TA Associates Enters Distinctive Negotiations for Majority Progress Financial commitment in DL Program

BOSTON & PARIS–(Business WIRE)–TA Associates, a major global growth private equity business, nowadays declared that it has entered distinctive negotiations to make a the vast majority development investment decision in DL Program, a primary France-based mostly group of company useful resource arranging (ERP) software providers. Present-day DL Program greater part shareholder 21 Devote France, as perfectly as organization founders and management, would each individual retain a stake in the small business subsequent TA’s expense. The envisaged transaction, which is at the moment beneath overview by representatives of the company’s employees, is anticipated to shut in the 2nd quarter of 2021, subject to customary approvals. Financial phrases had been not disclosed.

Established in 2003, DL Program is comprised of 13 business-unique ERP computer software sellers serving a range of end marketplaces in France across the health care, coverage, retail, wholesale, true estate and tourism industries. In 2020, the group obtained whole earnings of €74 million, up from €48 million in 2016. DL Software program provides a number of centralized/corporate methods, which includes economical, marketing and HR support, and promotes the implementation and sharing of finest practices in products enhancement, direct generation, gross sales execution and consumer assistance. The team employs a complete of 550 staff members and serves far more than 20,000 SME, mid- and significant-cap providers. DL Software’s vital strategic targets are to accelerate financial investment in technological innovation, to deliver substantial-excellent and agile program methods, and to foster advancement for itself and its customers.

“DL Software package has grow to be a main B2B application player in France by way of a longstanding approach of acquiring and rising hugely-verticalized ERP distributors,” said Maxime Cancre, a Principal at TA Associates who would sign up for the DL Software package Board of Directors. “We are delighted to announce this prospective investment and glimpse forward to partnering with DL Software package administration and our fellow traders in actively in search of new progress alternatives for the company.”

“It is a enjoyment to have the prospect to welcome TA Associates as an investor in DL Software,” reported Jacques Ollivier, President of DL Software. “DL has designed substantially in new many years, equally organically and inorganically, and we are energized to combine our know-how with TA’s program investing practical experience with an purpose to deliver sustained strong overall performance for decades to appear. With the aid of our traders, DL will go on to seek out supplemental acquisition chances in France and may possibly contemplate other marketplaces in Europe.”

“We have been pretty amazed with the progress of DL Software program underneath the ownership of 21 Spend France and its co-traders, Amundi Private Equity Resources and Swen Cash Partners, and the leadership of Jacques Ollivier,” explained Patrick Sader, a Handling Director at TA Associates who would also join the DL Software program Board of Directors. “DL Application enjoys a substantial-excellent income design and the French ERP marketplace is significant, so we see significant growth alternatives for the corporation. We are very enthusiastic to embark on this journey.”

“I join the DL Software program crew in welcoming TA as a upcoming investor,” claimed Stephane Perriquet, Taking care of Associate at 21 Devote France. “We have appreciated collaborating with DL Computer software, helping to improve the company’s market share above the previous many yrs, and appear ahead to this upcoming stage in the continuing evolution of the company.”

De Pardieu Brocas Maffei served as legal counsel, DC Advisory as M&A advisor and Eight Advisory as money advisors to DL Application and its shareholders. Latham & Watkins served as legal counsel, Bryan Garnier as M&A advisor and KPMG as economic and tax advisor to TA Associates. Jausserand Audouard and Oloryn encouraged administration.

About DL Application

Launched in 2003, DL Computer software is a professional in organization ERP. The team has 13 impartial and specialized corporations whose options handle much more than 30 vertical sectors, like wellness, insurance coverage, retail, trading, real estate and tourism. Considering the fact that its founding, DL Computer software has recognized an regular annual expansion amount of much more than 10%. For more details, please stop by www.dlsoftware.fr.

About TA Associates

TA Associates is a major worldwide development private equity business. Concentrated on focused sectors inside of five industries – technological innovation, health care, fiscal expert services, consumer and business enterprise products and services – TA invests in successful, escalating firms with chances for sustained expansion, and has invested in additional than 500 businesses around the entire world. Investing as both a greater part or minority trader, TA employs a long-time period solution, employing its strategic means to assistance management teams develop long lasting worth in superior quality expansion corporations. TA has raised $33.5 billion in capital given that its founding in 1968 and is committing to new investments at the speed of about $3 billion for each yr. The firm’s additional than 100 investment professionals are dependent in Boston, Menlo Park, London, Mumbai and Hong Kong. DL Software package will be TA’s eleventh investment decision in France due to the fact 2009. More information about TA Associates can be discovered at www.ta.com.

About 21 Commit

An active shareholder along with management groups, 21 Commit supports businesses based mostly in France, Italy and Poland and accompanies them into new stages of enhancement. More than the previous 29 yrs, 21 Commit has recognized more than 105 investments. In France, 21 Devote invests in growing and resilient SMEs in the healthcare, company companies, and technological know-how sectors. Additional details about 21 Make investments can be observed at www.21devote.com.