Cuatrecasas Advises Cegid on PHC Acquisition
Deal News | Jan 27, 2025 | Iberian Lawyer
Cegid Group, a European leader in cloud-based business management solutions, has successfully acquired PHC Business Software, a significant player in the digital transformation of the Portuguese market. With a strong customer base of 37,000 companies and 170,000 users across Portugal, Spain, Angola, and Mozambique, the acquisition of PHC represents a strategic expansion for Cegid into the Iberian Peninsula and Lusophone Africa. This acquisition, part of Cegid's ongoing growth strategy, follows similar transactions, including the purchases of EBP in France and Microdata in Spain, as well as an exclusivity agreement for sevdesk in Germany. Cuatrecasas, a leading law firm, played an instrumental role in facilitating the acquisition. Their extensive multidisciplinary team, coordinated by Mariana Norton dos Reis, addressed complex legal issues across the jurisdictions involved, contributing to a seamless and timely completion of the deal.
Sectors
- Cloud-Based Business Management Solutions
- Legal Services
Geography
- Portugal – PHC Business Software is based in Portugal, making it a key geography for this transaction.
- France – Cegid Group is a French company, central to the merger activity described in the article.
- Spain – Spain is one of the markets where PHC and Cegid are operational, showing the geographical scope of their activities.
- Mozambique – Mozambique is one of the countries where PHC has a presence, emphasizing the multinational aspect of the deal.
- Angola – Angola is also part of the markets served by PHC, demonstrating the reach of their software solutions.
Industry
- Cloud-Based Business Management Solutions – Cegid operates in the cloud-based business management solutions industry, offering services related to finance, human resources, accounting, retail, and entrepreneurship.
- Legal Services – Cuatrecasas provides legal advisory services for mergers and acquisitions, highlighting their role in facilitating the acquisition transaction.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Cegid Group | Acquiring Company | Company | A leading European cloud-based business management solutions provider. |
| PHC Business Software | Target Company | Company | A technology company known for its role in the digital transformation of the Portuguese market. |
| Cuatrecasas | Legal Advisor | Company | A law firm providing legal advice to Cegid for the acquisition of PHC. |