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.

This transaction is part of the Financial Services industry, which currently tracks an average EBITDA multiple of 14.0x since the beginning of 2026, 5.3% decrease compared to 2025. This data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.