Bridgepoint acquires eFront for €300m

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Private equity investor Bridgepoint has bought financial software provider eFront from its previous owner Francisco Partners in a deal valued at about €300m.

Francisco bought eFront in 2011, when it was taken private after having been listed since 2006 on the Alternext Paris market.

eFront provides software targeting the alternative investments industry and risk management, with solutions being used by some 700 customers and 100,000 users in 40 countries – across sectors such as private equity, real estate, banking and insurance.

Its solutions cover front, middle and back office functions, including administration, accounting, portfolio monitoring, CRM, fund raising and deal pipeline monitoring.

eFront founder and CEO Olivier Dellenbach, said: “We are very pleased to welcome Bridgepoint as a new financial partner to work with us to further accelerate our international expansion and product innovation to further facilitate our clients operations. We would like to also thank the team at Francisco Partners and their considerable support for the transformation that eFront has undergone over the last few years.”

Xavier Robert, partner of Bridgepoint, said: “eFront is an exciting technology platform with a robust business model and significant scope for future revenue and profitability growth. We will work with management to strengthen eFront’s market share, target new customers, enlarge its product offering and assist it in expanding into new geographies and asset classes.”

 

 

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