Eurazeo, along with its partners Goldman Sachs, BPI France, and Iris Capital, has announced the sale of their stakes in LumApps to Bridgepoint. Eurazeo has supported LumApps since 2017, facilitating its international expansion and growth through successive reinvestments. The transaction is expected to generate over 210 million euros in total gross sale proceeds for the Group’s funds, resulting in cash-on-cash multiples of nearly 9x for Venture strategy funds and 4.4x for Growth strategy funds. LumApps, founded in 2012 and headquartered near Lyon, France, offers a cloud-based employee experience platform integrated with enterprise software like Microsoft 365 and Google Workspace. Eurazeo’s support has enabled LumApps to increase revenues 15-fold, expand globally, and achieve profitability. The company now serves over 700 corporate clients and boasts more than five million users. Eurazeo praised the collaboration and expressed confidence in Bridgepoint’s capacity to support LumApps’ future growth.
Private Equity, Technology, Enterprise Software,France, United States, Global
https://www.eurazeo.com/en/newsroom/press-releases/eurazeo-announces-sale-its-stake-lumapps