Deal Snapshot
SAGE GROUP TO SELL BRAZILIAN BUSINESS FOR GBP 1M
Wednesday 04 March 2020

UK-based enterprise software company The Sage Group plc (LSE: SGE) has agreed to sell its Brazilian business, following an auction process, for GBP 1m (USD 1.28m) plus deferred consideration of up to GBP 9m (USD 11.5m), the company said.

The divestiture will allow Sage to focus on subscription software solutions in the Sage Business Cloud, the company said.


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Details
Date Published: 04/03/2020
Target: Sage/Brazil business
Country: Brazil
Deal Size: 1.28m (USD)
Sector: Computer Software
Type: Divestment
Financing: Cash
Status: Agreed
Vendor: The Sage Group
Buyer:
Comment:


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