Siesa Takes a Leap: Advent International Acquires Majority Stake
Deal News | Dec 02, 2024 | Advent International
In a significant move within the Colombian technology sector, Advent International, a globally renowned private equity firm, announced its acquisition of a majority stake in Siesa, the leading independent ERP provider in Colombia. The transaction, whose financial terms remain undisclosed, involves Siesa transitioning from Siesint Holdings and its former employees while retaining its co-founder as a minority shareholder. With over 40 years of expertise and a client base exceeding 7,000, Siesa offers advanced ERP solutions with a strong presence in the retail and hospitality sectors. Advent, leveraging its vast experience in software investments, aims to foster Siesa's growth with continued product innovation. The acquisition underlines Advent's long-term commitment to Colombia, exemplified by a historical $1 billion investment in the region. Siesa, with offerings in Colombia and parts of Latin America, is set for a transformative journey under the guidance of the seasoned investor.
Sectors
- Private Equity
- Software and Technology
- Enterprise Resource Planning (ERP)
Geography
- Colombia – Siesa is the largest independent ERP provider in Colombia and the acquisition highlights Advent International's investment strategy focused on the Colombian market.
- Latin America – Advent has been active in Latin America with a substantial investment history, including this move involving Siesa which operates in Colombia and extends services to Peru, Ecuador, and Mexico.
Industry
- Private Equity – Advent International's acquisition of Siesa aligns with the private equity sector's focus on strategic investments and portfolio diversification across global markets.
- Software and Technology – Siesa operates as a leading ERP provider, firmly placing this transaction in the software and technology industry, particularly within financial management and adjacent suites like CRM and e-commerce.
- Enterprise Resource Planning (ERP) – Siesa's core offerings are ERP solutions tailored for various industries such as retail and hospitality, emphasizing its role in the ERP sector.
Financials
- Not Disclosed – The terms and financial details of Advent International's acquisition of Siesa were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Advent International | Acquirer | Company | A leading global private equity firm with a strong history of investing in technology companies to enhance growth through innovation. |
| Siesa | Target Company | Company | Colombia's largest independent ERP provider with over 40 years of experience and a client base across several Latin American countries. |
| Siesint Holdings | Vendor | Company | The holding company selling its stake in Siesa, known for Intelisis Software in Mexico. |
| Lloreda Camacho & Co | Legal Advisor | Company | Served as the legal advisor to the sellers in the transaction. |
| Martnez, Quintero, Mendoza, Gonzles, Laguado, & De la Rosa | Legal Advisor to Advent | Company | Acted as legal advisors for Advent in the transaction. |
| Estrategias Corporativas | Investment Banking Advisor | Company | Provided investment banking advisory services to Advent for this acquisition. |