to help continue building a leading LegalTech platform across Europe
Montpellier, France and London, UK. 19 November 2020 – Hg, Europe’s leading software investor, today announces an investment in The Septeo Group (“Septeo”), a European leader in LegalTech. Hg will invest alongside founders Philippe Rivière, Jean-Luc Boixel, Hugues Galambrun and the management team, which will continue to be led by Hugues Galambrun.
The terms of the transaction are not disclosed and closing of the transaction is conditional on customary anti-trust approvals.
Septeo is a leading LegalTech provider supporting professions including notaries, law firms, corporate legal departments and real estate property managers in France, Belgium, Canada and the US. Founded in 1988, Septeo now has over 12,000 clients and more than 120,000 users, served by over 1,400 employees.
The investment reinforces Hg’s focus on legal and regulatory compliance tech, representing the 11th investment in this sector across Europe and North America, with over €1.5bn invested in the sector to date.
Hugues Galambrun, CEO at Septeo, said: “This announcement represents a milestone for Septeo. It has been a huge achievement to get the business to this point and we thank all of our incredible colleagues for their hard work over many years. Hg will actively support Septeo’s investment in the development of new innovative solutions, helping us to achieve further productivity and efficiency gains for our customers. This partnership with Hg will also help us continue to pursue our growth strategy, enabling us to bring new talent into the business, strengthen our innovation and continue with targeted acquisitions.”
Philippe Rivière and Jean-Luc Boixel, added: “Hg is a partner for several technology champions in France and across Europe. We look forward to introducing this experience and network to our business, working alongside the group’s existing shareholders and management, to continue to reinforce Septeo’s position as a national and European champion in vertical software and IT services.”
Jean-Baptiste Brian, Sebastien Briens and Joris Van Gool, Partners at Hg, said: “Hg invests in businesses that demonstrate compelling long-term growth potential, built around strong technology foundations and talented teams. Septeo is an exceptionally high-quality provider of software serving the LegalTech space and there is an exciting opportunity to further scale what is already a great platform, to help drive digitalisation across the legal system and beyond. We’re really excited about the potential and look forward to partnering with such a strong and proven team, led by Hugues, Jean-Luc and Philippe.”