• Clipperton acted as the sole financial advisor to Rydoo, a leading global expense management software provider, and its majority shareholder, Marlin Equity Partners, on its investment from Eurazeo through its Small-mid buyout team.
  • The management teams of Rydoo and Eurazeo share a commitment to driving innovation to enhance client value propositions and maintain high satisfaction levels, a crucial factor in Rydoo’s rapid organic growth.
  • This deal solidifies Clipperton’s expertise and track record advising European clients on international SaaS deals and buy-out transactions.

Our Client

  • Headquartered in Belgium, Rydoo provides a flexible and powerful SaaS solution to automate corporate expense management with best-in-class end-user experience and advanced features to address the needs of finance departments.
  • The company serves a loyal and growing customer base of 3000+ midsize and enterprise clients across 132 countries. 
  • Operating in a large global market experiencing double-digit growth thanks to positive structural drivers (penetration of digital expense management solution, new features such as smart audit, etc..)
  • Rydoo has delivered a strong growth track record, posting over +32% organic CAGR over the past years to reach €20+m ARR.

Deal Rationale

  • Rydoo’s product offering empowers corporate clients to manage and control employee spending through smart and automated expense management solutions.
  • This transaction marks Eurazeo PME IV’s ninth investment, aligning with fund’s Small-mid buyout strategy focused on supporting fast-growing European technology and B2B services SMEs in their international expansion.
  • Sebastien Marchon, CEO of Rydoo, said: «Rydoo has established itself as a key player in Expense Management with a large base of loyal international clients that we serve in 132 countries. We are ready to accelerate and strengthen our position in key markets. Eurazeo, with its tech expertise, value creation insights, and global presence, is the ideal partner for this new chapter. We are excited to start working with Eurazeo Small-mid buyout team. We feel very aligned in terms of pragmatic business mindset and core values, including a strong ESG commitment.»
  • The finalization of the transaction remains subject to the realization of customary closing process and obligations. Eurazeo will become the majority shareholder in Rydoo. Current financial sponsor Marlin Equity Partners will reinvest significantly to continue backing Rydoo’s success alongside Eurazeo.

Clipperton’s strong track record in advising on international SaaS deals and buy-out transactions

Deal Team

Read the French press release here.

About Clipperton

Clipperton is a leading investment bank dedicated to technology and growth companies. We provide strategic and financial advisory to entrepreneurs, corporates, and top-tier investors in Europe who are willing to execute transactions such as strategic M&A private equity transactions, and private placements. Founded in 2003 and with offices in Paris, Berlin, Munich, London, New York, and Beijing, Clipperton has completed over 400 M&A and private placement transactions with fast-growing technology start-ups, blue-chip corporates, and renowned financial investors.