William Blair acted as the exclusive financial advisor to LumApps, a portfolio company of Eurazeo, Goldman Sachs Growth, Bpifrance, and IRIS Capital Group (IRIS) in connection with its pending strategic investment from Bridgepoint Group (Bridgepoint) in a deal valued at $650 million. The transaction was announced on May 28, 2024, and is expected to close in July 2024 subject to customary approvals by regulatory authorities.
About the Companies
LumApps is a next-generation employee experience platform that enables employees to feel connected to their organization and engaged in their work from anywhere. By delivering a modern, smart digital headquarters, LumApps is revolutionizing employee engagement, productivity and learning at work. LumApps utilizes an AI-powered platform to make smart, targeted internal communications more effortless and centralizes important HR resources and business apps into a single platform regardless of the collaboration suite (for both Google Workspace or Microsoft 365). With more than 5 million users and about 700 clients worldwide, LumApps is recognized as a Leader in 2023 Gartner Magic Quadrant for Intranet Packaged Solutions.
Eurazeo is a leading European investment group with €35 billion in diversified assets under management, including €24 billion on behalf of institutional and private clients through its private equity, private debt, real estate, and infrastructure strategies. The firm supports more than 600 mid-market companies, leveraging the commitment of its 400 employees, its sector expertise, its privileged access to global markets via 12 offices in Europe, Asia and the United States, and its responsible approach to value creation based on growth.
Goldman Sachs Group, founded in 1869, is a leading global investment banking, securities, and investment management firm. Goldman Sachs Asset Management division delivers investment and advisory services across public and private markets for the world’s leading institutions, financial advisors, and individuals. Since 2003, Growth Equity at Goldman Sachs Asset Management, comprising 75 individuals, has invested over $13 billion in growth companies. The firm focuses on investments in growth stage and technology-driven companies spanning multiple industries, including enterprise technology, financial technology, consumer, and healthcare.
Bpifrance is the French Sovereign Wealth Fund with over €36 billion assets under management. Bpifrance invests in startups, SMEs and mid-caps through direct investment and fund of fund activity. Bpifrance finances companies – at every stage of their development – through loans, guarantees, equity investments and export insurances.
IRIS is a European Venture and Growth firm specialized in tech, investing in seed, Series A, late stage, and growth. With offices and teams in Paris, Berlin, and Munich and a keen understanding of their markets and a robust international network, IRIS is a selective partner to the upcoming scale-ups and tech giants, helping them increase their visibility, business reach, and impact.
Bridgepoint is a listed international alternative asset manager focused on middle-market companies. With more than €41 billion of assets under management, the company has nearly 200 investment professionals in Europe, North America, and Asia. Bridgepoint combines global scale with local market insight and sector expertise, consistently delivering strong returns through cycles. Bridgepoint invests with four distinct strategies: Mid-cap, Smid-cap, Growth and Credit. The company has been present in France for over 35 years, where it has one of the largest investment teams and a track record of landmark deals in the technology space, including efront, Calypso, Kyriba and Brevo.
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