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Eurazeo, Cathay Capital, Sagard Newgen enter into exclusive investment agreement with DiliTrust

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Global buyout major Eurazeo has formed a consortium with Cathay Capital and Sagard Newgen to enter into an exclusive agreement to make €130m of investment in DiliTrust.

Eurzeo will invest €52m in the company while the company’s exisiting investor Calcium Capital will be offloading all of its stake.

DiliTrush offers its SaaS editor to large corporates,  SMEs and public entities for process automation, performance improvement and data protection in France, Canada, Italy, the Middle East, Africa, Spain and Latin America.

It attained a €20m turnover in 2021 with half of it generated internationally.

The consortium, in a statement, said, “We are very happy to support DiliTrust and its management team led by Yves
Garagnon with the ambition of creating a global leader in governance solutions. The Enterprise Legal Management software market is growing rapidly, in line with the general acceleration in the take-up of LegalTech solutions.

“DiliTrust is a leading player in this market with an integrated software suite that has won over a number of top-tier clients. We are excited about the prospect of bringing the international business networks, sector expertise and active support of
Cathay, Eurazeo and Sagard to help DiliTrust achieve its ambitious strategy, based on a combination of organic growth and acquisitions.”

Earlier in the month, Eurazeo scored a 42% IRR selling its 47% stake in Reden Solar to a consortium led by Macquarie Asset Management  at a €2.5bn enterprise value.

The firm raised two €1bn-plus fund in a week last year, closing its Idinvest Private Debt V on €1.5bn and €1.6bn for its growth strategy targeting equity investments in European tech companies.

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