Teranga Sold to Orisha with Support from Francisco Partners and TA Associates
Deal News | Nov 12, 2024 | Extens
Extens, a European software investor specializing in healthcare, has announced the sale of its portfolio company Teranga to Orisha, a software publisher engaged in multiple sectors, including healthcare. This transaction is supported by Francisco Partners and TA Associates, known for their investment activity. Paris-based Teranga, employing nearly 150 staff, has become a vital player in the French medico-social sector with its SaaS solutions designed for various care facilities. Since Extens's investment in 2018, Teranga's revenue has grown threefold, achieving EUR 25 million in 2024. This sale aligns with Extens's strategic approach to investing in specialized healthcare software companies, and follows another successful exit earlier in the year.
Sectors
- Healthcare Software
- Private Equity
Geography
- France – Teranga, the target company, is based in Paris, France, and plays a key role in the French medico-social sector.
- Europe – Extens and Orisha are European entities, and the transaction involves European investment firms supporting the acquisition, highlighting the activity in the European market.
Industry
- Healthcare Software – The article discusses the sale of Teranga, a company providing SaaS solutions for healthcare facilities, highlighting its role in the healthcare software sector.
- Private Equity – Extens's investment in and subsequent exit from Teranga represents significant activity within the private equity sector, focusing on specialized investments in healthcare software.
Financials
- EUR 25 million – Teranga's revenue in 2024 after Extens's support and investment.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Extens | Seller | Company | European software investor specializing in the healthcare sector. |
| Teranga | Target Company | Company | A Paris-based SaaS provider for healthcare and medico-social structures in France. |
| Orisha | Buyer | Company | European software publisher serving the healthcare, real estate, retail, construction, and agrifood sectors. |
| Francisco Partners | Investor | Company | An investment firm providing support for the acquisition of Teranga by Orisha. |
| TA Associates | Investor | Company | A global private equity firm co-supporting the acquisition deal. |