The agreement saw Astorg buy its stake from Redslim founders Eric Bensimon, Alberto Alcaniz, Soren Altmann and Patric Mezei, who will use the funds to reinvest significantly in the business.

Astorg will support Redslim’s growth and international expansion following the acquisition of a majority stake, working closely with the founders and management team.

Redslim has more than 100 employees and a proprietary data management platform, and aggregates and optimises data consumption for more than 30 global organisations, including consumer-packaged goods and consumer healthcare firms.

Alberto Alcaniz, co-founder and co-chief executive at Redslim, said: “We are delighted to work alongside Astorg as we continue to deliver on our strategic mission and enable new use cases and functionalities for our clients to unlock the full potential of data and address their evolving and complex needs.

“Astorg will support the growth of Redslim over the next few years and help deliver our ambitious plans for our clients and our team.”

Charles-Hubert Le Baron, partner, head of software and technology at Astorg Mid-Cap, said: “We have spent considerable time gaining deep insights into Redslim’s industry, while initiating a dialogue with the founders a few months ago.

“We are impressed by Redslim’s unique positioning and highly differentiated offering, which are reflected in strong customer satisfaction and upselling trends. The company’s ability to attract top industry talents has built very solid foundations, and we are eager to partner with the team to drive accelerated growth and international expansion.”

Lionel de Posson, partner and co-head of Astorg Mid-Cap, added: “Redslim is exactly the type of business Astorg likes to partner with: it is undeniably a global B2B niche champion, with strong growth and innovation momentum, and an ambitious leadership team.

“Our deep experience in software and technology, paired with our entrepreneurial culture will be key to successfully accompany Redslim towards new exciting milestones for the benefit of its clients, employees and all its stakeholders.”