Ardian acquires stake in Sarbacane Software

Ardian acquires stake in Sarbacane Software

Paris, 4 July 2017– Ardian, the independent private investment company, today announces the
acquisition of a minority stake in Sarbacane Software , the leading email and digital marketing software
publisher for small businesses in France and Europe.

Founded in 2001 by current CEO Mathieu Tarnus, Sarbacane Software provides simple and efficient
digital marketing software solutions to over 10,000 customers around the world.
Over the past three years, the company has undergone a major period of investment which has allowed it
to consolidate its two established brands – “Sarbacane” in France and “Mailify“ abroad. The Company
also broadened its range of solutions with an SMS marketing tool “Primotexto”, an interface helping
software publishers and webmasters manage transactional emails “Tipimail”, and most recently a solution
for the WordPress community “Jackmail”.

Sarbacane Software CEO and founder Mathieu Tarnus said:

“ We have invested significantly in the business over the past three years. To accelerate our growth, it was important that we choose a partner with a strong understanding of the issues relating to international growth as well as the challenges
associated with expanding our product range. Given the team’s track record and entrepreneurial
approach, Ardian Growth was the obvious choice of part ner for us.”
In addition to Ardian’s expertise in supporting growth-oriented companies as well as providing support
via its extensive network, the partnership will enable the Sarbacane Software management team to increase
its international footprint, particularly across Spain, where the group already has a local presence. This
investment will also allow Sarbacane Software to seize build-up opportunities for further growth across
Europe.

Ardian Growth Director Geoffroy de La Grandière said:

“In the changing email marketing sector, Sarbacane Software has made its mark as an important
independent player developing solutions and expanding internationally, using a strong growth mo
del delivering double-digit returns.” Ardian Growth Senior Investment Manager Bertrand Schapiro
added: “Our knowledge of the digital marketing industry and the broader economic environment in sout
hern Europe will enable Sarbacane Software to continue accelerating its growth in the SMB market.”

ABOUT SARBACANE SOFTWARE

Sarbacane Software was founded in 2001 and has established itself over the past 15 years as a leader in email
and digital marketing in France and Europe. The company is managed by Mathieu Tarnus and is based in Hem,
near Lille, with offices in Barcelona and New York. It has 80 employees and over 10,000 customers worldwide.
Sarbacane Software has delivered double-digit growth since its creation. The company is targeting €20
million within the next three years and is aiming to become one of the top three European companies in the sector.

ABOUT ARDIAN

Ardian, founded in 1996 and led by Dominique Senequier, is an independent private equity company with
assets of US$62bn managed or advised in Europe, North America and Asia. The company, which is majority- owned by
its employees, keeps entrepreneurship at its heart and delivers investment performance to its global inves
tors while fuelling growth in economies across the world. Ardian’s investment process embodies three values: excellence,
loyalty and entrepreneurship. Ardian maintains a truly global network, with more than 450 employees working
through twelve offices in Paris, London, Frankfurt, Milan, Madrid, Zurich, New York, San Francisco, Beijing,
Singapore, Jersey, Luxembourg. The company offers its 580 investors a diversified choice of funds covering the full
range of asset classes, including Ardian Funds of Funds (primary, early secondary and secondary), Ardian Private
Debt, Ardian Buyout (including Ardian Mid Cap Buyout Europe & North America, Ardian Expansion, Ardian Growth
and Ardian Co-Investment), Ardian Infrastructure, Ardian Real Estate and Ardian Mandates.

www.ardian.com

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Digital workspace innovator RES Software to be acquired by Ivanti

Gimv

Digital workspace innovator RES Software to be acquired by Ivanti

RES Software, a digital workspace software company focused on improving the consumption of IT services through secure, automated workspace and identity provisioning, signed an agreement with US based Ivanti, a global leader in integrating and managing the IT digital workplace.

RES Software (www.res.com) was founded in Den Bosch (The Netherlands) in 1999. The company has grown from a start-up company into a global market leader in the field of user workspace management. RES‘ flagship offering addresses user environment management and identity governance across physical, virtual, and cloud environments via its converged platform. Their capabilities for bulk provisioning and de-provisioning user accounts will combine with Ivanti’s process automation to help IT organizations more effectively automate onboarding and off-boarding processes.

Since Gimv’s initial investment in spring 2010, RES expanded fast geographically in Europe and later on also in North America, the customer base grew significantly and revenues tripled. Today RES is operating in 27 countries with a team of over 250 people and counts about 2 500 customers worldwide. The acquisition by Ivanti aims to empower the company in extending its automation capabilities to a larger pool of applications, platforms and databases.

We thank Gimv for the valuable and professional partnership, not only for giving us financial support but for their expertise enabling our company to grow into an international software player as well,” said Bob Janssen, Founder and CTO at RES. “Today, we are excited to continue that journey within the Ivanti organization.

Elderd Land, Partner at Gimv and board member of the company comments: “Originated in the Netherlands, RES has developed into a global player, thanks to its superior technology and visionary skills of its management team. We thank the RES team for the great cooperation over the past years and we are proud having been able to be part of this successful international growth story.”

The transaction is expected to close shortly. Over the 7 year holding period, this investment generated a return in line with Gimv’s long-term average return, with no major impact on the equity value at 31 March 2017. No further details about this transaction will be disclosed.

 

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AddPro strengthens ownership structure to enable more rapid expansion. Adelis becomes new majority owner

Adelis

Since 1 January 2015, when it was acquired by its founders and partners in an MBO, AddPro has had a very strong development to become one of the leading application and cloud integrators and IT outsourcing partners in Sweden. The owners are now taking the next strategic step and are strengthening the current ownership structure by bringing in Adelis Equity as a new partner to continue to develop the business and further increase its growth.

“AddPro is in a very expansive phase. By year-end, the business will have grown by more than 70% over three years, and the number of employees will be approaching 200 people. During approximately eight months of intensive analysis, we have evaluated different alternatives and opportunities for AddPro to continue its successful journey,” says Nicklas Persson, CEO and one of AddPro’s founders. “Throughout this process Adelis stood out as a very agile player with good knowledge and understanding of AddPro’s business and very good knowledge about the IT market in Sweden and our neighbouring countries. These are traits that we, our employees and our customers value highly, and we are truly excited about continuing to develop the business together with Adelis in the Swedish and Nordic markets! We have created a real dream team,” Nicklas Persson continues.

“We are impressed by AddPro’s strong development and the market leading position the company has built in the south of Sweden – very much thanks to its strong culture, skilled management and competent staff. We have an optimistic view of the future development of the Swedish market, where the investment in AddPro constitutes an attractive platform for continued growth,” says Joel Russ at Adelis.

“AddPro has a very strong and well developed service concept and offering that we will now accelerate and offer more customers in the market as we know our concepts strengthen our customers’ competitiveness and ability to realize their respective strategies in order to reach their goals,” says Klas Ljunggren, CTO and one of the founders of AddPro. “With Adelis, we will significantly increase our service development as well as establish a presence in additional strategically important geographic areas,” Klas Ljunggren continues.

Adelis is acquiring slightly more than half the shares in AddPro in order to become a majority owner, while the founders and management will continue to own a large share of the company. An aggressive plan for growth in the Swedish market has been jointly developed.

For further information:

Nicklas Persson, AddPro AB, nicklas.persson@addpro.se, +46-73-625 75 50

Joel Russ, Adelis Equity, joel.russ@adelisequity.com, +46-73-543 30 68

About AddPro

The AddPro group is active within the IT Service segment Safe and Efficient IT, and was established in the year 2000. The business is developing very positively, is expanding rapidly and it currently has offices in Malmö (hq), Göteborg, Helsingborg and Kristianstad.

AddPro is one of the leading application and cloud integrators in Sweden. With a combination of top ranked consultants, strategic suppliers, selected cloud services, own data centres and a 24×7 manned service desk, the business can offer the market the best solutions within AddPro’s area of business. The business is expected to during 2017 approach a turnover of SEK 300 million with good profitability, and employ around 200 specialists of which around 170 are technical consultants active in one the company’s two business areas. For more information please visit www.addpro.se .

About Adelis Equity Partners

Adelis is an active partner in creating value at medium sized Nordic companies. Adelis was founded with the goal of building the leading middle market private equity firm in the Nordics. Since raising its first fund in 2013, Adelis has been one of the most active investors in the Nordic middle-market, acquiring 13 platform investments and making more than 20 add-on acquisitions. Adelis now manages approximately €1 billion in capital. For more information please visit www.adelisequity.com .

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HgCapital leads $5.3bn buyout of Visma, Europe’s largest ever software buyout

  • HgCapital leads the largest ever European software buyout in a transaction valued at NOK45bn / £4.2bn / $5.3bn
  • HgCapital led the buying investor group and will ultimately represent 41% of Visma equity as a result of this transaction; significant minority investors are Cinven, GIC, Montagu and ICG alongside management who will retain a 7% stake in the business
  • HgCapital led the public-to-private investment in Visma in 2006 and has been a key shareholder for 11 years, increasing its ownership in both 2014 and now in 2017

29 June 2017: HgCapital has today announced a further investment into Visma Group Holdings (“Visma”), a leading provider of business-critical software to SMBs in the Nordic and Benelux region. HgCapital will invest a further £238 million, in addition to its current holding, valuing the total business at an enterprise value of NOK45 billion (£4.2 billion, US$5.3 billion), making this the largest ever software buyout in Europe and one of the top 5 globally.

HgCapital will be the lead investor in the new transaction structure, representing 41% of the equity, alongside GIC, Singapore’s sovereign wealth fund, Montagu and ICG, who will hold minority stakes. Following this transaction, KKR will have realised its entire stake in the business, with Cinven separately retaining a shareholding of c. 17% in Visma. GIC, Montagu and ICG are all committing direct capital to the business, which continues to demonstrate the ability of Visma to attract world-class institutional investor support to help drive the future growth of the business.

This group is collectively acquiring 100% of KKR’s stake in Visma and 40% of Cinven’s shareholding as part of their exit process; investing a total of c. £1.4 billion of equity as part of the transaction. Completion is subject to regulatory approval.

This transaction values HgCapital ‘s 2014 investment in Visma at 2.4x original cost / c. 36% gross IRR in NOK, after less than three years of ownership.

In 2002, HgCapital’s TMT team identified regulatory-driven, subscription-based software as an attractive sub-sector with scope for considerable growth over the following decade.  HgCapital has made more than twelve investments in the regulatory-driven software space over the last fifteen years and more than 150 bolt-on acquisitions over this same period.  In total HgCapital has made 37 software TMT investments and over 200 bolt-on software acquisitions since 2002, making the firm comfortably the most active European TMT investor over this period.

HgCapital initially invested £101 million in Visma in 2006 (through the firm’s HgCapital 5 fund), completing a public-to-private de-listing from the Oslo stock exchange valuing the business at £382m at that time. HgCapital subsequently continued to hold a stake in the business and supported Visma’s continued growth over the next eight years, before re-investing again in 2014 (through its HgCapital 7 Fund), alongside both KKR and Cinven.

Visma gives investors ongoing exposure to a leading provider of mission critical accounting, resource planning and payroll software to small and medium-sized enterprises as well as the public sector in the Nordic region. HgCapital has known Visma and its management team since 2004 and will continue to support the business going forward in order to grow revenues both organically and through acquisitions.

HgCapital will continue to work with Visma’s management in the ongoing transition of the company’s software products to Software as a Service (“SaaS”).  Visma is one of the leading SaaS providers to SMB’s and the public sector in Europe, with the potential to accelerate this growth both through organic investment and further bolt-on acquisitions.

Producent van software voor (online) boekhouden, voorraadhoudende groothandel, projectadministratie, urenregistratie, accountancy, relatiebeheer en HRM- en salarisadministratie

Visma’s performance over the eleven years since 2006 has been consistently strong, growing both revenues, profit, employee numbers and research and development investment every year including throughout the financial crisis, Visma’s revenues grew from NOK1.6 billion in 2006 to NOK7.9 billion in 2016, a compound annual growth rate of 17%; EBITDA increased from NOK240 million in 2006 to NOK1.9 billion in 2016, (CAGR of 23%). Separately, the company has also completed more than 120 bolt-on acquisitions over the same period and improved operating margins from 15% to 25%.

“We have been incredibly fortunate to partner with Øystein Moan, CEO of Visma, and his exceptional management team over the last 11 years. They and we have an exciting vision for the business which sees us delivering an ever-increasing number of products and services to our millions of happy customers” said Nic Humphries, Senior Partner and Head of the TMT team at HgCapital.

Øystein Moan, CEO of Visma commented “With KKR now realising their holding after 7 years of investment in Visma, the management team appreciates our long-term investor HgCapital, increasing their holding in the business to 41%. KKR have been good owners of Visma and the company has enjoyed strong growth under their guidance. With deep sector knowledge, HgCapital has made a significant contribution to the development of Visma since 2006, and we look forward to working together towards pan-European expansion and transformation to a pure cloud computing company together with Cinven, GIC, Montagu and ICG. This global network and access to capital will be important when developing and growing Visma over the coming years.”

HgCapital and the buying investor group were advised on this transaction by Arma Partners, Lazard, Deloitte, Skadden, White & Case and Bain & Co.

 

Norvestor invests in NetNordic

Norvestor

Norvestor VII, L.P. (“Norvestor”), a fund managed by Norvestor Equity AS, has signed an agreement to invest in NetNordic (“The Company”). Following the acquisition, Norvestor will become the largest shareholder in NetNordic with approximately 75% of the shares whilst the management and employees will hold the
remaining 25%.

NetNordic is one of the largest independent System Integrators in the Nordics with a leading position within communications solutions networks and security. The Company was established in 2001
and has experienced strong growth over the last few years
through organic initiatives and acquisitions. NetNordic partners include technology leading industry vendors like Juniper, Huawei, Nokia, Microsoft, Mitel, Palo Alto, Arbor and Avaya.

NetNordic delivers solutions and services for Unified Communication(i.e. integrated secure enterprise communication solutions including video, mobile, conferencing and contact centers), network security and network management, WiFi-as-a-service and tailor made system integration for its customers.
Nordic customers include LME , public administration,
municipalities, operators and service providers which all view
NetNordic ́s services as a critical component of their business.

“We are proud of what we have accomplished and foresee strong
Growth opportunities ahead of us.
In Norvestor we have found a partner with a proven track record and experience from our business which will contribute both to expand our business and to explore new opportunities. We are extremely happy about this new partnership and are confident that this will allow us to deliver even better and broader solutions, services and customer experiences in the future”, says Jarl Øverby, Group CEO of NetNordic.

“We’re excited to include NetNordic in our portfolio. It’s a company
that has shown strong growth with a highly skilled management and
organization. We are impressed by the ircompetence and the industrial platform they have built. The market fundamentals give NetNordic growth opportunities and we look forward to contributing to further development and success. We also aim to participate in consolidating a fragmented Nordic system integrator market, making NetNordic an ideal match for
Norvestor”, says Christian Sontum, Partner at Norvestor Equity and Chairman designate in NetNordic Holding.

“NetNordic has been a very special and successful journey for us since we entered as a venture investor back in 2007 when the company was fairly young. It is therefore both with pride and humility we now leave the majority ownership to Norvestor. We are confident in their future together and wish Norvestor and the NetNordic team all the best in continued growth by providing the utmost customer focus and highest industry standard”, says Tor Øystein Repstad, Managing Director in Agder Energi Venture.

Contact persons:
Jarl Øverby, CEO of NetNordic Group,
jarl.overby@netnordic.com, tel. +4798217009.
Christian Sontum, Partner of Norvestor Equity AS,
christian.sontum@norvestor.com, tel. +47 99153698
Tor Øystein Repstad, CEO of Agder Energi Venture AS,
tor.oystein.repstad@ae.no, tel. +47 90696862

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TeleComputing sells consultancy company Kentor to European IT-giant

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TeleComputing has made en agreement which means that Sopra Steria acquires IT consultancy company Kentor with 330 employees and business operations in Stockholm, Göteborg and St. Petersburg. Kentor has since 2007 been a company in the TeleComputing group. The agreement means that TeleComputing will cultivate and strengthen the strategic focus on its core business.

Telecomputing

We see this as a very positive solution for all parties. Kentor, a very strong and reputable consultancy company, will be part of an international enterprise with similar focus, values and business operations. And TeleComputing, a leading Nordic provider of flexible and hybrid cloud services, can cultivate its strategic business development focusing on both existing and new markets, says Terje Mjøs, CEO TeleComputing.

Kentor offers services in digital transformation, system integration, system development and IT-consultancy. The company was founded in 1983 and has since enjoyed a very stable growth with good results. Kentor has been part of the TeleComputing group since 2007.

– There are many advantages with this merger, especially for Kentor as we now will have a more natural home and resources to increase our market share in Sweden. As an added bonus, we gain access to an international market which will be an advantage both to our customers and staff. We have so much in common with Sopra Steria, and we complement each other very well both in business and culture, says Fredrik Arbman, Kentor´s CEO.

This proposed transaction is subject to the usual public conditions that apply. If it is approved, Sopra Steria could consolidate Kentor in its accounts in the 2nd half of 2017.

 

For more information, please contact:
TeleComputing                       Terje Mjøs, CEO                      +47 915 06 570                   www.telecomputing.com             Sopra Steria                            Kjell Rusti, CEO Scandinavia +47 908 26 026                   www.soprasteria.com/en         Kentor                                      Fredrik Arbman, CEO             +46 70 896 50 60               www.kentor.se

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IK Investment Partners to sell its stake in Izium

IK Investment Partners (“IK”), a leading Pan-European private equity firm, is pleased to announce that the IK Small Cap I Fund has reached an agreement to sell its stake in Izium (or “the Group”), one of the leaders in the French CRM outsourcing market, to Comdata. Financial terms of the transaction are not disclosed.

Izium offers an extensive portfolio of customer experience services, including consulting, telesales, customer services, debt collection and technical assistance, to a large client base. The Group operates 14 contact centres in France, Morocco and Madagascar. In 2016, Izium generated revenue of €200 million and employed approximately 6,000 people.

“During IK’s ownership, Izium has successfully diversified its client base outside the telecom industry, benefitting from the continued outsourcing trend of customers services in utilities, automotive and financial services. Furthermore, the Group completed three add-on acquisitions, and investigated a significant number of opportunities in adjacent fields and in neighbouring countries,” said Pierre Gallix, Partner at IK and advisor to the IK Small Cap I Fund.

“In Comdata we feel that we have identified a strategic buyer who will be able to oversee further growth of the business – both organically and through further acquisitions. This is a unique opportunity, and we cannot thank IK enough for their support”, said Maxime Didier, founder of Izium Group and b2s President.

Izium is the first exit from IK’s debut small cap fund.

Completion of the transaction is expected in August 2017, subject to work council consultation and regulatory approvals customary.

For further questions, please contact:

IK Investment Partners
Pierre Gallix, Partner
Phone: +33 1 44 43 06 60

Mikaela Hedborg
Director Communications & ESG
Phone: +44 77 87 573 566
mikaela.hedborg@ikinvest.com

About IK Investment Partners
IK Investment Partners (“IK”) is a Pan-European private equity firm focused on investments in the Nordics, DACH region, France, and Benelux. Since 1989, IK has raised more than €9 billion of capital and invested in over 100 European companies. IK funds support companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects. For more information, visit  www.ikinvest.com

About Izium Group
Izium Group offers an extensive portfolio of customer experience services, including consulting, telesales, customer services, debt collection and technical assistance, to a large client base. The Group is well positioned to achieve additional growth, already operating 14 contact centres in France (10), Morocco (3) and Madagascar (1). In 2016, In 2016, Izium Group generated revenue of MEUR 200. The Group employs approximately 6,000 people and serves ca. 150 clients. For more information, visit http://izium.fr

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Ufenau IV – Successful Divestment of NRW Building Technology

Ufenau

Ufenau IV – Successful Divestment of NRW Building Technology

Ufenau Capital Partners(“Ufenau”) has sold its majority shareholding in NRW Building Technology Holding GmbH (“NRW”) to funds advised by Bregal Unternehmerkapital(“Bregal”).

NRW, headquartered in Nordrhine-Westphalia and active at further six locations in Germany, Switzerland and Austria, is one of the leading independent technical building solutions providers with high quality planning, installation, design and engineering capabilities. Since partnering with Ufenau, NRW has grown the business considerably; sales increased from EUR 55m to EUR 115m in 2016. For 2017, sales are forecasted to achieve EUR 155m. This corresponds to a growth Of 180% since Ufenau’s entry in 2014.

In the same period, the number of employees increased significantly from approximately 350 to over 600.In addition to the strong organic growth, a major contribution relates to the acquisition of five strategic add-ons. Within the past 32 months, NRW acquired regional champions HSV Kälte-Klima-Lüftungstechnik, Wölpper, Issler, DL-Technik and Eberl.”

On behalf of NRW, I would like to thank the Ufenau team for its collaborative partnership and support to the growth and further development of our group.

During Ufenau’s ownership, NRW developed strongly and was able to further strengthen the regional presence in Germany, with sustainable investments in our employees.

We are very pleased to have found a long-term oriented partner in Bregal who supports our plans for further sustainable growth” comments Heinz-Josef Rehms, CEO of NRW.

Dieter Scheiff complements: “NRW has developed excellently during our ownership. With five successful strategic acquisitions, the newly implemented Buy -&-Build strategy was effectively executed and NRW has proved to be a

successful consolidator in a fragmented market. We wish all the best to NRW ’s management team in pursuing further its entrepreneurial goals”.

The Ufenau Team

 

About Ufenau Capital Partners

Ufenau Capital Partners is a privately owned Swiss Investor Group headquartered at the Lake Zurich which advises private investors, family offices and institutional investors with their investments in private equity.

Ufenau Capital Partners is focused on investments in service companies in German-speaking Europe and invests in the Education & Lifestyle, Business Services, Health Care and Financial Services sectors. Through a renowned Group of experienced Industry Partners (Owners, CEOs, CFOs),

Ufenau Capital Partners pursues an active value – adding investment approach on eye-level with entrepreneurs and managers.

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SnapAV to be Acquired by Hellman & Friedman Charlotte, N.C.

SnapAV, a leading vertically-integrated supplier in the rapidly growing connected home sector, today announced that affiliates of Hellman & Friedman LLC (“H&F”) have entered into a definitive agreement to acquire the company from General Atlantic.

SnapAV sells proprietary-branded audio/video (“AV”), security, networking, and automation products to residential and commercial AV, security and technology integrators. These integrators in turn serve “Do-It-For-Me” consumers, selling, installing and integrating SnapAV’s products as part of a custom home solution. The company wholesales approximately 2,700 SKUs across 14 proprietary brands and serves integrators across the United States with outstanding eCommerce, customer service and support capabilities—enabling its dealer customers to operate more confidently, more efficiently and ultimately more profitably.

John Heyman, CEO of SnapAV, said: “Our broad, high-quality product lineup and ability to anticipate and support our dealers’ needs has been critical to our success. We know what dealers want and how to make their job easier, and our logistics system ensures they get what they need fast and at the right price. Responding to our customers, we have expanded into the networking, surveillance and remote cloud management categories, and created a one-stop solution for technology integrators. We thank General Atlantic for their contributions to SnapAV’s growth and development over the past four years and welcome Hellman & Friedman as our new partner. Hellman & Friedman’s industry expertise and outstanding track record of helping companies like us grow will serve us well as we continue to execute on our strategy of providing great products and exceptional service to our dealer customers.”

“SnapAV’s innovative eCommerce platform, compelling products and excellent service deliver tremendous value to the integrator community,” said Erik Ragatz, Managing Director of Hellman & Friedman. “With its network of loyal dealers and an outstanding base of employees, SnapAV is very well positioned to continue on its growth trajectory. We look forward to partnering with John and the rest of the management team as the company moves into its next phase of growth.”

Mark Dzialga, Managing Director at General Atlantic, said, “We have been pleased to support SnapAV through a period of substantial growth and appreciate our strong partnership with the management team. As SnapAV enters its next phase of development, we are confident the company is in great hands with Hellman & Friedman and we look forward to watching its future success.”

The transaction is expected to close in the third quarter of 2017. Additional terms were not disclosed.

UBS Investment Bank and SunTrust Robinson Humphrey acted as M&A advisors to Hellman & Friedman on the transaction. Simpson Thacher & Bartlett LLP acted as legal counsel to Hellman & Friedman. Evercore acted as M&A advisors and Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal counsel to SnapAV and General Atlantic.

About SnapAV
Established in 2005 and based in Charlotte, North Carolina, SnapAV is a manufacturer and exclusive source of more than 2,700 installation-friendly audio, video, networking, power and surveillance products for residential and commercial A/V integrators. SnapAV empowers integrators to run more efficient businesses by providing high quality products at attractive prices, supported by best-in-class online ordering and award-winning customer service. Additional information about SnapAV and its product brands can be found at www.snapav.com.

About Hellman & Friedman
Hellman & Friedman is a leading private equity investment firm with offices in San Francisco, New York, and London. Since its founding in 1984, H&F has raised over $35 billion of committed capital. The firm focuses on investing in superior business franchises and serving as a value-added partner to management in select industries including business & information services, software, retail & consumer, internet & media, financial services, healthcare, and industrials and energy. For more information on Hellman & Friedman, please visit www.hf.com.

About General Atlantic
General Atlantic is a leading global growth equity firm providing capital and strategic support for growth companies. Established in 1980, General Atlantic combines a collaborative global approach, sector-specific expertise, long-term investment horizon, and a deep understanding of growth drivers to partner with great management and build exceptional businesses worldwide. General Atlantic has more than 100 investment professionals based in New York, Amsterdam, Beijing, Greenwich, Hong Kong, London, Mexico City, Mumbai, Munich, Palo Alto, São Paulo, and Singapore. www.generalatlantic.com

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Apax Partners and Altamir to sell the first block of their remaining stake in Gfi Informatique

ALTAMIR

Paris (France), 19 June 2017: Apax Partners and Altamir announce that they have sold the first block of their remaining stake in Gfi Informatique, a major European player in value-added IT services and software, to Mannai Corporation.

As announced in a press release on May 10, Apax Partners and Altamir, which hold c. 18.5% of the share capital and voting rights of Gfi Informatique, have completed the first sale of c. 12% of the share capital and voting rights. The balance of c. 6.5% of the share capital and voting rights will be sold in June 2018.

Gfi Informatique holds a strategic position in its differentiated approach to its clients, from global firms to niche entities. With its multi-specialist profile, the Group serves its customers with a unique combination of proximity, sector organisation and industrial-quality solutions. The Group currently employs c.  14,000 people.

The company’s revenue grew from €633 million in 2006 to €1,015 million in 2016, breaking through the billion-euro mark. Gfi Informatique’s growth strategy is based on three specific objectives: transformation of its business model, internationalisation and build-ups.

Transformation of its business model

Gfi Informatique has successfully managed the development of its model by industrialising its processes and know-how, particularly through the development of international service centres, allowing for both greater access to expertise and improved operational efficiency for the Group’s customers.

Internationalisation

Gfi Informatique has refocused its international activities, strengthened its presence in Southern Europe and opened up to Eastern European markets. Today, international business represents 25% of the Group’s pro forma revenues.

Build-ups

Gfi Informatique has successfully acquired and integrated 20 companies since 2006, allowing it to enhance its range of services and expand abroad. The acquisitions of Roff and Efron in 2016 in particular allowed Gfi Informatique to double the size of its business in Iberia.

Vincent Rouaix, CEO of Gfi Informatique, said: “The Apax Partners teams were totally in line with our growth strategy from the beginning. Their specific knowledge of the ESN market allowed us to achieve the transformation of our business model and our geographic repositioning, and to invest in build-ups that were relevant and accretive for the Group.”

Gilles Rigal, Partner at Apax Partners, added: “We are proud to have supported the strong growth and successful transformation of Gfi Informatique, and to have forged solid relationships with a CEO and teams of such high quality”.

 

About Gfi Informatique

www.gfi.world/fr

Gfi Informatique is a major player in value-added IT services and software in Europe, and through its differentiated approach occupies a strategic position between global firms and niche entities. With its multi-specialist profile, the Group serves its customers with a unique combination of proximity, sector organisation and industrial-quality solutions. The Group has around 14,000 employees and generated revenue of €1,015 million in 2016.

Gfi Informatique is listed on the Paris Euronext, NYSE Euronext (Compartment B) – ISIN Code:FR0004038099.

 

About Apax Partners

www.apax.fr

Apax Partners is a leading private equity firm in French-speaking countries in Europe. With more than 45 years of experience, Apax Partners provides long-term equity financing to build and strengthen world-class companies. Funds managed and advised by Apax Partners exceed €3 billion. These funds invest in fast-growing middle-market companies across four sectors of specialisation:

TMT: Altran, Gfi Informatique, InfoVista, Melita, Nowo-ONI and Vocalcom

Consumer: Europe Snacks, Groupe AFFLELOU, Groupe Royer, Sandaya, and THOM Europe (Histoire d’Or, Marc Orian, TrésOr, Stroili and Oro Vivo)

Healthcare: Amplitude Surgical

Services: Groupe INSEEC, Marlink and SK FireSafety

 

About Altamir

www.altamir.fr

Altamir (Euronext Paris-B, LTA) is a listed private equity company with almost €800m in assets under management. The company invests via and with the funds managed or advised by Apax Partners France and Apax Partners LLP, two leading private equity firms in their respective markets. It provides access to a diversified portfolio of fast-growing companies across Apax’s sectors of specialisation (TMT, Retail & Consumer, Healthcare, Business & Financial Services) and in complementary market segments (mid-sized companies in French-speaking European countries and larger companies across Europe, North America and key emerging markets).

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