Pan-European private equity firm Silverfleet Capital will sell its minority stake in OneStock, a European order management system SaaS provider, to private investment firm Summit Partners.
Financial details of the transaction, which is expected to close during May 2024 subject to certain regulatory approvals, have not been disclosed.
OneStock is headquartered in Toulouse, France and operates offices in London, Paris and Milan. According to a press release, its platform facilitates over €2.5bn of orders each year.
Silverfleet invested in the business in 2021, marking the last investment from its lower mid-market European Development Fund.
Silverfleet and the selling shareholders were advised by Alantra and Hogan Lovells.
