Founders, management, Serena, XAnge and Seventure have sold PrestaShop to MBE, a portfolio company of Oaktree
Founded in 2007 as a pioneer in open-source software, PrestaShop is now a leading e-commerce platform in Europe and Latin America, with expanding global market share. The company enables small to medium-sized enterprise (SME) merchants to create, customize, operate and develop their e-commerce presence worldwide. PrestaShop’s platform generated over €22 billion in sales across more than 300,000 online stores in 2020.
Joining forces with the shipping and fulfillment specialist MBE, PrestaShop will pursue its mission to become a leading, global e-commerce platform to power businesses’ growth. The merged group will provide a fully integrated, seamless customer experience. MBE and PrestaShop share a common vision, focusing on one strategic customer segment: SMEs. Combining their respective expertise in digital and physical location-based commerce, the two entities will target significant growth potential in their core geographical strongholds and complementary base of 600,000 merchants in Europe and over one million merchants worldwide.
Matthieu Rosset, Managing Director in Lincoln’s Technology, Media & Telecom Group, commented, “It’s been a great pleasure to have represented PrestaShop and its shareholders on this cross-border strategic transaction. We look forward to watching the combined success of PrestaShop and MBE.”
Michael Fineman, Managing Director in Lincoln’s Technology, Media & Telecom Group, added, “PrestaShop is a clear global leader in the e-commerce enablement sector, with innovative technology that is well positioned to capitalize on the continued evolution of the market. This transaction with MBE further evidences Lincoln’s international coordination and capabilities to find the right partners for our clients.”
Lincoln acted as the exclusive financial advisor to PrestaShop’s shareholders, working closely with the management team and the shareholders throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, due diligence and negotiation phases of the transaction.
Lincoln’s thoughtful advice throughout the process has been instrumental in achieving this great outcome. The team brought first-hand experience in conducting cross-border transactions, leveraging their unique sector expertise and global relationships.
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