TA Associates, a leading global growth private equity firm, announced that it has entered exclusive negotiations to make a majority growth investment in DL Software, a leading France-based group of enterprise resource planning (ERP) software providers.
Current DL Software majority shareholder, 21 Invest France, as well as company founders and management, would each retain a stake in the business following TA’s investment.
The envisaged transaction, which is currently under review by representatives of the company’s employees, is expected to close in the second quarter of 2021, subject to customary approvals.
Latham advises TA Associates in this transaction with a team in Paris led by partner Gaëtan Gianasso with Timothée Brunello, Michael Colle and Mayssa Sader on corporate aspects.
Partner Lionel Dechmann advises on financing aspects and Xavier Renard on tax aspects.