Arcmont, Ares Lead €1.1 Billion Cegid Loan as AI Selloff Rattles Software
Updated
Updated · Bloomberg · Jun 8
Arcmont, Ares Lead €1.1 Billion Cegid Loan as AI Selloff Rattles Software
1 articles · Updated · Bloomberg · Jun 8
Summary
€1.1 billion in private credit is being extended to French business software firm Cegid, with Arcmont Asset Management and Ares Management leading the financing.
Vista Credit Partners and PGIM are also participating in the loan, according to people familiar with the private deal.
The financing signals lender confidence in Cegid and the broader software sector even after an AI-driven market selloff hit software valuations.
Cegid is backed by Silver Lake Management, placing a major sponsor behind one of the latest large private-credit bets in European software.