January 2009Assurone raises €11.5 million from CDC Entreprises and Seventure
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.
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.
11 500 000 €
October 2008Teleca Group sells its French subsidiary to AFD Technologies
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.
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
Luiga CFO Teleca
June 2008Techviz completes its first round of fund-raising with Alto Invest and IDF Capital
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
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.
May 2008Autodesk builds its presence in France by acquiring 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.
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).
« 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.
March 2008LMBO on Consort NT
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.
in 1992, Consort NT is a software engineering firm that offers
consulting, systems integration and facilities management services to
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
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.
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.
32 000 000 €
February 2008welcomeOffice.com joins Raja Group
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.
Cambon worked on behalf of the shareholders of Welcome Office on the
deal: the founders, the business angels and the private equity fund.
January 2008Anyware Technologies sold to Wavecom
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.
13 000 000 €
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.
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.
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.
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
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.
Financière Cambon successfully led the bid to acquire Autoreflex.com
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.
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.).
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.
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
is the internet’s top editorial portal devoted to travel that
offers comparison shopping.
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.
9 000 000 €
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.
33 000 000 €
July 2006Groupe Diwan
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
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.
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.
41 700 000 €
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.
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.
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.”
Lebrun, Director of Equity Investments for Seventure.
is a key player in product information management.
Commerce, a publisher of Multi-Channel Business Solutions that is traded on Eurolist C, is acquiring Exsyde in order to complete its
Financière Cambon initiated and coordinated the
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
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.
July 2005Cristal Décisions
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.
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.
December 2004Omnicom Group
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.
“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
October 2004Amalthis sold to Sage
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
Cambon was the advisor to all of the selling shareholders, including
IDI, Banques Populaires, and Entrepreneur Ventures.
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.
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.
March 2004Iwedia raises funds from I-Source
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.
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.
December 2003Colt sells its Apogée and Asthéa subsidiaries
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.
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.”
Gagliardi COLT Europe CEO
September 2003Neotion raises funds from I-Source
Cambon successfully completed the fund-raising deal for this
promising young company.