General Atlantic, Oakley Said to Near €1 Billion Brevo Deal (1)

A consortium consisting of General Atlantic and Oakley Capital is nearing a deal to buy Brevo in a deal that values the French software-as-a-service business at about €1 billion ($1.1 billion), people familiar with the matter said.

The private equity firms are in exclusive talks with Brevo’s major investors including Bridgepoint Group Plc, Partech Partners and Bpifrance, said the people, who asked not to be identified as the information. Bridgepiont and Bpifrance are likely to retain minority stakes, while Partech is fully exiting its holding via the transaction, the people said. An agreement could be announced within days, they ...