Bahrain’s Investcorp is stepping back from Shine, the European digital platform that streamlines company creation, invoicing, banking, and accounting for small and medium-sized businesses. The alternative investment firm will sell its majority stake to Cegid, a cloud and AI solutions provider backed by Silver Lake, through its subsidiary, Investcorp Technology Partners.
Shine, formerly known as Ageras, has built a footprint across France, the DACH region, the Netherlands, and Denmark, earning unicorn status along the way. Investcorp first came on board in 2017, helping fuel the platform’s expansion across Europe.
Financial terms of the sale have not been disclosed, and the deal is awaiting regulatory clearance.
