TEAMSYSTEM takes majority stake in SELLSY
Context
PSG Equity has divested its majority stake in Sellsy, a French SaaS company, to Italian firm TeamSystem after a three-year holding period. This transaction marks the exit of PSG Equity and the entry of a new shareholder, TeamSystem, which aims to expand its offerings internationally, particularly in Europe. The deal will enable Sellsy to leverage TeamSystem's resources and expertise to accelerate its growth and strengthen its position in the enterprise management solutions market. TeamSystem's strategy is to continue developing Sellsy as a standalone company, maintaining the Sellsy brand and retaining the current management team, led by Victor Douek. This approach will allow Sellsy to preserve its identity and autonomy while benefiting from TeamSystem's support and resources. The acquisition is expected to be a strategic move for TeamSystem, enabling it to broaden its portfolio of enterprise management solutions and increase its presence in the European market.
Psg Equity had previously taken control of the company during an LBO in 2022.
SELLSY, which reported an EBITDA margin of LOGIN in 2023, 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 (14.3x).
Note that 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.
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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.
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Historical Financials (EUR)
Other operations with SELLSY
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 01/2022 | PSG EQUITY | SELLSY | FRANCE | Software | 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. |
REFERENCES
Revenue range: 5M - 25M 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: sellsy
Acquirer: teamsystem