mynth
01/2022

PSG EQUITY invests in SELLSY

FRANCE Software / CRM & Sales REV 5M - 25M EUR

Context

US-based growth equity firm Providence Strategic Growth (PSG) has entered into an agreement to acquire a stake in Sellsy, a French provider of all-in-one Customer Relationship Management (CRM) and Financial Management System (FMS) software for SMEs. As part of this transaction, Sellsy is raising €55 million from the fund, which is also buying out historical minority shareholders, including investors from the previous funding round in late 2017. Following this equity restructuring, the management team (led by co-founders Alain Mevellec and Frédéric Coulais, alongside Co-CEO Victor Douek) will retain its majority ownership and continue to spearhead the company's development. For Sellsy, this partnership is designed to accelerate its growth, solidify its position in the French market, and drive its European expansion, with the ultimate goal of reaching the €100 million revenue milestone.

SELLSY, which reported an EBITDA margin of in 2021, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (15.1x).

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

Sellsy is a French SaaS company founded in 2009, offering a comprehensive business management solution, including a CRM system, electronic invoicing, treasury management, accounting, and marketing automation, all enhanced with artificial intelligence tools, grouped in its Lead-to-Cash offering, enabling companies to efficiently manage their business processes, Sellsy has experienced a strong acceleration phase, combining sustained organic growth and three structuring acquisitions, allowing its internationalization, including the acquisition of the Spanish company Kippu, RocketChaet, and SendEthic, and has 23,000 customers and 180 employees spread across France and Spain.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2021
2020

Other operations with SELLSY

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
10/2025TEAMSYSTEMSELLSYFRANCECRM & Sales

REFERENCES

Revenue range: 5M - 25M EUR

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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: sellsy

Acquirer: psg equity