- As Diapason’s new reference shareholder, PSG replaces Seven2, a shareholder since 2020
- Diapason’s management team will continue as shareholders alongside PSG Equity
- Diapason aims to consolidate its position in France among large corporate clients
PSG Equity announced it has become the new reference shareholder of Diapason, a French treasury and risk management software provider for large and mid-sized companies.
Prior to the transaction, Paris-based Diapason was majority owned by Seven2 (formerly Apax Partners). Apax Partners Development invested in Diapason in November 2020.
The transaction will enable the management team to consolidate the company’s position in France in the large and mid-market segments, according to a press statement. PSG will also help Diapason to develop its international presence, the release added.
“We were impressed by the relevance of their solutions, led by a strong and qualified management team,” said Romain Railhac, managing director at PSG. “With PSG, Diapason will be able to expand and capitalize on the growing opportunities in the digitalization of financial processes within companies. Our in-depth knowledge of the sector will enable the company to accelerate its growth strategy and position itself as a European champion in cash management.”
PSG is a growth equity firm that invests in software and technology-enabled services companies. The firm is based in Boston, Massachusetts.