TA Associates Enters Unique Negotiations for Majority Progress Expense in DL Application

BOSTON & PARIS–(Business WIRE)–TA Associates, a leading global progress personal fairness company, right now introduced…

BOSTON & PARIS–(Business WIRE)–TA Associates, a leading global progress personal fairness company, right now introduced that it has entered unique negotiations to make a majority growth financial commitment in DL Application, a leading France-primarily based group of organization source planning (ERP) software suppliers. Present DL Program the vast majority shareholder 21 Commit France, as perfectly as enterprise founders and administration, would each keep a stake in the business adhering to TA’s financial investment. The envisaged transaction, which is at the moment under assessment by associates of the company’s workforce, is predicted to near in the second quarter of 2021, subject matter to customary approvals. Economic phrases had been not disclosed.

Launched in 2003, DL Program is comprised of 13 industry-distinct ERP software distributors serving a assortment of close markets in France throughout the health care, insurance coverage, retail, wholesale, real estate and tourism industries. In 2020, the team achieved full earnings of €74 million, up from €48 million in 2016. DL Application offers a amount of centralized/corporate assets, including monetary, marketing and HR assist, and promotes the implementation and sharing of most effective procedures in product progress, lead era, profits execution and customer provider. The group employs a full of 550 workers and serves extra than 20,000 SME, mid- and massive-cap organizations. DL Software’s critical strategic objectives are to accelerate expenditure in technological innovation, to supply large-quality and agile program solutions, and to foster progress for itself and its customers.

“DL Program has become a main B2B application participant in France by way of a longstanding method of attaining and developing remarkably-verticalized ERP vendors,” mentioned Maxime Cancre, a Principal at TA Associates who would sign up for the DL Program Board of Administrators. “We are delighted to announce this potential financial investment and seem forward to partnering with DL Computer software management and our fellow investors in actively looking for new growth opportunities for the firm.”

“It is a satisfaction to have the possibility to welcome TA Associates as an trader in DL Application,” said Jacques Ollivier, President of DL Application. “DL has formulated considerably in modern a long time, both equally organically and inorganically, and we are energized to mix our know-how with TA’s software package investing knowledge with an goal to deliver sustained solid performance for a long time to come. With the aid of our investors, DL will go on to request supplemental acquisition opportunities in France and could look at other markets in Europe.”

“We have been quite amazed with the development of DL Software program below the possession of 21 Commit France and its co-traders, Amundi Private Fairness Funds and Swen Funds Companions, and the leadership of Jacques Ollivier,” reported Patrick Sader, a Running Director at TA Associates who would also sign up for the DL Software Board of Directors. “DL Software enjoys a superior-high-quality income model and the French ERP marketplace is massive, so we see meaningful growth prospects for the corporation. We are quite enthusiastic to embark on this journey.”

“I join the DL Software crew in welcoming TA as a foreseeable future investor,” explained Stephane Perriquet, Taking care of Companion at 21 Devote France. “We have loved collaborating with DL Software package, helping to grow the company’s market place share around the earlier quite a few many years, and appear ahead to this up coming period in the continuing evolution of the company.”

De Pardieu Brocas Maffei served as authorized counsel, DC Advisory as M&A advisor and 8 Advisory as financial advisors to DL Program and its shareholders. Latham & Watkins served as authorized counsel, Bryan Garnier as M&A advisor and KPMG as fiscal and tax advisor to TA Associates. Jausserand Audouard and Oloryn advised management.

About DL Software

Started in 2003, DL Software package is a expert in small business ERP. The group has 13 unbiased and specialized companies whose remedies deal with much more than 30 vertical sectors, together with health and fitness, insurance coverage, retail, investing, genuine estate and tourism. Given that its founding, DL Computer software has understood an regular yearly development level of extra than 10%. For a lot more facts, please stop by www.dlsoftware.fr.

About TA Associates

TA Associates is a top world-wide advancement non-public fairness organization. Centered on targeted sectors in just five industries – technological innovation, health care, fiscal services, shopper and small business providers – TA invests in lucrative, escalating companies with possibilities for sustained growth, and has invested in a lot more than 500 providers around the world. Investing as possibly a the vast majority or minority trader, TA employs a extended-term approach, using its strategic resources to enable administration groups establish lasting price in substantial good quality expansion corporations. TA has raised $33.5 billion in money considering that its founding in 1968 and is committing to new investments at the rate of in excess of $3 billion for each yr. The firm’s extra than 100 investment pros are centered in Boston, Menlo Park, London, Mumbai and Hong Kong. DL Software will be TA’s eleventh financial commitment in France due to the fact 2009. More information about TA Associates can be found at www.ta.com.

About 21 Invest

An active shareholder along with administration groups, 21 Devote supports corporations centered in France, Italy and Poland and accompanies them into new stages of enhancement. Around the final 29 years, 21 Commit has recognized more than 105 investments. In France, 21 Make investments invests in developing and resilient SMEs in the health care, company providers, and engineering sectors. Extra data about 21 Make investments can be found at www.21make investments.com.