Groupe Isagri Strengthens Portugal Presence with Filosoft Acquisition

Deal News | Nov 29, 2024 | Iberian Lawyer

Groupe Isagri Strengthens Portugal Presence with Filosoft Acquisition

Cerejeira Namora, Marinho Falco has provided legal advisory services to Groupe Isagri, a French investment powerhouse in agriculture technology, during its acquisition of 100% shares of Filosoft. Filosoft is noted for its specialized billing, accounting, tax, and payroll software targeted at accounting firms and businesses. This strategic acquisition was executed via Groupe Isagri's Portuguese subsidiary, CentralGest. The legal advisory covered all stages of the acquisition, including documentation preparation, negotiation, and due diligence. Groupe Isagri, with global revenue of €340 million and over 3,000 employees across 13 countries, seeks to solidify CentralGest's dominance in the Portuguese market, particularly in SaaS and full-web solutions, aiming for a 50% market share in accounting firm services within four years. The transaction was spearheaded by Cerejeira Namora's partner Pedro da Costa Mendes with assistance from Joo Gutierres and others.

Sectors

  • Information Technology
  • Software Development
  • Legal Services

Geography

  • Portugal – CentralGest, Groupe Isagri's subsidiary, operates in Portugal where the acquisition of Filosoft is intended to boost market share.
  • France – Groupe Isagri is originally a French investment group leading the acquisition effort.

Industry

  • Information Technology – Groupe Isagri operates in the information technology sector for agriculture, viticulture, and livestock farming.
  • Software Development – Filosoft specializes in developing software for billing, accounting, tax, and payroll, highlighting its role in the software sector.
  • Legal Services – Cerejeira Namora, Marinho Falco provided legal advisory services for the acquisition, indicating involvement in the legal sector.

Financials

  • 340 million – Groupe Isagri's global turnover in euros.
  • 100% – Percentage of shares acquired in Filosoft by Groupe Isagri.

Participants

NameRoleTypeDescription
Groupe IsagriAcquiring CompanyCompanyA French investment group and leader in the IT sector for agriculture, operating globally.
FilosoftTarget CompanyCompanySpecializes in billing, accounting, tax, and payroll software.
CentralGestSubsidiaryCompanyGroupe Isagri's Portuguese subsidiary, involved in the acquisition process.
Cerejeira Namora, Marinho FalcoLegal AdvisorCompanyLegal firm that provided counsel to Groupe Isagri during the acquisition process.
Pedro da Costa MendesLead Legal AdvisorPersonPartner at Cerejeira Namora, Marinho Falco, led the advisory team.
João GutierresSupporting Legal AdvisorPersonSenior associate at Cerejeira Namora, Marinho Falco, supported the advisory process.