Lyon \/ Frank\u00adfurt \/ London \u2014 Bridge\u00adpoint and LumApps have announ\u00adced the upco\u00adming invest\u00adment of Bridge\u00adpoint Europe VII (\u201cBE VII\u201d), a leading mid-market invest\u00adment fund, in the next gene\u00adra\u00adtion cloud-based intra\u00adnet commu\u00adni\u00adca\u00adti\u00adons solu\u00adti\u00adons provi\u00adder. As part of the current tran\u00adsac\u00adtion, valued at USD 650 million, LumApps\u2019 exis\u00adting inves\u00adtors \u2014 Growth Equity from Gold\u00adman Sachs Alter\u00adna\u00adti\u00adves, Eura\u00adzeo Growth, Bpifrance via its Large Venture Fund and IRIS \u2014 are selling their shares to Bridgepoint.<\/p>\n
The foun\u00adders and manage\u00adment of LumApps will retain a signi\u00adfi\u00adcant stake in the company. The parties have agreed not to disc\u00adlose further finan\u00adcial details of the tran\u00adsac\u00adtion, which is expec\u00adted to close in July 2024 and is not subject to any condi\u00adti\u00adons precedent.<\/p>\n
LumApps, head\u00adquar\u00adte\u00adred near Lyon in France, is a cloud-based, social and colla\u00adbo\u00adra\u00adtive intra\u00adnet plat\u00adform for compa\u00adnies that supports employees in their work, commu\u00adni\u00adca\u00adtion and colla\u00adbo\u00adra\u00adtion and thus increa\u00adses produc\u00adti\u00advity in the work\u00adplace. The company uses an AI-powered plat\u00adform that inte\u00adgra\u00adtes with enter\u00adprise soft\u00adware such as Google Workspace and Micro\u00adsoft 365, as well as hundreds of other busi\u00adness appli\u00adca\u00adti\u00adons and HR resour\u00adces such as Work\u00adday, ServiceNow, Zoom, Sales\u00adforce, Box and SAP Success\u00adFac\u00adtors. These appli\u00adca\u00adti\u00adons, data and infor\u00adma\u00adtion are centra\u00adli\u00adzed on a single plat\u00adform and serve as a so-called \u201cdigi\u00adtal front door\u201d for employees, who can access them via an AI conver\u00adsa\u00adtion interface.<\/p>\n
LumApps curr\u00adently has more than five million users and around 700 custo\u00admers world\u00adwide. The company is at the fore\u00adfront of the next-gene\u00adra\u00adtion intra\u00adnet market, which Bridge\u00adpoint esti\u00adma\u00adtes is growing by 15 percent annu\u00adally and is curr\u00adently worth an esti\u00adma\u00adted USD 9 billion. This growth is being driven by a signi\u00adfi\u00adcant move away from legacy and in-house systems, the need for a single plat\u00adform to inte\u00adgrate dispa\u00adrate appli\u00adca\u00adti\u00adons and an increased focus on employee enga\u00adge\u00adment and retention.<\/p>\n
LumApps conti\u00adnues to expand its presence in the employee expe\u00adri\u00adence indus\u00adtry by deve\u00adlo\u00adping advan\u00adced features such as video and mobile, as well as inno\u00adva\u00adtive new products such as the Gen-AI Compa\u00adn\u00adion and micro-lear\u00adning solu\u00adti\u00adons. With world-class tech\u00adno\u00adlogy and the ability to lead the market in inno\u00adva\u00adtion, LumApps has been able to expand its market share in all markets in which it opera\u00adtes, inclu\u00adding the US, Western Europe and Japan.<\/p>\n
Bridge\u00adpoint will support LumApps in acce\u00adle\u00adra\u00adting its inter\u00adna\u00adtio\u00adnal expan\u00adsion, with a focus on the US. At the same time, the company will conti\u00adnue to invest in product deve\u00adlo\u00adp\u00adment to improve the employee expe\u00adri\u00adence through advan\u00adced AI and machine lear\u00adning tech\u00adno\u00adlo\u00adgies, commer\u00adcia\u00adlize new products and conti\u00adnue M&A activities.<\/p>\n
Bridge\u00adpoin\u00adt\u2019s stra\u00adte\u00adgic invest\u00adment in LumApps builds on the company\u2019s proven track record of support\u00ading soft\u00adware compa\u00adnies that serve enter\u00adprise custo\u00admers in expan\u00adding markets and have multi\u00adple levers to drive growth. Previous invest\u00adments include Kyriba, Fenergo, Calypso, eFront and Brevo.<\/p>\n
This tran\u00adsac\u00adtion is the seventh acqui\u00adsi\u00adtion by BE VII.<\/p>\n
S\u00e9bas\u00adtien Ricard, CEO of LumApps<\/strong>, said: \u201cThe stra\u00adte\u00adgic part\u00adner\u00adship with Bridge\u00adpoint repres\u00adents a logi\u00adcal and signi\u00adfi\u00adcant step in LumApps\u2019 growth trajec\u00adtory, follo\u00adwing the successful comple\u00adtion of our Series A, B and C finan\u00adcings and the profi\u00adta\u00adble growth we have achie\u00adved. By ente\u00adring the next phase of the company\u2019s deve\u00adlo\u00adp\u00adment, we want to acce\u00adle\u00adrate our growth and inno\u00adva\u00adtion in key areas of our busi\u00adness. This includes exten\u00adding our leader\u00adship in packa\u00adged intra\u00adnet solu\u00adti\u00adons and expan\u00adding into the broa\u00adder employee expe\u00adri\u00adence market with AI-powered tools to offer the only solu\u00adtion that deli\u00advers commu\u00adni\u00adca\u00adtion, colla\u00adbo\u00adra\u00adtion and lear\u00adning on the same plat\u00adform. With Bridge\u00adpoint as a part\u00adner, we are well equip\u00adped to conti\u00adnue inves\u00adt\u00ading in inno\u00adva\u00adtion to actively shape the future of enga\u00adge\u00adment and colla\u00adbo\u00adra\u00adtion in the workplace.\u201d<\/p>\n David Nicault, Part\u00adner, and Nadia Cid, Direc\u00adtor at Bridge\u00adpoint<\/strong>said: \u201cLumApps is a global market leader with world-class products and tech\u00adno\u00adlo\u00adgies. This is under\u00adpin\u00adned by an impres\u00adsive growth rate that is double that of the market. With its strong French roots and an estab\u00adlished presence in key markets such as the US and Japan, LumApps fits perfectly into Bridge\u00adpoin\u00adt\u2019s plat\u00adform stra\u00adtegy. We are deligh\u00adted to be able to support LumApps in its global growth with our strong Euro\u00adpean presence and indus\u00adtry exper\u00adtise to help the company achieve its goal of beco\u00adming the leading employee expe\u00adri\u00adence platform. \u201d<\/p>\n Benoist Gross\u00admann, Senior Mana\u00adging Part\u00adner, and Anne-Char\u00adlotte Phil\u00adbert, Mana\u00adging Direc\u00adtor at Eura\u00adzeo<\/strong>, said: \u201cAs active members of the LumApps Board of Direc\u00adtors and repre\u00adsen\u00adta\u00adti\u00adves of Eura\u00adzeo on this board, we are very proud to have been able to support the manage\u00adment team in reali\u00adzing a shared vision for LumApps. LumApps has successfully estab\u00adlished itself as a global market leader in the field of digi\u00adtal employer expe\u00adri\u00adence for companies.<\/p>\n Consul\u00adtant Bridgepoint: <\/strong><\/p>\n Deut\u00adsche Bank<\/strong> (M&A Advi\u00adsor), Latham & Watkins<\/strong> (Legal Advi\u00adsor), Bain<\/strong> (Commer\u00adcial), Cross\u00adlake<\/strong> (Tech Due Dili\u00adgence), EY<\/strong> (Finan\u00adcial and Tax Due Dili\u00adgence), D\u2019Orn\u00adano + Co<\/strong> (Growth Due Dili\u00adgence), ERM (ESG Due Dili\u00adgence) and Marsh<\/strong> (Insu\u00adrance Due Diligence).<\/p>\n Consul\u00adtant LumApps:<\/strong><\/p>\n William Blair<\/strong> (M&A Advi\u00adsor), DLA Piper<\/strong> (M&A Legal Advi\u00adsor), Squire Patton Boggs<\/strong> (VDD Legal Advi\u00adsor), Dune (Corpo\u00adrate Legal Advi\u00adsor), EY-Parthe\u00adnon<\/strong> (VDD Commer\u00adcial and Tech\u00adno\u00adlo\u00adgi\u00adcal Advi\u00adsor), EY<\/strong> (VDD Finan\u00adcial Advisor) .<\/p>\n About LumApps<\/strong><\/p>\n LumApps is a next-gene\u00adra\u00adtion intra\u00adnet SaaS plat\u00adform that allows employees to connect to their orga\u00adniza\u00adtion and work from anywhere. By provi\u00adding a modern, intel\u00adli\u00adgent digi\u00adtal hub, LumApps is revo\u00adlu\u00adtio\u00adni\u00adzing employee inter\u00adac\u00adtion, produc\u00adti\u00advity and lear\u00adning in the work\u00adplace. LumApps uses an AI-powered plat\u00adform to make intel\u00adli\u00adgent, targe\u00adted inter\u00adnal commu\u00adni\u00adca\u00adtion effort\u00adless and centra\u00adlize key HR resour\u00adces and busi\u00adness appli\u00adca\u00adti\u00adons on a single plat\u00adform, regard\u00adless of the colla\u00adbo\u00adra\u00adtion suite: Google Workspace or Micro\u00adsoft 365.<\/p>\n With more than five million users and around 700 custo\u00admers world\u00adwide, LumApps is reco\u00adgni\u00adzed as a Leader in the 2023 Gart\u00adner\u00ae Magic Quadrant\u2122 for Intra\u00adnet Packa\u00adged Solu\u00adti\u00adons. LumApps is part of the French Tech 120 program.<\/p>\n About Bridge\u00adpoint<\/strong><\/p>\n Bridge\u00adpoint Group plc is a listed inter\u00adna\u00adtio\u00adnal alter\u00adna\u00adtive asset mana\u00adger focu\u00adsed on mid-market compa\u00adnies. With assets under manage\u00adment of over EUR 62 billion (inclu\u00adding ECP after closing of the tran\u00adsac\u00adtion), the company employs around 200 invest\u00adment experts in Europe, North America and Asia. Bridge\u00adpoint combi\u00adnes global reach with local market know\u00adledge and sector exper\u00adtise to consis\u00adt\u00adently deli\u00adver compel\u00adling returns across econo\u00admic cycles. Bridge\u00adpoint pursues a diver\u00adsi\u00adfied invest\u00adment stra\u00adtegy in four verti\u00adcal areas: Mid-Cap, Smid-Cap, Growth and Credit. Bridge\u00adpoint has a track record of land\u00admark tran\u00adsac\u00adtions in the tech\u00adno\u00adlogy sector, inclu\u00adding eFront, Calypso, Kyriba and Brevo.<\/p>\n https:\/\/www.bridgepoint.eu<\/p>\n","protected":false},"excerpt":{"rendered":" Lyon \/ Frank\u00adfurt \/ London \u2014 Bridge\u00adpoint and LumApps have announ\u00adced the upco\u00adming invest\u00adment of Bridge\u00adpoint Europe VII (\u201cBE VII\u201d), a leading mid-market invest\u00adment fund, in the next gene\u00adra\u00adtion cloud-based intra\u00adnet commu\u00adni\u00adca\u00adti\u00adons solu\u00adti\u00adons provi\u00adder. As part of the current tran\u00adsac\u00adtion, valued at USD 650 million, LumApps\u2019 exis\u00adting inves\u00adtors \u2014 Growth Equity from Gold\u00adman Sachs Alternatives, [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":51508,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1365,1366,1367,1368,1369,1377,1380],"tags":[],"class_list":["post-51510","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-private-equity-en","category-news-en","category-lawyers-tax-advisors-auditors-en","category-lawyers-tax-consultants-auditors","category-investors","category-corporate-finance-ma","category-management-consultants-investor-relations-en"],"yoast_head":"\n