sur EURAZEO (EPA:RF)
EURAZEO Announces Sale of Its Stake in LumApps
Eurazeo, along with Goldman Sachs, BPI France, and Iris Capital, has announced an agreement to sell their stakes in LumApps to Bridgepoint. LumApps is a leading Employee Experience platform for businesses.
Since 2017, Eurazeo has supported LumApps through various reinvestments to aid its global expansion and growth. The transaction is expected to generate over €210 million for Eurazeo’s funds and achieve cash-on-cash multiples of nearly 9x for venture funds and 4.4x for growth funds.
LumApps, founded in 2012 and based near Lyon, France, offers a cloud-based social intranet platform. The company boasts over five million users across 700 corporate clients and has been profitable since 2023.
Representatives from Eurazeo expressed pride in LumApps’ achievements, highlighting the company’s 15-fold revenue increase and successful global footprint expansion.
R. H.
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