between two leading global private equity firms is designed to provide the group with additional equity and financial resources to accelerate its ambitious external growth strategy. The transaction facilitates the exit of a long-standing French investment partner and the company's original founders. The management team remains deeply involved in the project, maintaining a stable minority stake. This new capital structure aims to support the group's goal of doubling its size in the coming years by strengthening its leadership in existing verticals and potentially expanding into new business sectors. The deal underscores the group's successful transformation and its attractiveness as a scalable European software platform.

ORISHA, which reported an EBITDA margin of LOGIN in 2024, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN premium to the 13.6x average currently observed in the TMT (Tech, Media, Telecom) sector.

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