December 2009Resto'In raises €2.0 million with NextStage
Resto’In (www.restoin.com) is the leading portal for online takeaway in France and Belgium, with more than 100 up-market restaurants. Launched in 2006, it enables corporate and individuals to order and be delivered restaurant meals within 45 minutes.
The company aims to expand in other cities in France and Europe and started with the opening of Lyon and the acquisition of Eatingdesk, the leading player in Belgium (Brussels based). To back its strategy, both founders, Pilar Granell and Clément Benoit, were looking for a financial sponsor sharing the same vision. Financiere Cambon was appointed to advise the Company and succeeded with a €2m fundraising with Nextstage.
Transaction price
2 000 000 €
Weekendtour
December 2009Weekendtour raises €1.1 million with Turenne Capital
Turenne
Capital along with Centre Ouest Expansion have jointly invested €1.1 million in
Weekendtour, the French specialist of all inclusive holiday packages developed in
partnership with works Councils and local tourist offices. This investment is
meant to support Weekendtour strong growth.
The company
offers thematic short stay holidays sold as gift sets and distributed by major
retailers, on the Internet and through works Councils. Weekendtour was set up
in 2006 by Alexis Vervelle and Richard Alexander. The company has grown thanks
to strong partnerships with work councils, local tourist offices, and with
different labels (“Gîte de France”, “Bienvenu à la Ferme” and “Tables et Auberges
de France”). The company, which owns a travel agency license has, since its creation,
always laid emphasis on the quality of its offer and guarantees availability.
Financière Cambon was hired to advise the
company on its first financing round.
Transaction price
1 100 000 €
SiegCo
October 2009SiegCo launched a tender offer on Valtech shares
SiegCo is a Belgian
company co-held by Verlinvest, Sebastian Lombardo and Laurent Schwarz, bringing
together the credit and the financial strength of an industrial holding company
with the top management experience and the vision of two seasoned entrepreneurs
in the IT/Internet field.
SiegCo aimed to
take control of Valtech, the leading player in e-business and agile
technologies. It offers to all the shareholders to contribute their shares
against 0,44 euros per share (overbid).
Valtech benefits
from many assets (highly skilled consultants, diversified large accounts
portfolio, strong brand) which can be leveraged thanks to a stable and reliable
major shareholder having an ambitious company project and financial strength.
The industrial ambition driven by SiegCo is to bring Valtech as European leader
in digital optimization.
Financiere Cambon
was hired very early in the process to define the transaction structure and
advise SiegCo on the strategy to launch the tender offer..
All the documents about the tender offer
can be downloaded onwww.siegco.be
website.
Transaction price
39 000 000 €
Indom
June 2009Indom raises €2 million with AXA PE
INDOM
is the French market leader for business domain name registration,
offering a full range of services designed to optimize, manage and
secure domain names.
Under
the ownership of its founders, the company has experienced sustained
growth since 2004 and has been profitable since its inception in
1999. It employs 40 domain name specialists, ranging from legal
experts to internet marketing advisors, network administrators and
engineers. They work out of the company’s head office in Paris or
in its Strasbourg office.
Managed
by Pierre
Berecz
and Stéphane
Van Gelder,
the
company has more than20
000 clients, 40% of
which are included in the
CAC 40. In 2008, Indom earned 7
million euros in revenues, and has posted growth of 25% every year
since 2005.
Financière Cambon organized INDOM’s fund-raising with AXA Private Equity. The goal of this transaction was to fund the growth of the company and seize on promising opportunities for external growth.
Transaction price
2 000 000 €
Ykems
April 2009Beijaflore completes the acquisition of Ykems
Founded
in 2001 by two graduates of Polytechnique,Hervé
Tanguy and Edouard Lesieur, Ykems is involved in the areas of
strategy and competition analysis, business modeling and supply chain
optimization in all business sectors, with strong positioning in the
manufacture of staples and food products. The company applies the
latest research in managerial economics to the strategic challenges
facing major accounts in France and abroad.
The
Paris-based SME generates around €5 M in annual revenues and is
highly profitable.
La PME parisienne réalise environ 5 M€ de chiffres d'affaires pour une forte rentabilité.
Financière
Cambon conducted the Ykem-Beijaflore alliance. Directed and founded
in 2000 by Guy-Hubert Bourgeois, who is also a co-founder of
Devoteam, the performance and management advisory firm with
particular expertise in telecoms that generated 85
million euros in revenues in 2008(versus
€77M in 2007 and €60M in 2006), it employs more than 850 people.
Transaction price
Undisclosed
Blue Consulting
April 2009Blue Consulting completes a minority OBO
Blue
Consulting is a software engineering firm that was founded in 1999.
In 2008, it generated revenues of €15 million and had a workforce
of 150.
Financière
Cambon conducted the call for capital that enabled the company
(www.blueconsulting.fr) to
benefit from the support of a financial partner for its external
growth ambitions, while also allowing the company’s executives to
secure
a portion of their assets.
In connection with this transaction, Financière Cambon was also
responsible for securing bank financing.
Transaction price
Undisclosed
Axylog
March 2009Ausy Group acquires Axylog
Based
in Sophia-Antipolis, Axylog is a software engineering firm that
employs 70 engineers specializing in the micro-electronics field. Its
portfolio of major accounts includes such giants as Texas
Instruments, Infineon and Amadeus.
Financière
Cambon advised the company’s shareholders during the sale of Axylog
to the Ausy group. For the
latter, this was the second major acquisition in the Southeast of
France.
Transaction price
Undisclosed
Beezik
February 2009Beezik raises €2.7 million from Axcel Loisirs France
Beezik (www.beezik.com)
is a music website that offers free and legal downloads of more than
2.5 million titles. Founded in early 2008 by Jean-Christophe
de Launay, Thomas Pasquet and Jean Canzoneri, Beezik has an
innovative revenue system: in return for access to a catalogue of
more than 2 million titles free of charge, as soon as they went
online in mid-June of 2009, site visitors agree to first watch a
full-screen advertisement of their choice. With more than 1 billion
titles downloaded in France, only 50 million of which have been
acquired legally, Beezik has a tremendous potential market. The
start-up hopes to go global in the near future.
Financière
Cambon assisted
and advised Beezik on this fund-raising transaction with Axcel
Loisirs France.
Transaction price
2 700 000 €
“Financière
Cambon supported us through an early stage call for funds to help us
put together the launch of Beezik, the first legal, free of charge
website for downloading music, offering rewards for each download. In
addition to making contact with all of the investment funds that were
targeted, FC not only helped us to prepare for the road show but also
assisted us throughout the process of negotiating with various funds.
Thanks to their support, we were able to meet our objectives—both
in terms of valuation and dilution—despite the particularly
challenging economic environment. Beyond the purely professional
sphere, their involvement and capacity to forge genuine relationships
allowed us to establish a special bond.”
Jean-Christophe
de Launay, CEO of Beezik
Assurone
January 2009Assurone raises €11.5 million from CDC Entreprises and Seventure
AssurOne
is an insurance brokerage firm that specializes in the design and
online distribution of personal insurance products for consumers.
Founded in 2004 by Ludovic Dumont, Jeremy Garamond and Hubert
Saltiel, the company works with some of the biggest insurance
companies in the market, and is the only broker in France that offers
a service that is fully accessible and pilotable via the
Internet—from pricing and underwriting to policy administration and
claims management. This means that 100% of assurOne’s clients have
the option of managing their own policies, adding clauses and riders,
and printing their insurance certificate from their own computer.
Financière
Cambon completed a dual transaction: it helped to raise funds from
CDC Entreprises, Seventure and Philippe Louis-Dreyfus and to acquire
Distind. The aim of the deal was to enable assurOne to gain a lasting
position as a leading provider of insurance via the internet.
Transaction price
11 500 000 €
Teleca France
October 2008Teleca Group sells its French subsidiary to AFD Technologies
Financière
Cambon supported the Teleca group (2 000 people in 11 countries –
REV of €140m) in the sale of its French subsidiary based in Rennes.
The latter, a specialist in the development of real time onboard
applications for mobiles, was acquired by AFD Technologies. This
transaction allowed AFD Technologies to extend its presence in
Brittany and acquire sophisticated mobile skills for its clients,
manufacturers and operators alike.
Transaction price
Undisclosed
“We
were looking to divest of our French subsidiary in a very short time
frame. Thanks to FC’s knowledge of the domestic IT market, combined
with its ability to quickly understand our specific situation and
proper deal execution management, we received several offers from
major players and met the deadline to close the deal at an excellent
level.”
Christian
Luiga CFO Teleca
Techviz
June 2008Techviz completes its first round of fund-raising with Alto Invest and IDF Capital
Founded
in 2003 and located in Paris, Techviz develops and distributes a
range of software solutions that accelerate the real-time display of
complex 3D data and enables the multi-screen display of all types of
applications.
Financière
Cambon led a round of fund-raising for TechViz, concluded with Alto
Invest and IDF Capital. This investment enabled TechViz to intensify
its business development in France and abroad.
Transaction price
Undisclosed
Realviz
May 2008Autodesk builds its presence in France by acquiring Realviz
REALVIZ
is a leading developer of image-based creation software,
headquartered in Sophia Antipolis, France, with satellite sales
offices in Los Angeles, U.S.A., London, England and Paris, France.
REALVIZ develops a suite of mage-based content creation solutions for
the film, broadcast, gaming, digital imaging, architecture and
Internet communities. Derived from years of research efforts at the
renowned INRIA Lab in France, the Company's applications enable 2D
and 3D artists to easily tackle complex digital imaging projects.
Financière
Cambon conducted a global M&A process that led to REALVIZ’s
sale to the world’s number one publisher of digital design and
creation software for PCs (>5 000 people, total sales of USD2.2
billion in 2007).
Transaction price
Undisclosed
« Financière Cambon a joué un rôle déterminant dans le processus de vente de REALVIZ au groupe américain Autodesk : pendant la phase de négociation en permettant une mise en concurrence d’acheteurs potentiels ; et pendant la due diligence, en facilitant la communication entre l’équipe M&A d’Autodesk et le management de REALVIZ ».
Dominique Pouliquen, CEO de Realviz.
Consort NT
March 2008LMBO on Consort NT
Financière
Cambon supported Consort NT (Euronext Paris: MLCNTwww.consort.com),
an IT consulting and integration firm and a major player in selective
facilities management, in the completion of an LMBO by its management
in partnership with Naxicap Partners and AXA Private Equity. Naxicap
Partners and AXA Private Equity were persuaded by the fundamentals of
Consort NT and intend to support the company as it develops via
targeted and relutive acquisitions.
Founded
in 1992, Consort NT is a software engineering firm that offers
consulting, systems integration and facilities management services to
major prime
producers/subcontractors
in manufacturing, services, banking and insurance. Its innovative
focus and culture of commitment make Consort NT one of the biggest
players in selective facilities management in France. At year-end
2007, the group had a workforce of 770 and earned revenues of nearly
€50 million. The Group’s culture of innovation was recognized
with an “innovative company” label awarded by OSEO, which enables
Consort NT to work alongside its clients as they enter new and
promising markets.
Jason
Guez, Chairman of the Management Board of Consort NT became the
majority shareholder of the Consort Group. He was accompanied in the
deal by the company’s key executives (including CEO Marc Adler).
“This deal achieves a dual aim: rally a team of shareholding
managers around a shared mission and acquire the additional financial
resources needed to executive an ambitious development plan that
seeks to generate revenues of €100 million by the end of 2012,”
noted Jason Guez. Together, the executive management team owns a 58%
stake in the group.
This
transaction coincides with the company’s steady growth: revenues
from existing businesses rose by more than 25% in 2007, reaching
€49.4 million and providing operating profitability of 7.5%.
“Consort NT is in an enviable position, with a fully developed
facilities management offering that allows us to meet the needs of
big clients and join the ranks of the select group of preferred
partners for large account clients with nationwide reach,”
commented Marc Adler, CEO.
Transaction price
32 000 000 €
Welcome Office
February 2008welcomeOffice.com joins Raja Group
An
online only business, Welcome Office generated sales revenue in
excess of 7 million euros in 2007, and projects 10 million euros for
2008. Welcome Office will capitalize on the logistical platforms of
RAJA to begin international expansion, developing in countries where
RAJA is already present. For RAJA, the deal with Welcome Office beefs
up its own product range and, in particular, gives the group access
to the online marketing and technological expertise that Welcome
Office has built. The group intends to step up its own online
presence, where it last year earned 10% of its revenues. By 2010, it
hopes that online sales will account for more than 25% of the total.
Financière
Cambon worked on behalf of the shareholders of Welcome Office on the
deal: the founders, the business angels and the private equity fund.
Transaction price
Undisclosed
Anyware
January 2008Anyware Technologies sold to Wavecom
Anyware
Technologies was founded in 2000 by Ludovic Le Moan and underwent
rapid development (REV: €5 million) with the support of several
venture capital funds (IRDI, SOCRI and Seventure). Via this
acquisition, Wavecom intends to establish a single and radically
innovative platform for the M2M market, which will allow clients to
connect regardless of their hardware configuration to their
information systems via M2M wireless applications.
Transaction price
13 000 000 €
Agorad
November 2007Agorad rejoint Referencement.com
Founded in 2005, Agorad is the number one independent media agency (TNS Secodip, Sept. 2007). Leveraging its expertise in strategic consulting, internet ad space buying, sponsored links and performance marketing, Agorad successfully supports major e-business retailers, including 3 Suisses, Intermarket, Monabanq, Daniel Jouvance, Kiabi, Becquet, Cofidis and Yves Rocher.
The Company was bought from its founders, Dimitri Ducourtieux and Michaël Amar.
Thanks to this acquisition, Agorad constitutes the new media division of the Referencement.com group. The new division now offers all clients major synergies to ensure the success of their internet strategies.
Already present in Paris, Bucharest, London, New York, and Los Altos (CA), Referencement.com continues to pursue its bid for international expansion.
Transaction price
Undisclosed
BTD Groupe
October 2007GFI Informatique announces the acquisition of BTD
The BTD Group (2006 revenues of 54 million euros; a staff of 700) is an IT service company founded in 1981. It is very strong in the French market, particularly in the banking-finance-insurance industry. In addition to obeying the simple logic of sector concentration, GFI Informatique was also motivated by the high value added horizontal expertise that the BTD Group had developed.
GFI acquired all equity in BTD in a cash payment. It financed the acquisition with a medium-term loan of €30 million, and paid for the rest out of its own cash resources.
In 2006, GFI Informatique generated revenue of €633.1 million, and had more than 8 000 employees. The Group has more than 40 branches in France and 9 additional offices in Southern Europe, Northern Europe, Morocco and Canada.
Transaction price
Undisclosed
Alphamega
September 2007Sale of Alphamega, subsidiary of Absys Cyborg, to Cheops Technology
Financière Cambon conducted the process of selling Alphaméga (REV: €10 million), preferred HP partner specializing in server and storage solutions, to Cheops Technology, a rapidly expanding company that recently went public. Absys Cyborg (Keyrus Group) had inherited this business in 2005, when the Alpha Technologies group, of which Alphaméga was a member, was acquired. Because the latter fell outside the realm of its core business, the group decided in early 2007 to sell the business. It asked Financière Cambon to intervene. In acquiring Alphaméga, Cheops Technology gained market clout and significantly reinforced its presence in the Greater Paris Area.
Transaction price
Undisclosed
KDP
September 2007Sale of KDP Informatique to Sage Group
KDP Informatique was jointly owned by its founding executives and AXA
Private Equity. Financière Cambon led the sale process on behalf of all
the shareholders.
This acquisition reinforces the Sage group’s leadership in France in the area of CRM. KDP Informatique offers Sage the largest installed base in the French CRM market.
KDP Informatique was jointly owned by its founding executives and AXA Private Equity. Financière Cambon led the sale process on behalf of all the shareholders.
Transaction price
Undisclosed
Autoreflex.com
August 2007Autoreflex.com
Financière Cambon successfully led the bid to acquire Autoreflex.com
Transaction price
Undisclosed
Aequalis
July 2007Aequalis
Financière Cambon conducted the acquisition by AUSY of the IT consulting and engineering firm Aequalis.
With 150 employees and revenues of 12 million euros in 2006, Aequalis is one of the Southeast’s largest IT engineering firms. This acquisition enables the Ausy group to gain significant strength in this region and also enhances its skills base in the areas of infrastructure and IT security.
Transaction price
Undisclosed
Nessel
April 2007April 2007 CELLA completes the acquisition of NESSEL
Founded in 1990, NESSEL is an IT consulting and engineering firm that specializes in the banking business. With its 60 consultants, NESSEL is a preferred partner of France’s largest banks, and earned revenues of around €7 million in 2006, an increase of more than 10% versus the previous year.
Financière Cambon was mandated by NESSEL’s shareholders to assist in the disposal process. The CELLA Group, a French IT services firm, announced the acquisition of NESSEL, an IT consulting and engineering firm that specializes in banking. This transaction will allow the CELLA Group to strengthen its positioning with respect to major accounts in the financial services industry and to enhance its new technologies range.
In addition, the CELLA Group will leverage the expertise of NESSEL in Systems and Network consulting.
With this alliance, the CELLA Group acquires the capacity to offer its clients a full range of services related to the management of their information system, from drawing up specifications to monitoring production. Thanks to its sophisticated technological expertise (object technology, internet, SOA architectures, decisional, C/S, mainframe, etc.), the Group offers its clients an alternative to large general service providers and effective business approaches (market finance, asset management, lending and credit, information traceability, life and health insurance, etc.).
Transaction price
Undisclosed
DCI
March 2007DCI
DCI
is one of the major French integrators of voice data convergent
infrastructure solutions. Its product range covers every key area of
IP infrastructures: System, Network, Security, VoIP. The solutions
provided are based on the technologies of world-renowned software
publishers and makers: Mc Afee, Avaya, Fortinet, Checkpoint, etc.
Financière
Cambon structured an OBO (Owner Buy Out) involving the capital of
Data Concept Informatique (DCI). This leveraged deal included the
acquisition of a minority share (38%) in DCI for the investment fund
EPF Partners.
Transaction price
Undisclosed
Easyvoyage
January 2007Easyvoyage
Easyvoyage
is the internet’s top editorial portal devoted to travel that
offers comparison shopping.
Financière
Cambon conducted the LBO and fund-raising round for Easyvoyage. The
total amount invested was 9 million euros. Natixis, via its Spef LBO
and Seventure funds, acquires an equity interest along with Jacques
Maillot, the founder of Nouvelles Frontières, and Francis Reversé,
the founder of Degriftour.
Transaction price
9 000 000 €
Projipe
July 2006Projipe
Financière
Cambon coordinated the alliance of Projipe with Aubay. Projipe is one
of the major consulting and engineering groups in France that
specializes in financial services (banks and insurance companies).
The deal allows Aubay to join the ranks of the top 15 software
engineering firms in France, with nearly 2 000 employees.
Transaction price
33 000 000 €
Groupe Diwan
July 2006Groupe Diwan
With
280 employees based in 7 different locations, the Diwan group (listed
on Alternext) is an acknowledged leader in the field of voice data
integration and convergence. The transaction valued Diwan at 39.2
million euros.
This
acquisition, housed within Orange Business Services, which combines
all of France Telecom’s global business services, is consistent
with its service development strategy, focused in particular on
integration services expertise.
After
the acquisition of a controlling interest of 72%, France Telecom
offered a stock price guarantee to minority shareholders, for a price
per share that was a 44% premium over the average quoted price for
the 20 prior trading days.
Transaction price
41 700 000 €
Eovia
April 2006Eovia
EOVIA
EUROPE is a publisher of 3D graphic creation software. Its two
leading products are Amapi and Carrara. EOVIA EUROPE was founded in
March 2004 as a holding company for the assets of the EOVIA division
of TGS EUROPE when it was acquired by MERCURY COMPUTER SYSTEMS.
This
transaction allows DAZ to supplement its product portfolio with
Carrara and Hexagon software, and also gives it access to a seasoned
team based on the West Coast of the United States. The combined offer
of the two companies gives users a more refined panel of 3D tools
that responds more effectively to their needs. DAZ plans to continue
to develop Eovia Corp’s existing products and will provide existing
users with the support they need.
Transaction price
Undisclosed
“In
the hyper competitive and crowded 3D software market, the expertise
of Michael Azencot in cross border alliances and the professionalism
of Financière Cambon were instrumental in the successful completion
of the deal.”
F.
Lebrun, Director of Equity Investments for Seventure.
Exsyde
April 2006ExSyde
Exsyde
is a key player in product information management.
Access
Commerce, a publisher of Multi-Channel Business Solutions that is
traded on Eurolist C, is acquiring Exsyde in order to complete its
product portfolio.
Financière Cambon initiated and coordinated the
deal.
Transaction price
Undisclosed
Aubay
October 2005Aubay
On
behalf of the Aubay Technology Group, Financière Cambon conducted
the acquisition of Why Not Engineering, an IT engineering firm with
130 employees. Aubay has just acquired a 75% interest in Why Not
Engineering, sharing ownership with company management. Why Not
Engineering works exclusively in the Greater Paris Area; two of its
biggest and most strategic clients are BNP Paribas and France
Télécom, which added Aubay as a preferred supplier in 2005. This
acquisition is consistent with the strategy of Aubay, which seeks to
drive development through a combination of organic growth and
targeted acquisitions.
Aubay
is a technological and integration consulting firm that specializes
in information systems, networks and telecoms. With 862 employees
working out of 5 countries (France, Belgium, Spain, Italy and
Luxembourg), Aubay projects revenues of €71 million in 2005.
Transaction price
Undisclosed
Cristal Décisions
July 2005Cristal Décisions
Cristal
Décisions, a firm that was founded in 2002 by its chairman Hervé
Corlay, helps large corporations and mid market companies achieve
savings in the area of overhead and non-strategic procurement. At
year-end 2005, it boasts expertise in six areas: spending on
telecoms, water, hygiene and sanitation, long-term vehicle rental and
temporary staffing, with dedicated expert consultants for each one.
Alma
Consulting Group, a European leader in operating cost reduction
consulting (€67.5 million in revenues in 2004, 535 employees, 9 000
clients in 5 countries), has acquired control over Cristal Décisions,
a specialist in operating cost reduction consulting. In doing so, it
consolidates its position in France and also enables Alma Consulting
Group, a key player in the area of employer tax and social charges,
as well as in the financing of innovation, to offer its clients a new
range of audits aimed at optimizing overheads.
Transaction price
Undisclosed
CGBI
June 2005CGBI
Financière
Cambon advised CGBI on its successful bid to raise 8 million euros
from, among other investors, Prado Finance. CGBI is a software
engineering firm with more than 300 employees. It is listed on
Eurolist.
Transaction price
8 000 000 €
Omnicom Group
December 2004Omnicom Group
An
international company whose specialty is technological consulting for
e-business infrastructures, systems, networks and telecoms, announces
its reinforcement in the area of IT security with the acquisition of
Cyber Networks, a service firm that specializes in consulting,
integration and facilities management for information system and
internet security solutions.
Transaction price
Undisclosed
“Now that the dust has settled and we have signed our deal I wanted to thank you formally for the superb work you performed for Omnicom Group. Your support, drive and commitment were instrumental in us achieving our dual ambitions of a good price for the sale of our business and completion before the end of the year. I really appreciated your guidance and support, David, but more especially I enjoyed working with you and your refreshingly open and honest approach to doing business. I wish you every success as you continue to build your business in Paris. Once again, many thanks”.
N. Penrose, Head of M&A, Omnicom
Amalthis
October 2004Amalthis sold to Sage
In
connection with the development of its mid market business
activities, Sage acquires Amalthis, a company that specializes in the
interactive management of Human Resources. Amalthis is France’s
largest publisher of software for interactive human resource
management.
Financière
Cambon was the advisor to all of the selling shareholders, including
IDI, Banques Populaires, and Entrepreneur Ventures.
Amalthis
brings Sage a high-performance collaborative portal solution
dedicated the managing the employee relationship, as well as
acknowledged expertise. This acquisition enables the Sage group to
continue to build on its range of products for mid market businesses.
Transaction price
Undisclosed
“The
Amalthis offering in the areas of HR services, communications and
employment and career management via a secure online portal will be
enhanced by the strengths of the Sage group in terms of R&D and
Sales and Marketing Support, which will expand its customer base,”stated
Jacques Lebahann, who is the current CEO of Amalthis.
Iwedia
March 2004Iwedia raises funds from I-Source
On
behalf of Teamlog, Financière Cambon helped a group of investors
(Thalès Corporate Venture, I-Source, IXCORE) sell its equity
interest (91.9%) in Teamlog Digital Media System, specializing in
software solutions for the digital television industry.
TEAMLOG
has just sold its 91.9% interest in TEAMLOG DMS, a specialist in
software solutions for the digital television industry, to a group of
financial investors (I-Source, Thalès Corporate Ventures and IXCORE)
associated with the management of the company. In 2003, this
subsidiary earned revenues of €6.7 million, contributing a negative
-0.54 million euros (-0.9 million euros in group share of net income)
to group earnings. The deal was completed for a total of €2.5
million in cash and is consistent with the sale completed in October
2003 of the equity interest in NEOTION SAS, as well as with TEAMLOG’s
decision to refocus on its core IT services business.
Transaction price
Undisclosed
Colt
December 2003Colt sells its Apogée and Asthéa subsidiaries
On
behalf of COLT Telecom, Financière Cambon completed the deal leading
to the sale of two of its subsidiaries, Apogée Communications and
Asthéa Ingénierie. Both companies specialize in the integration of
infrastructure and IT security solutions.
Transaction price
Undisclosed
The
expertise of Financière Cambon was a decisive factor in the
successful completion of this transaction. FC’s perfect knowledge
of every player in the market helped to ensure successful completion
of the deal under satisfactory conditions.”
J.B.
Gagliardi COLT Europe CEO
Neotion
September 2003Neotion raises funds from I-Source
Financière
Cambon successfully completed the fund-raising deal for this
promising young company.