Cegid Acquires Shine to Become Europe’s Next Financial Copilot
Hey FinTech Fanatic!
Cegid has entered a definitive agreement to acquire Shine.
Together, they aim to build a unified, cloud-native financial hub for more than one million SMBs and 15,000 accountants across Europe. The platform will bring together e-invoicing, accounting, payroll, payments, tax… all under one roof.
Shine brings more than 400,000 SMB customers, a strong brand, and a scalable tech stack. Its co-founders, Rico Andersen and Martin Hegelund, have been building toward this moment for years.
Cegid, backed by Silver Lake and led on this deal by Christian Lucas, sees Shine as a cornerstone in its next phase of European expansion.
Jean-Michel Aulas, Cegid’s founder, also highlighted that the combination strengthens Cegid’s long-standing commitment to supporting SMBs and their accountants.
And there’s another important angle here: the deal was advised by FT Partners, led by founder and CEO Steve McLaughlin, continuing their strong momentum in major European and CFO-stack transactions this year.
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M&A
🇫🇷 Cegid acquires Shine to accelerate the path to becoming Europe's leading financial copilot for SMBs and accountants. Both companies share a clear vision: empowering entrepreneurs by removing the complexity of running a business. Cegid and Shine will enable small business owners to spend significantly less time on administration and more time focused on their craft.
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