Source: HG Capital
Septeo Group, a leading provider of mission-critical software for regulated verticals, announces that it will welcome two new minority investors to the business: Téthys Invest, the investment holding company of the Bettencourt-Meyers Family, and GIC, a leading global investor.
These investors will join Hugues Galambrun, the founding CEO of Septeo, as well as the management team. Hg, a leading investor in European and transatlantic software and services companies, will also remain as Septeo’s majority investor, recognising the company’s long-term growth potential.
“To stay ahead in our sector and emerge as one of the largest European software companies, significant investment in research and development is necessary. We are therefore pleased to welcome two new, long-term investors to the group. Furthermore, the management team and I are proud to show that French businesses, when they continue to innovate and serve their customers well, can grow and remain attractive to the investor community,” Hugues Galambrun, CEO of the Septeo Group, commented on the transaction, which values the group at over €3 billion.
Read the full article: https://hgcapital.com/insights/septeo-group-welcomes-new-investors-tethys-invest-and-gic
