Francoise Bettencourt Meyers, the heiress of L’Oreal SA, is set to acquire around 13% of Septeo SAS, a software supplier catering to notaries, lawyers, and human resource departments, through her family's investment firm, Tethys Invest SAS.
Singapore's sovereign wealth fund GIC is also expected to take a similar stake in the company.
Private equity firm Hg will maintain a majority interest in Septeo, indicating a strong interest in the software sector despite fluctuations in other areas.