Silver Lake to merge Cegid and Silae in deal valued at more than €10 billion
In France, investment fund Silver Lake plans to merge software developers Cegid and Silae in a deal with an enterprise value of more than €10 billion. As CNBC Top News reports, the combined business will cover software products for payroll, accounting, electronic invoicing, digital finance and payment data.
Investment in development and AI
Cegid sells business management software, while Silae offers a platform for payroll calculation and human resources management. After the merger, the companies will form a team of 1,400 developers to invest in artificial intelligence technologies.
In a joint statement, the companies said the merger would make it possible to scale investment in research and development amid the advancement of AI. According to the Financial Times, the combined business is expected to generate annual revenue of €1.6 billion.
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Terms of the deal
Silver Lake is the majority shareholder of Cegid and Silae and will retain this status in the new combined group. The deal requires regulatory approvals and is expected to close in the first half of 2027.
Christian Lucas, managing partner at California-based Silver Lake, will chair the board of directors of the combined company. According to him, Cegid and Silae will be able to offer small and medium-sized businesses, as well as their professional advisers, a suite of software products and AI-based solutions.
Shares of software companies fluctuated in 2026 amid concerns about the possible impact of the rapid development of artificial intelligence on the sector. Some stocks later recovered, but investor concerns persist.
