Silver Lake, the global leader in technology investing, today announced that it has completed the acquisition of 100% of Silae, a specialist provider of cloud-based payroll and HR software for the French market, from its founding shareholders.
The transaction, announced on July 8, 2020, has received the approval of the French antitrust authority. Silae’s governance has been modified to reflect the new shareholding structure and Christian Lucas, Co-Head of Silver Lake EMEA, has been appointed Chairman of the Board.
Silver Lake is planning to invest meaningfully into Silae and support it in its next phase of development as the company is well-positioned to further accelerate its growth, through innovative new products and services.
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