Hg takes majority stake in Greek ERP vendor Entersoftone at about €1B valuation
Hg agreed to take a majority stake in Entersoftone, a Greek supplier of ERP, business software and payroll products. Reports value the company at about €1B. It is Hg's first investment in a Greek company.
Hg agreed to take a majority stake in Entersoftone, a Greek supplier of ERP, business software and payroll products. Reports value the company at about €1B. It is Hg's first investment in a Greek company. (To Vima; White & Case press release)
To Vima says Hg is buying 70%. Sellers Olympia Group and Imker Group, along with management, will reinvest and keep significant minority stakes. Hg says it will fund Entersoftone's move to cloud services and set up a dedicated AI engineering team. Entersoftone was formed by merging Entersoft and SOFTONE and operates in Greece, Cyprus, Bulgaria and Romania. (To Vima; White & Case press release)