Harris Williams Advises Eurazeo on its Pending Acquisition of Scaled Agile
November 18 2021 - 1:53PM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces it is advising Eurazeo (EPA:
RF) on its pending acquisition of Scaled Agile, Inc. (Scaled
Agile), a portfolio company of Leeds Equity Partners (Leeds Equity)
and Rubicon Technology Partners (Rubicon). Scaled Agile is a
leading global provider of the framework, platform, professional
training content and certifications for implementing business
agility practices across the enterprise. Eurazeo will hold a
majority stake and invest approximately $300 million alongside
existing investors Leeds Equity and the Scaled Agile management
team. The transaction is being led by the Harris Williams
Technology Group.
“Scaled Agile has established itself as a category leader in
business agility, providing a unique framework, along with
proprietary training content and tools, that enables global
organizations to successfully undergo digital transformations,”
said Andy Leed, a director at Harris Williams. “Eurazeo’s
investment will enable Scaled Agile to continue to accelerate its
growth both organically and through M&A while bringing the
SAFe® framework to more enterprises worldwide.”
“We are grateful to have had the opportunity to extend our
successful track record in the professional education and DevOps
sectors,” said Thierry Monjauze, a managing director and the head
of the Technology Group at Harris Williams. “It was a pleasure
advising Eurazeo and we are excited for the next chapter of growth
for Scaled Agile.”
Eurazeo is a leading global investment group, with a diversified
portfolio of $30.8 billion (27.0 billion euros) in assets under
management, including $21.9 billion from third parties, invested in
over 450 companies. With its considerable private equity, real
estate and private debt expertise, Eurazeo accompanies companies of
all sizes, supporting their development through the commitment of
its 350 professionals and by offering deep sector expertise, a
gateway to global markets, and a responsible and stable foothold
for transformational growth. Its solid institutional and family
shareholder base, robust financial structure free of structural
debt, and flexible investment horizon enable Eurazeo to support its
companies over the long term. Eurazeo has offices in Paris, New
York, Sao Paulo, Seoul, Shanghai, Singapore, London, Luxembourg,
Frankfurt, Berlin, Milan and Madrid. Eurazeo is listed on Euronext
Paris.
Scaled Agile is the provider of SAFe®, one of the world's
leading frameworks for business agility, a critical element to
empowering digital transformation. Through learning and
certification, a global partner network and a growing community of
over one million trained professionals, Scaled Agile helps
enterprises build agility into their culture so they can quickly
identify and deliver customer value, capitalize on emerging
opportunities, and improve business outcomes. Scaled Agile was
founded in 2011 and is based in Boulder, Colorado.
Leeds Equity is a New York-based private equity firm dedicated
exclusively to partnering with management teams in the education,
training and information and data management services industries
(the "Knowledge Industries"). The firm was founded in 1993 and has
managed over $4 billion of capital across a broad spectrum of
companies within the Knowledge Industries. Leeds Equity seeks to
leverage its sector-focused expertise and market insights to create
long-term value for its partner companies.
Rubicon invests in enterprise software companies with proven
products and talented management teams to help grow and scale their
businesses. Rubicon enables companies to adapt to the changing
requirements of their businesses as they grow and scale using a
proven set of proprietary processes, best practices and a
portfolio-wide engagement model. Rubicon has over $2 billion in
assets under management and is headquartered in Boulder, Colorado,
with additional offices in New Haven, Connecticut, and Palo Alto,
California.
Harris Williams, an investment bank specializing in M&A
advisory services, advocates for sellers and buyers of companies
worldwide through critical milestones and provides thoughtful
advice during the lives of their businesses. By collaborating as
one firm across Industry Groups and geographies, the firm helps its
clients achieve outcomes that support their objectives and
strategically create value. Harris Williams is committed to
execution excellence and to building enduring, valued relationships
that are based on mutual trust. Harris Williams is a subsidiary of
the PNC Financial Services Group, Inc. (NYSE: PNC).
The Harris Williams Technology Group advises leading private and
public companies, founders, and private equity, growth equity and
venture capital firms on mergers and acquisitions and
capital-raising transactions worldwide. The Technology Group has
deep domain expertise in software and technology-enabled services
and dedicated focus areas across a variety of vertical software
applications and end markets. For more information on the
Technology Group and its recent transactions, visit the Technology
Group’s section of the Harris Williams website.
Harris Williams LLC is a registered broker-dealer and member of
FINRA and SIPC. Harris Williams & Co. Ltd is a private limited
company incorporated under English law with its registered office
at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered
with the Registrar of Companies for England and Wales (registration
number 07078852). Harris Williams & Co. Ltd is authorized and
regulated by the Financial Conduct Authority. Harris Williams &
Co. Corporate Finance Advisors GmbH is registered in the commercial
register of the local court of Frankfurt am Main, Germany, under
HRB 107540. The registered address is Bockenheimer Landstrasse
33-35, 60325 Frankfurt am Main, Germany (email address:
hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery
H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a
trade name under which Harris Williams LLC, Harris Williams &
Co. Ltd and Harris Williams & Co. Corporate Finance Advisors
GmbH conduct business.
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