3P is a software vendor specialising in public procurement solutions. 3P’s platform covers the entire procurement and post-procurement cycle for public sector institutions. This transaction is Eurazeo PME IV’s eleventh investment, its third outside France, and underlines the small-mid buyout team’s experience in supporting high-growth European technology and services companies in their international expansion.

Founded in 2001, the Belgian company 3P offers a fully integrated platform with a SaaS revenue model designed to automate, secure and optimise tendering, procurement and post-procurement processes. The platform also supports customers in complying with the latest European, national and regional legislation and requirements. 3P’s solutions are used by more than 2,000 public sector customers in Belgium and France. Customers include municipalities, regional authorities, hospitals, universities, police forces and many more.

3P is experiencing strong double-digit growth by providing software that enables public organisations to save time, streamline purchasing processes, reduce administrative burden and ensure compliance with national and European regulations. Eurazeo will support 3P’s development by accelerating the European expansion strategy already initiated in France by the existing shareholders – the founders, 3d investors and ING – who are reinvesting alongside Eurazeo and the management team.

Eight Advisory team members supporting this transaction:

Financial vendor due diligence: Pieter Wygaerts (Partner), Kenneth Pauwels (Director), Caroline Pham (Senior), Tom De Smedt (Senior), Carl Couvreur (Analyst)
Tax due diligence and tax structuring: Christian Van Craeyvelt (Partner), Jean-Louis Vansimaeys (Manager), Nils Utens (Senior)