Axway will use some debt for €340 million Sopra Software acquisition

Chicago, Feb. 21 – Axway Software SA announced that it will be acquiring most of Sopra Banking Software activities for an enterprise value of €330 million, according to a press release.

The acquisition will be partially funded through a €130 million capital increase with preferential subscription rights and the remainder will come from new debt facilities.

Societe Generale and Groupe Credit Agricole provided a comfort letter for the debt.

The aim is to close the acquisition before the end of the second quarter of 2024, or at the latest during the third quarter.

Credit Agricole CIB is acting as financial adviser to Axway. Societe Generale is acting as financial adviser to Sopra Steria Group. Messier & Associes is acting as financial adviser to Sopra GMT.

Axway is a French-American software company. Sopra is a fintech company.

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