Silver lake features struck its latest price in france by agreeing to buy economic services agent meilleurtaux from goldman sachs for approximately 700m, people who have direct knowledge of the problem said.

The transaction for meilleurtaux, best known among customers for its mortgage comparison resources, markings the second financial investment into a french technology company by silver lake in current days.

It is also the newest indication your united states personal equity group is wanting doing even more deals in europe after spending a lot of the coronavirus crisis striking investments in america and india.

Established in 1999, paris-based meilleurtaux provides consumers with reviews on customer lending options ranging from mortgages to credit cards. economic information about its product sales or revenue weren't immediately offered.

The purchase by silver lake marks the 3rd time it'll go through personal equity arms. in 2017, the buyout product within goldman sachs obtained a big part stake in the industry, that was previously owned by london-based equistone partners that used a few bolt-on deals to enhance the business.

Silver lake and goldman sachs may announce your sides have actually registered into exclusive negotiations to finalise the arrangement, which nonetheless has to be approved because of the companys works council, once wednesday. the deal was first reported in frances lagefi.

Silver lake is regarded as a few mostly us-based exclusive equity teams which were specifically active in creating discounts because the outbreak of the pandemic, agreeing to buy airbnb, twitter, expedia, alphabets self-driving product waymo therefore the indian telecoms team reliance jio.

This thirty days silver lake consented to purchase the french payroll provider silae in a 570m acquisition that marked its very first european bargain considering that the pandemic started.

That offer therefore the meilleurtaux investment as well as a 2016 investment inside french enterprise management pc software group cegid had been led by christian lucas, co-head of gold ponds european company.

Gold lake and goldman sachs declined to comment, and meilleurtaux did not straight away respond to a demand to review.