Transaction
Transaction Details
Closed
December 4, 2020
Sector
Technology, Software
Deal Type
Mergers and Acquisitions
GCA Advises LEA Partners on the Sale of IDL Group to insightsoftware
GCA is pleased to announce we acted as exclusive financial advisor to LEA Partners on the sale of IDL, a leading provider of financial performance management software, to insightsoftware, a global provider of enterprise software solutions for the Office of the CFO and a portfolio company of TA Associates and Genstar Capital.
Founded in 1990, IDL offers a financial performance management suite that includes software solutions for financial consolidation, planning, reporting and analytics. IDL is a recognized market leader by the European Business Application Research Center (BARC) with a #1 ranking for its software’s portfolio capabilities. The company serves mid-sized and enterprise customers across a diverse range of industries.
Sebastian Müller, Founder of LEA Partners, said: “We strongly supported the IDL team to accelerate their growth during our investment period, including a variety of strategic projects covering technology, sales and marketing and value-enhancing acquisitions. We have truly enjoyed working with the entire IDL team and are delighted that IDL can continue its successful journey with insightsoftware, a truly global leader in financial reporting and enterprise performance management software.”
The terms of the transaction were not disclosed.
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