Simpson Thacher is representing Silver Lake-controlled Cegid in its combination with Grupo Primavera. The all-share deal values the combined company at approximately €6.8 billion.
Cegid is a leading global provider of cloud business management solutions for the finance, human resources, CPAs, retail and entrepreneurial sectors. Grupo Primavera is a leading cloud business management software platform in the Iberia region.
Upon closing, Silver Lake will remain the majority shareholder of Cegid, while Oakley Capital will join KKR and AltaOne as minority shareholders.
The Simpson Thacher team includes James R. Howe, Chris Vallance, Sean Macdonald and Jason Yue (Corporate); Shahpur Kabraji and Harry Briffitt (Credit); Sarah Lane (Tax); and Étienne Renaudeau and Henry Llewellyn (Antitrust).