September 2014TA Associates invests in Groupe Ciprès
Headquartered in Levallois-Perret, France since its inception in 2000 and staffed by 150 employees, Groupe CIPRÉS specializes in complementary health and death & disability insurance for SMEs and self-employed professionals. The company is one of the leading businesses in its segment. Groupe CIPRÉS currently manages more than 47,000 insurance contracts.
"TA Associates’ experience and deep understanding of brokerage and financial services were instrumental in the selection of our new partner. The management team is confident that CIPRÉS can build on its expertise accumulated over the last 15 years to seize opportunities in its rapidly evolving market. We have ambitious goals for both our insurance partners and our current and future broker partners. Our employees are focused more than ever on the five-year plan we launched last year and we aim to grow significantly," said Laurent Ouazana, newly-appointed President of Groupe CIPRÉS.
"CIPRÉS is one of the few independent players in complementary health and death & disability insurance in France that has managed to establish a strong brand name and expertise among brokers and insurance companies. We are delighted to partner with Laurent Ouazana and the management team, and to support the company in its next stage of growth," said Patrick Sader, a Principal at TA Associates who will join the board of directors of Groupe CIPRÉS.
“The complementary health and death & disability insurance market for SMEs and self-employed professionals in France is expected to see significant changes in the coming years due to increasing adoption of these services and evolving healthcare regulations. TA has a strong history of investing in financial services companies and creating value by strategically improving the businesses’ ability to meet the demands of their respective segments, and we believe CIPRÉS is well-positioned for similar success,” said Ajit Nedungadi, a Managing Director at TA Associates who will also join Groupe CIPRÉS’ board of directors.
Groupe Molitor welcomes the investment: "Our Group will now focus its activity on expatriate insurance. We are very confident that management will successfully lead CIPRÉS in its next development phase,” said Gilles Zeitoun and Georges-Henri Levy, co-Presidents of Groupe Molitor.
Groupe CIPRÉS will be TA Associates’ fourth investment in France. Since 2009, TA has invested in retail asset manager DNCA Finance, online stock image provider Fotolia and accessible luxury clothing brand Zadig & Voltaire.
Financière Cambon is serving as financial advisor and Linklaters is serving as legal counsel for Groupe CIPRÉS. Latham & Watkins is providing legal counsel to TA Associates.
June 2014Expedia acquires Auto Escape
Expands European car rental market presence by adding more than 20 websites and additional choices for consumers
Expedia, Inc. acquired Auto Escape Group, one of Europe's leading online car rental reservation companies from private equity fund Montefiore Investment and certain members of the AutoEscape Group's management team.
Auto Escape Group will become a part of the CarRentals.com brand and report into Henrik Kjellberg, President of the Hotwire Group.
"We are excited to expand our CarRentals.com brand internationally so that we can provide our customers more choices across the globe and help our supply partners expand their marketing reach," said Henrik Kjellberg, President of the Hotwire Group.
January 2014Sale of Cameleon Software to PROS Holdings Inc. through a public tender offer
Founded in 1987 in Toulouse (France) and listed on NYSE-Euronext since 1999, Cameleon Software is a leader in multi-channel and multi-device product CPQ and proposal solutions. The Company was acquired by PROS Holdings Inc. (NYSE: PRO) through a friendly tender offer agreement in an all-cash transaction with the view to furthering its internationalization strategy and sales efficiency. With 27 years of experience in data science, PROS Holdings Inc. offers Big Data analysis solutions in order to optimize sales, prices, quotes, promotions and revenue management within over 30 sectors.
As a result of the tender offer aiming for 100% of Cameleon Software’s shares, PROS Holdings owns 84.37% of the Company’s capital and 98.63% of its outstanding warrants. The tender offer gave all share and warrant holders the opportunity to benefit from immediate cash at an attractive level of valuation. The Offer comprised all Cameleon Software’s shares for an enterprise value of approximately €24m ($33m). PROS Holdings Inc. and Cameleon Software highlighted their complementarities in terms of product offering, geographical coverage and distribution networks.
“PROS planned acquisition of Cameleon represents another step in our mission to help customers outperform,” said PROS President and CEO Andres Reiner. “The proposed addition of Cameleon’s market-leading CPQ solutions with PROS big data applications would offer a unique, end-to-end sales effectiveness solution that drives sales growth. Customers are seeking a single platform that combines the efficiency of sales execution with big data science to optimize the lead-to-order process.”
Cameleon President and CEO Jacques Soumeillan added, “With PROS, we find a wealth of commonalities, a strong cultural fit and a shared interest in helping customers improve sales effectiveness. We strive to deliver the most innovative and robust CPQ solutions, and we are confident the proposed combination of PROS and Cameleon would offer a unique value proposition for our respective customers and partners. This would be a tremendous opportunity for our employees in Europe and the U.S., as we work together to grow the market, and expand domestically and internationally.”
29 000 000 €
December 2013Alten acquires G-Fit
Founded in 1998 by Philippe Grellard and Thierry Gauthier, G-FIT is an IT services expert which addresses the needs of large companies with a particular focus on Project Support Services through design and implementation. Specialized in Banking/Finance/Insurance and the service sector, the Company has developed a strong and long-term relationship of trust with its main clients: BPCE-Natixis, Crédit Agricole, PSA, …. Today, G-FIT employs over 140 consultants in France and Morocco and generates revenues of 12m€.
With the acquisition of G-FIT, ALTEN strengthens its HRIS, namely in the Banking sector allowing the latter to become a leading national player in the field. ALTEN will also benefit from on-shore and near-shore (Morocco) dedicated centers developed by G-FIT. As a result of this operation, the newly-formed group will be able to secure a significant number of large clients and experience a 20% revenue growth in 2014.
November 2013Publicis Groupe acquires ETO
Founded in 1985 by Jean Derreumaux and Nicolas Leconte, ETO counts today 220 employees specializing in helping brands develop sustainable and profitable relationships with their clients through CRM, digital marketing and big data technologies. Having experienced consistent growth for the last 20 years, ETO is built upon a hybrid model bridging marketing and technology. The agency is notably strong in data management and analysis, in which it brings together over 100 team members.
Current directors Laurent Dunkelmann, Yves Riquet, Jean-Edouard Faidherbe and Yan Claeyssen, will maintain their management roles. The integration of ETO, and particularly the implementation of synergies with Publicis Worldwide, has been entrusted to Publicis Dialog’s co-chairmen Christian Verger and Nicolas Zunz.
“ETO is an agency we have admired for a long time, notably for its expertise in data. This acquisition will allow us to further improve our value proposition in CRM and on the emerging markets of VRM (Vendor Relationship Management) and big data”, Publicis Worldwid CEO Arthur Sadoun said. Yan Claeyssen, ETO President added, “Publicis Worldwide is a very well-known brand with an international network and very similar values to our own. This association will allow our clients, as well as our employees, to follow and accelerate the adventure notably on an international scale.”.
This move allows Publicis Worldwide to advance its offerings in the fields of CRM and datamining (the study of big data), while also expanding its reach in France and worldwide. ETO boasts a client roster of over 40 brands, one-third of which being international, including Orange, LVMH, TOTAL, GO Sport and Sephora, among others.
Financière Cambon was selected by ETO shareholders to advise the transaction.
September 2013GFI Group acquires Addstones
A SIGNIFICANT KNOWLEDGE BASE FOR SERVING MAJOR CUSTOMERS, WITH A HIGH LEVEL OF REPEAT BUSINESS
Gfi Informatique announced that it has acquired 100% of the capital and voting rights of Addstones Consulting. With a workforce of 136, Addstones Consulting provides comprehensive and unit-based consulting and technical assistance services exclusively for the largest French and international banks. Its revenues, exclusively realised in corporate and investment banking, asset management and investor services, are expected to be around €13 million in 2013. Revenues are highly visible, thanks to the high proportion of GTA . The company shows a fairly good profitability.
GFI INFORMATIQUE NOW LEADS ON THIS SEGMENT THANKS TO ITS COMBINED ADDSTONES CONSULTING AND VANILLA BUSINESS
This transaction will enable the Group to increase its visibility in the promising corporate and investment banking sector. By combining Addstones and Vanilla, the group will have a workforce of almost 250 people to serve customers in the CIB segment. With the support of all Gfi Informatique Group resources, the two combined firms will be able to respond to the growing demand for centralisation, industrialisation and innovation in a fast-changing market segment.
Gfi Informatique is strengthening its global leadership in consulting and services designed for banks and insurance companies, where it has revenues of over €200 million.
September 2013Sagard invests € 40.000.000 in Groupe Santiane
Santiane Group was founded in 2006 and operates through two wholly owned subsidiaries : the online insurance aggregator Santiane.fr and the insurance wholesaler Néoliane. Santiane Group is the leader in online health insurance and death & disability insurance. In 2012, the consolidated revenue of the firm grew 97% to reach €24 million. This fundraising will allow Santiane to boost the growth of its wholesale subsidiary Néoliane Santé, to increase R&D spending and to further diversify its product offering. The fundraising was a cash transaction ; no debt was raised during this round.
Pierre-Alain de Malleray, Managing Director, declared : "Santiane's potential for organic growth in France remains very strong as the rules governing the insurance distribution sector are rapidly changing. With Sagard's involvement, we are now seriously considering buyout opportunities as well as all available options for an international expansion." Frédéric Stolar, Partner at Sagard, said : “We are delighted to invest in Santiane whose modelhas changed the paradigm in the French health insurance industry. The transaction is seamlessly aligned with our investment philosophy, which is to support an exceptional management team in driving strong growth; while the venture capital aspect of the operation is rather unusual for Sagard.” The investor Jacques Veyrat will also acquire a stake in the firm while BNP PE, shareholder since 2011, exits.
Following the closing of the transaction, the founders, the Courtin family and key managers will keep the majority stake as well as their functions within the Group.
Santiane Group is an insurance broker specializing in the design, the comparison and the distribution of insurance products aimed at individuals. With a 2012 consolidated revenue of €24 million, the group has posted an average growth rate of 122% per annum since 2008. Santiane's staff (200 employees) is based in France, where the company was founded. The group collaborates with the biggest names in the insurance industry (AXA, Generali, April, SMAM Mutuelle, Groupe Prévoir, Mutuelle UMC, Ugip) and can provide, through its subsidiary Santiane.fr, over 300 insurance quotes from 16 companies.
September 2013Orange acquires InovenAltenor
Founded in 2005, InovenAltenor is a fast-growing consulting firm specialised in management, innovation and transformation. It operates today as a French market leader in the fields of digital transformation, cross-channel client relations and information system transformation programmes monitoring. InovenAltenor benefits from a diverse client base, mainly comprised of large-cap companies but also new digital actors, in financial services, e-commerce and the energy.sector. In 2012, InovenAltenor achieved revenues of around 10 million euros with 60 partners.
Orange Consulting, the 100% owned consulting subsidiary of Orange Business Services, advises companies in France and internationally on various aspects of digital transformation: digital strategy, innovative business models, client experience, cloud migration, security, change management…
Created in 2009, Orange Consulting currently employs 200 consultants and works with start-ups, SMEs, large companies and public administrations.
“Today, firms are facing considerable challenges related to digital transformation”, Orange Business Services Executive Director Thierry Bonhomme explains. “This acquisition will merge and strengthen the expertise of both firms to assist our clients in large value-creating projects. We are very proud to welcome InovenAltenor teams within Orange Business Services.”
“Following three years of two-digit organic growth, this acquisition perfectly consolidates Orange Consulting’s strategy and ambitions. The synergy of our activities and those of InovenAltenor will enable us to broaden our scope of expertise and help our clients face their technological and work challenges.” Orange Consulting Managing Director Jean-Pierre Lemaire stated.
“This project reinforces our leading position in transformation consulting and provides our company with the required scope for future development. We can address our future with even greater ambition. The strategic role that InovenAltenor will play in developing Orange Business Services is a significantly motivating factor for all our partners” InovenAltenor CEO Jean-Philippe Couturier.
August 2013Edjing completes A-Round with Entrepreneur Venture
EDJING, world's #1 mixing application
Launched in 2012 on iOS, Edjing is the first social application dedicated to mixing on a mobile platform. Since Its release, the application has experienced exponential growth. Already accessible in more than 170 countries, Edjing has become the world reference for mixing with over a million downloads per month and around 10 million users. Currently available on iOS, Android, Amazon and Windows, it is the first and only multiplatform track-mixing application on the market.
Edjing has been the recipient of numerous awards, such as "best application of the year" at the 2013 App Awards. As it continued gaining in popularity, the young French start-up caught the eye of American industry giants, notably Facebook (Web12, FacebookDeveloper.com), Amazon and Microsoft (Microsoft Build Conference in San Francisco), that did not hesitate to offer their support to the firm.
Pursuig their international development and diversifying their offering
This operation will allow Edjing to expedite its international development. The North-American and Asian markets, respectively accounting for 27% and 16% of the application market in volume, are also a priority. In addition, the start-up will be able to diversify its offering and develop new verticals within the world of musical applications. Ultimately, Edjing will use this capital to recruit new talents and double its workforce by 2014.
CEO and Founder of Edjing, Jean-Baptiste Hironde, states "The trust given to us by investors strengthens our opinion that Edjing has managed to become an important international mobile application developer. This capital offers our firm new development perspectives. We have an ambition to offer a playful, reliable and innovative application on an international scale. Today, and thanks to our new partners, we are provided with all the tools to achieve our future objectives."
Deezer Founder, Daniel Marhely adds "I am glad to provide support and participate in the success of Edjing. From my experience with Deezer and its offering, I can only be sensitive to this undertaking! I am convinced that Edjing will continue to be a benchmark for all fans of track-mixing mobile applications."
2 000 000 €
July 2013Travelsoft connects with MBO Partenaires
In the summer of 2013, Christian Sabbagh strengthened his equity position in TRAVELSOFT via a Management Buy Out (MBO) with MBO Partenaires. This operation, for which A Plus Finance provided mezzanine financing, also offered an exit opportunity for Viveris Management and Stepar, which had joined the start-up as shareholders 10 years ago. The new partnership will allow TRAVELSOFT to consolidate and enhance its expansion.
TRAVELSOFT is currently developing the ORCHESTRA platform, a SaaS (Software as a Service) dedicated to the tourist industry. The ORCHESTRA platform gives professionals the opportunity to produce, administer, distribute and manage an integrated leisure offering across distribution channels: holidays (packages), overnight hotel stays, airline tickets, dynamic packages and so on. Specifically, ORCHESTRA provides unified real-time access to the offerings of more than one hundred different producers (tour operators, web providers, cruise agencies). In just a few years, TRAVELSOFT has established itself as a leader in the French market. Currently operating in France and Spain, TRAVELSOFT plans to become the leading leisure platform in Southern Europe through a combination of internal and external growth.
TRAVELSOFT, which employs a staff of 48 in its head office in the second arrondissement of Paris, estimates that its revenues will reach €7 million in 2013.
TRAVELSOFT group’s founder & CEO, Christian Sabbagh, was looking for a strong financial partner to accelerate the geographical development of the group.
June 2013BVA Group (Rev. €65m) acquires Masters Consultants
In order to increase its visibility and make its business sustainable in a competitive market, Masters Consultants has decided to join BVA Group in June 2013. As the 4th largest research agency in France with 65 million of turnover, BVA Group will participate to Masters Consultants growth, constantly positive since 1989.
Masters Consultants expertise in mystery shopping survey, consulting and Quality of Service (QOS) management perfectly fits with BVA Group leading position on customer’s satisfaction and loyalty surveys. Transaction rationale is therefore to create synergies and to offer new comprehensive and innovative solutions as regards customer’s satisfaction.
However, the organization, the methodology, the operational teams and the management of Masters Consultants will remain unchanged. As a full-fledge entity, the Company will benefit from the investments and the expertise of BVA Group so as to become the market leader and to keep being a reference in quality and reliability of the data.
About Masters Consultants
Established in 1993, Masters Consultants is a French services Company specializing in mystery shopping surveys, and more generally, in service quality measurement. The Company is recognized for its high value-added service which has enabled it to become an important contributor to quality and HR policies (bonuses and incentives), customer loyalty programs, sales force trainings, staff evaluations, compliance with franchise agreements, contracts and certifications.
Masters Consultants team is composed of 50 permanent employees who are supervising 3,300 investigators in France and Benelux.
About BVA Group
For more than 40 years, BVA Group provides its clients with a high expertise in all business sectors, innovations and new methods. As a pioneer in terms of new techniques and approaches (behavioral, non verbal, digital, etc), BVA Group offers qualitative and quantitative studies which enable its clients to analyze consumers’ complex behavior and to elaborate operational and strategic recommendations. BVA Group is an independent company, active in France and abroad with 7 regional offices and 300 permanent employees.
December 2012PagesJaunes acquires Chronoresto, a key player in ordering meals online
Chronoresto, a major actor in the delivery and take-away market This start-up, number-two Internet portal in France in its field, founded in 2008 by Charles Dunston, had revenues up +54% in 2011 and +32% in 2012. Chronoresto.fr has developed a multichannel offering – solutions for Internet, mobile phones, tablets, connected TV – allowing a meal to be ordered from locally-listed restaurants, from among 800 partner establishments in France.
PagesJaunes Groupe is completing its ecosystem of digital offers for restaurants PagesJaunes Groupe already offers digital marketing services such as creating Internet and mobile websites, Facebook fan pages and videos for the food services market. The company is now enhancing its offers with the Chronoresto solution, a new business accelerator for professionals in the sector. And Chronoresto will benefit from increased orders by becoming visible on all of the Group's relevant media (pagesjaunes.fr, mappy.com, mobile applications). Moreover, PagesJaunes Groupe's local sales force will enable the Chronoresto website to increase its audience and business in the area.
The user experience is enriched by being able to order meals over Internet By integrating Chronoresto, PagesJaunes Groupe will provide its users with a new transactional function, thanks to its various forms of web and mobile media. Fixed and mobile Internet users who are searching for a restaurant on pagesjaunes.fr, on the mobile applications, or on mappy.com, will be able to click on an "order" button and directly make a purchase, as such enriching their user experience. This is now a comprehensive offer adapted to the new "SOLOMO" consumption trends that the Group offers in food services: from searching for good addresses to online ordering, including consulting recommendations and organizing dinners amongst friends. This is yet another step after the development of Rest’Oh!, a mobile application which has become a reference for searching for local restaurants with over 100,000 downloads in 2 months.
"The food services market on the Internet is at the heart of our strategic priorities. We are taking an offensive stance in this sector and with the development of dedicated services - the Rest’Oh! app and the Facebook fan pages, for example - we have shown that we have all of the innovation capabilities needed to gain market shares in this vertical sector. With the acquisition of Chronoresto, we have completed an additional step, with the ambition to become the unrivalled player in the sector. We are very pleased with the arrival in our Group of Chronoresto’s team and are confident in our ability to win over new customers and a new audience", explains Jean-Pierre Remy, CEO of PagesJaunes Groupe.
Charles Dunston, CEO of Chronoresto, indicates that: “We are thrilled to
join PagesJaunes Groupe. The teams at Chronoresto have shown the
pertinence of their know-how and the plebiscite for their service with
food service providers as well as Internet users. By joining PagesJaunes
Groupe, we will take advantage of acknowledged expertise in the local
communications market and we will increase business performance thanks
to the synergies to be formed with the various subsidiaries, especially
PagesJaunes and Mappy"
July 2012Turenne Capital invests in business travel specialist 3mundi and its development bid
3mundi facilitates business travel planning and optimizes business travel procurement. In less than five years, 3mundi has established itself as a serious alternative to traditional networks by combining high-performance technology tools and knowledge of its industry in ways that address the new demands of businesses and their travelers.
Present in France and in Switzerland, 3mundi employs a staff of 40 to serve its 300 corporate clients. Since inception, 3mundi has seen a steady rise in the number of new contracts signed and in fact leads its market in terms of growth (more than 100% per annum). Growth in 2012 is expected to be as dynamic as that of previous years, as new locations open in Europe and targeted acquisitions are completed.
To support its ongoing development, 3mundi decided to seek out an investor of the first rank. With the 2.1 m€ it raised – with Turenne Capital, via the local investment fund (FIP) managed by Turenne Capital Partenaires and Nord Capital Partenaires, organized by Financière Cambon – 3mundi’s leadership will be able to step up the execution of its strategy for achieving international growth.
“This capital boost gives us the means to achieve our goal of becoming the most credible alternative to large integrated networks,” noted 3mundi’s top executives, Simon Renaud and Jordy Staelen. “Our clients choose us because we offer top-notch service while enabling them to streamline business travel expenses for their organization. With Turenne’s support, we can step up our effort to recruit the industry’s leading business travel experts and consolidate our technological lead.”
According to François Picarle and Alexis de Maisonneuve of Turenne Capital, “although the global economic backdrop has deteriorated, the global economy requires all businesses to be global, regardless of their size. For this reason, we think the service offered by 3mundi is particularly relevant today, because it responds perfectly to market expectations: manage business travel at the lowest possible cost while ensuring optimal service quality. A business travel expert that is growing this rapidly is a rare thing and thus worth paying attention to. Given the energy and focus of its executive leadership and staff, we are very confident that 3mundi has what it takes to become a major player in the field of business travel.”
July 2012SPIE acquires APX's facilities management (Rev. €58m)
APX’s facilities management business (providing local services along with facilities management) is complementary to that of SPIE Infoservices, a subsidiary of SPIE Communications. The company, which maintains close ties with its customers (major clients and administrations) operates from the following four main services centres: helpdesk in Rungis (Val-de-Marne) and Lyon (Rhône), remote services in Echirolles (Isère) and logistics in Herblay (Val-d'Oise). It has 1,030 employees and achieved sales worth €58 million in 2011.
“Building on its principles of local service, efficiency and responsibility in serving its customers and local authorities, SPIE Communications is now consolidating its position as a leader in communication systems and distributed IT infrastructures. By acquiring the APX facilities management subsidiary, SPIE Communications will continue strengthening its position in this market, with complete mastery in areas of from the workspace to datacentre infrastructures and including all IP networks. As a result, we will be able to step up the pace of implementation of our strategy to become a global IT services company and increase our range of service offerings,” says Gilles Brazey, CEO of SPIE Communications.
“Created by the merger between APX facilities management subsidiary and Getronics in 2006, our business activity has shown constant growth in this field, winning prestigious new customer references every year”, points out Noël Saille, Chairman and CEO of the APX group, “Our personnel have always been responsiveness to our customers’ requirements while being innovative and developing their expertise. The addition of our specialised facilities management unit to the SPIE Group will ensure that our customers’ new needs continue to be anticipated and that its business will continue to expand in the long term.”
This transaction, completed by Financière Cambon, should be finalised by the end of August.
June 2012Norwegian Infront (market data solutions) acquires Infinancials
Infinancials delivers business valuation and equity research solutions to corporate finance, private banking, asset management and private equity professionals. Its unique combination of in-depth data covering more than 80,000 listed companies with expert analysis and powerful modelling tools has made Infinancials a leading player in its field.
The deal will ensure that the high-quality Infinancials service remains open to a worldwide customer base of over 7,000 finance professionals, including many Infront customers already accessing the service via the Infront terminal.
“This acquisition is great news for Infinancials customers as they will continue to use their current solutions, and benefit from faster product development, new data sets and other synergies”, says Infinancials CEO Vincent Nahum. “Moreover, our expertise and technology will perfectly complement Infront’s assets, and this is a great opportunity for the Infinancials Paris office to grow and become a major R&D centre for the group."
"Infront customers benefited from the excellent Infinancials service for years" comments Kritian Nesbak, Infront CEO. "Through this acquisition, we are able to ensure that Infinancials can grow as an open service that is available to all finance professionals, whether they access the service in the Infront terminal, on the web, or via another plateform."
May 2012Financière Cambon advises Axelliance Group on Turenne Capital deal
Paris, May 21, 2012 – Founded in 2006 and chaired by Daniel Derderian, the Axelliance Group is a commercial insurance brokerage firm specializing in the design, distribution and management of insurance solutions and services for business professionals throughout France. A multi-specialist in the field of commercial insurance, the Group currently has a staff of more than 65 employees who work out of Lyon, Paris and Bordeaux.
After CM CIC Développement became a capital stakeholder in October 2010, and following the successful acquisition of SART Assurances and the Solyas Group in April and September of 2011, respectively, the Axelliance Group is pursuing its business growth strategy with an investment from Turenne Capital, an independent asset management firm with AMF approval, specializing for more than a decade in providing growth capital to expanding businesses.
The addition of this new investor enables the Axelliance Group to increase equity and thereby pursue the sustained external growth strategy that has already led to the acquisition of eight specialized structures in five years.
With annual revenue of €15 million, more than €130 million in premiums collected and growth of more than 47% in 2011, the Axelliance Group – which already ranks among the top 20 insurance brokers in the French market – seeks to double in size by 2015 and become one of the top 10 insurance brokerage firms in France.
March 2012BeeAd merges with Ebuzzing
Ebuzzing, Europe’s leading platform for social media advertising, is merging with BeeAd, a French specialist in media site advertising videos. Thanks to the complementary nature of their businesses, the merger of BeeAd and Ebuzzing gives rise to the new European leader in online video advertising.
For Bertrand Quesada, Chairman & CEO and co-founder of Ebuzzing: "This perfect fit between the offer of BeeAd, a specialist in the dissemination of premium formats on media sites, and that of Ebuzzing, which focuses on social networks, will enable us to provide ad agencies and advertisers with a full range of formats combined with power that is unrivaled in Europe.”
Exporting the BeeAd model across Europe
The model for monetizing premium content invented by BeeAd will get a boost from the strong presence Ebuzzing has built up in Europe (with offices in France, the UK, Germany, Italy, Spain, Luxembourg and Switzerland). BeeAd will also gain access to a network that spans 90 countries in which Ebuzzing already does social media advertising.
BeeAd, which becomes a business unit of the Ebuzzing Group, will continue to develop under its own brand name in Europe. Other parties to the agreement with Ebuzzing include the leading site for free and legal music downloads www.beezik.com and WeSpread, a specialist in innovative performance-based advertising formats.
Jean Canzoneri, Chairman & CEO and co-founder of BeeAd, explains: "Ebuzzing offers us a genuine launching pad for exporting our unique advertising model across Europe. The co-founders of BeeAd and I are very enthusiastic about the idea of offering our knowhow to advertisers throughout Europe by building a network of publishers with continental reach."
Driven by the growth dynamic in this market, the new Group expects revenues to reach 40 million euros this year, and hopes to double that amount within a year. The European market for online video-based advertising amounted to 1 billion euros in 2011.
For Pierre Chappaz, Chairman & CEO of the Ebuzzing Group, "Internet video ads have become a key aspect of media plans thanks to the development of adapted offerings like BeeAd’s. Eventually, the internet monetization model and that of television will converge, but with the targeting and engagement capacities which are unique to the Internet in addition. This deal strengthens our leading European position in this market segment.”
February 2012Fastmag Group completed a minority OBO with Ciclad
FASTMAG Group (www.fastmag.fr) offers a complete management tool for the retail business with a major footprint in fashion. Based on a “full web” technology, the software is mainly composed of four modules: retail management, production management, creation and management of e-commerce websites, and management of distributors, importers and purchasing centers.
FASTMAG Group is a fast growing company which employs 27 people. Revenues for 2011 reached 3.9 million Euros.
FASTMAG group’s founder & CEO, Serge Chelli, was looking for a strong financial partner to accelerate the geographical development of the group.
January 2012Consort NT undergoes secondary LBO; management increases investment to 70%
Consort NT, the French IT consulting and outsourcing services provider, has undergone a secondary leveraged buy-out (LBO) operation, which saw EPF Partners, a private equity firm, acquire an unspecified minority stake, according to a company statement.
The French-language statement added that the management team, led by CEO Jason Guez and General Director Marc Adler, increased its interest in the company to 70%. The current investors Naxicap Partners and AXA Private Equity made a significant investment in the company, the item added.
The transaction, which was advised by Financière Cambon, was financed by a senior debt and a cash contribution, the item said.
Consort NT registered revenues of EUR 104m last year, the statement said. It has over 1,600 employees.
January 2012ITS Integra acquires Keyrus Hosting Services, hosting business of Keyrus Group
Having been launched by Keyrus as part of its " Web Agency " business, the hosting services business had been extensively modernized by the Keyrus Group in 2009 so as to allow it to offer, as early as the beginning of 2010, a new generation of "Cloud" infrastructure, based on virtualization technologies and capable of enabling the deployment of new services of the "Software as a Service" and "Infrastructure as a Service" type. This development had allowed the group to feature amongst the first service players to offer, and master, this type of hosted services for the entirety of its business lines: e-Business, Business Intelligence, ERP/CRM for the Mid-Market.
The specialists of IT Infrastructure having extensively developed their proposed services in the field of these now-mature technologies, Keyrus is today choosing to concentrate its financial and managerial resources on its business of Consulting and integrating performance management solutions and to transfer its infrastructure-on-demand services to a specialist, which at the same time becomes its strategic partner in this field.
When looking for alternatives for this project, it quickly became apparent that the best solution, as much for the continuity of the activities of ‘’Keyrus Hosting Services’’ and quality of service to its clients as for the operational and financial interests of Keyrus, was that proposed by ITS Integra, notably due to the strong technical synergies between the services offered and the complementary nature of the client base.
Eric COHEN, Founder & CEO of the Keyrus Group, comments : " After an initial stage of purely organic development of new "Cloud" mode services : Business Intelligence, Search, Collaborative and ERP/CRM, and given the investment necessary to achieve rapid growth in this segment and reach a critical mass, it appeared to us to be more sensible to sell off this business to a player which is specialized, and recognized, in this field and to enter into a strategic partnership with them which allows us to continue offering our application solutions in hosted mode. In this regard, ITS Group seems to us to be the ideal partner and the initial services proposals that we have build together are a real success. "
"Thanks to Financière Cambon team for this second transaction together: they have demonstrated again their outstanding ability to identify the right partner !"
Eric Cohen - Keyrus CEO
December 2011Expedia Inc. acquires Self Booking Tool Provider Traveldoo
Egencia™, an Expedia, Inc. company, today announced that it has acquired Traveldoo, a leading provider of Web and mobile platforms for business travel management, at the end of a process organized by Financière Cambon.
Traveldoo’s leading corporate travel booking tool complements Egencia’s fully-integrated Travel Management Company services platform, with its innovative corporate travel technologies. Traveldoo’s unique combination of user-friendly technology and broad content are aligned with Egencia’s strategy of leveraging technology to provide a better corporate travel management solution.
“With technology and innovation at the core of our business, Traveldoo is a natural addition to our company,” said Rob Greyber, President of Egencia. “This acquisition positions Egencia to continue to expand our reach and further differentiate our offering in the market.”
Traveldoo will remain autonomous, operating as a business unit of Egencia. There will be no changes for Traveldoo’s clients and partners. All Traveldoo employees will remain with the company, including the company’s co-Founder, Nabih El Aroussi. Mr. El Aroussi will continue to lead the company as the Managing Director, overseeing the day-to-day business as well as shaping its strategic direction; he will report directly to Rob Greyber, President of Egencia.
“Being under the Egencia umbrella will provide Traveldoo with a unique opportunity to accelerate our growth globally while strengthening our financial position,” said Nabih El Aroussi. “We are thrilled about the opportunity to grow with and contribute to a fast-growing innovator like Egencia.”
Founded in 2000 in France, Traveldoo’s solutions and services simplify travel planning and booking, help centralise travel data, optimise travel spend, improve risk and crisis management and make business travellers' and travel arrangers' lives easier. Traveldoo today serves more than 4,000 clients in over 50 countries.
December 2011Santiane.fr, leading online medical insurance broker, raises €5m
So far, 2011 is shaping up to be as dynamic as previous years (growth forecast in excess of 100%), thanks to the successful launch of its B to B business (wholesale brokerage).
In a bid to support this growth, Santiane.fr decided to seek out an institutional player of the first rank that had no ties to the traditional insurance industry. The resulting fundraising, with BNP Paribas Private Equity and organized by Financière Cambon, stands among the biggest deals of the year in the e-business market. BNP Paribas Private Equity is a member of BNP Paribas Investment Partners, the arm of BNP Paribas that handles most of its third-party private equity business. The funds raised will be mainly used to make investments in the Santiane.fr brand and to develop the Group’s network of non-proprietary broker partners.
Santiane.fr is currently reaping the benefits of two strong and durable growth trends that have a multiplier effect on one another: that of the health insurance market itself (which is expected to double in size by 2015) and that of online comparison shopping-policy purchase. In light of the company’s current growth dynamic and the multi-year recurrence of its revenues, it expects revenues to reach 50 m€ by 2013.
“We are delighted to welcome BNP Paris Private Equity to our board of directors. Its experience with growth companies will be of great value to our executive management team. In addition, having a player of this rank among our shareholder base gives a solid boost to our development plans. At the same time, the fact that it has a minority stake allows us to maintain our independence,” noted Christophe Courtin, Chairman of the Santiane.fr Group.
5 000 000 €
September 2011DevisProx closed its A-Round with CM-CIC Capital Privé
Positioned among the top players in its business, DevisProx allows consumers to make online comparisons of offerings in insurance, consumer lending, and personal asset management, as well as in the areas of home repair, services and tax optimization.
An ambitious development strategy
Now that it has successfully raised two million euros with CM-CIC Capital Privé, DevisProx is in a position to step up its growth and develop in other verticals such as home repair and renovation and personal services. In addition, DevisProx plans to expand into Southern Europe (Spain, Portugal and Italy) as of 2012.
“DevisProx has successfully combined strong revenue growth and profitability. For us, this investment attests to our confidence in the company’s management and its growth strategy, both in France and across Europe,” noted François Collet of CM-CIC Capital Privé.
“Thanks to this success, DevisProx now has the assets it needs to reach its new development objectives. We are delighted with the support we will be receiving from CIC as we pursue our development,” said Gérald Loobuyck, the founder of DevisProx. Financière Cambon was selected by DevisProx to assist the company with this equity raising transaction.
2 000 000 €
August 2011Sushi Shop rises €32m with Naxicap Partners
Created in Paris in 1998, Sushi Shop developed on its own until 2006, and then began operating as a franchise, first nationwide in France and then internationally, in response to building demand that became massive as of 2005. Present today in 5 countries, the network is growing at a sustained pace. In 2008, it opened 15 new outlets; in 2009, it added 17; the increase was 23 in 2010; and 30 new outlets agreements have been signed so far in 2011. With 75 units at year-end 2011, the Group is today the European leader in its segment and seeks to be over 200 units in 2014.
Abroad, the brand got off to a successful start: 8 units end 2010 in Belgium, Luxembourg, and more recently in Spain and in Italy. Its product range features fresh items, combining original creations (spring rolls, tulips, etc.) and traditional elements of Japanese cuisine, prepared to order and sold daily under various formats: takeout, home delivery and on premise.
“This operation symbolizes the beginning of a long-term relationship between Sushi Shop and a strong and ambitious investment firm. The national and the international networks are now going to grow at a stronger pace.” said Gregory Marciano, Sushi Shop chief executive officer. “We are excited about the opportunity to move forward with an investor that has an in-depth understanding of our business and industry, and we will be tremendous partners as we continue to pursue our strategy.”
Naxicap Partners has been shortlisted at the end of a competitive process organized by Financiere Cambon between a dozen of European investing firms. “We are thrilled to be investing in such a fast-growing company in a booming sector” said Eric Aveillan, Executive Chairman of Naxicap Partners Management Board.
32 000 000 €
July 2011First €4m round for Sofactory.fr
Sofactory.fr lie on the bottom-of-the-line contemporary furniture market, a “jeune habitat” boosted market in growth since 2003 (+70%), and considered today as the powerhouse of the internet furniture market estimated between €400m and €500m.
Created at the beginning of 2009, the website rapidly became one of the market leaders, thanks to its founders’ double expertise: the sourcing in quantity and in quality (historical savoir faire) and web skills.
The company employs about 40 FTE in Athis-Mons (91). This round will able Sofactory.fr to take the lead of a new more ambitious development plan, essentially through web marketing actions, to invest in its logistic tool and to expand the offer.
“Seventure has a cross-functional knowledge of the web profession, acquired when supporting some leaders of the sector. This mechanism knowledge, associated to a performance analytic approach, convince us of the pertinence of making of Seventure, a key partner to reach our growth objectives. ” said Michael Koskas, Sofactory.fr co-founder.
“We are enthusiastic about supporting Sofactory.fr project. The offer positioning and the great experience of the team on all the furniture value chain: range choice, sourcing, commercialization via internet, logistic, after sale service, convince us that the company has the adequate assets to rapidly develop itself and to become a major player of its market.” said Didier Piccino, Equity interests Manager at Seventure.
Financière Cambon has been mandated by Sofactory.fr to assist it on this fund raising operation.
4 000 000 €
June 2011Dailycall closed its A-round with Seventure
Dailycall conciliates a B2C approach, with a lead generation business model of professionals of various segments, such as lesartisansdemenageurs.fr for the moving industry, and a B2B approach providing to corporates customers’ acquisition and retention services.
Set up at the end of 2009, the company has demonstrated its ability to offer qualified leads to a professional’ network it federates in the moving tradesmen and it captures several big accounts with a customer relation’s value-added.
The company has around 20 employees in Paris and Tel-Aviv. This round of financing will enable the company to intensify its marketing activity, speed up its commercial spread out and improve its services on several vertical fields.
2 000 000 €
April 2011Mimesis closed its A-round amounting to €6.5 million
Set up in 2007 and managed by Nicolas Gaume, Mimesis republic is a french company that develops social playgrounds. In order to finance its development and the launch of Mamba Nation universe that targets 13-25 years old, Financière Cambon has advised the Company for its 6.5m€ round of financing with DotCorp (Steve and Jean-Emile Rosenblum’s investment company), Jaina Capital (Marc Simoncini’s investment company), Kima Venture (Xavier Niel and Jeremie Berrebi’s investment company), Verlinvest and Artémis. The company, that counts 47 employees, was funded by private investors for an amount of 5 m€.
The public beta version was launched in April 2011 with 175.000 registered members. Mimesis Republic plans an international development of Mamba Nation in 2012.
6 500 000 €
March 2011Ausy includes the activities of APX Application Services
Within the group APX, the activity of design and maintenance of computer applications totaled 144 employees, or 9% of the total workforce, with an annual turnover of ten million.
“This acquisition allows Ausy to meet its development objectives by completing its geographical coverage including Rhône-Alpes/PACA/Ile of France, acquiring expertise in industry sectors Health / Distribution / Procurement and strengthening its Centres Services, “said APX.
January 2011Easyvoyage, Europe’s second largest travel portal, has strenghtened its European footprint thanks to the acquisition of 3 companies in UK and Germany.
Financière Cambon has been appointed as sole financial advisor by Easyvoyage, to execute its external growth strategy. Founded in June 2000 by Jean Pierre Nadir, this travel portal offers editorial content, price comparison, hotel reviews, travel deals and a community forum. Following the acquisition of dealchecker.co.uk, TravelJungle and FSI Travel, Easyvoyage estimates that it will generate 800 million Euros worth of travel sales for its clients in 2011. The group now covers the five main European markets; France, UK, Germany, Spain and Italy, and has an average of 10 million unique users annually. Easyvoyage also has eight million active newsletter subscribers in Europe, boasting the largest number of newsletter subscribers for a travel portal in Europe.
“Financiere Cambon team has demonstrated a tremendous support to identify, target and negociate the terms of these transactions”
Jean Pierre Nadir – Founder and CEO of the Easyvoyage Group
November 2010Valtech: divestment of Axelboss, its Management Consulting business, acquired by Sia Conseil
Financière Cambon assisted Valtech, leading player in e-business and Agile technologies, in selling Axelboss, its Management Consulting business. This entity of 40 highly experienced consultants provides services to leading companies in various verticals, with a focus on industry, retail and finance. With this acquisition, Sia Conseil will strengthen its workforce, now up to 300 people, and add €7m to its €38m Net Sales. The company aims to become, thanks to its external growth strategy, a European leader in the Management Consulting business.
From a Valtech standpoint, this transfer is part of a wider strategy to refocus on its core business. It follows the ambitious project initiated by the new management team, set up in March 2010, after the success of a tender offer launched by SiegCo and led by Financiere Cambon, to bring Valtech as European leader in digital optimization.
August 2010Accel Partners invests € 37.000.000 in Showroomprive.com
The site was launched in October 2006 by David Dayan (20 years of experience in the destocking business) and Thierry Petit (12 years of experience as an Internet entrepreneur). It climbed to number 2 in the French market in less than 3 years, behind venteprivee.com, without recourse to outside financing and is the France's 7th largest e-business site (Nielsen - Dec 09). By the End of 2009, the site had more than 3 million members and 75 millions euros of revenue. It’s now aiming in for 140 millions euros and 6 millions members in 2010.
From an Accel perspective, this investment is part of a wider range of
investments that they’re making in the area of ‘social commerce’ – where
retailers use the social graph in some way to create new e-commerce
Financière Cambon acted as shareholders advisor and led all the M&A process with a team combining London and Paris offices.
37 000 000 €
"We’re very pleased to participate in Showroomprive.com
ambitious development plan, which relies on an efficient business model and an
innovative e-commerce platform. Financiere Cambon played a key role in the
transaction thanks to its ability to simplify the communication between the
different stakeholders, smoothing over the cultural differences, and its
capacity to preserve the management from a time-consuming process". Harry Nelis - Accel Partners
July 2010Nexway finalises an equity transaction (cash in/cash out) of 18,4 million euros
This fund raising led by Financière Cambon will enable Nexway to speed up its positioning in all international markets and better anticipate its response to the new issues and usage of digital consumption.
Nexway is a leading digital e-commerce
player and a strategic partner for Software vendors, PC Games publishers
and e-merchants worldwide. The company has enjoyed a rapid growth
thanks to strong and diversified partnerships with leading retailers and
e-merchants, including: 01net, Dell, Fnac, Orange, Gamestop, Pixmania,
VirginMega, ElCorteIngles, Tom’sGuide, Softwareload; key software
vendors, such as: Microsoft, Avanquest, Kaspersky, Lavasoft, Mindscape,
and Nero; and video-game publishers, including: EA, Ubisoft, THQ, Sega,
Atari and Take 2. Being a leading provider of turnkey e-commerce
solutions to e-content publishers and major Internet players Nexway is
committed to delivering high-quality, cutting-edge titles to consumers
through its broad portfolio of exciting software and video games,
enriched by its acquisition of Boonty in January 2009 (www.boonty.com).
Nexway has established subsidiaries in 10 countries and distributes
software and games for download in more than 50 countries globally. In
2008, Nexway reached the million download milestone and in 2009, for the
third year in a row Nexway ranks in the Top 100 of Deloitte’s
Technology Fast 500 EMEA. To learn more, please visit www.nexway.com
18 400 000 €
« Financière Cambon a su se mobiliser pour apporter plusieurs offres émanant des grands acteurs internationaux du private equity. Le process particulièrement bien maîtrisé a permis de sécuriser la transaction dans les délais demandés »
July 2010Naxicap-backed GSM Consulting acquires Subventium
Subventium is a consulting firm specialized in innovation company funding. Through the transaction, Subventium is joining GSM Consulting, a French leading company in cost killing advisory.
May 2010Idylis, a SaaS ERP Leader on the French market, sold to Divalto
Founded by Philippe Amand (formerly co-founder and managing director of Ciel® sold to Sage Group®), Idylis offers a large range of SaaS software for accounting, payroll and management tasks in the French market. The solution is primarily dedicated to microbusinesses, SMEs and CPAs. Idylis installed base to date includes more than 2,500 clients representing more than 6,000 users.
Created in 1982, Divalto Group is a ERTP software provider specializing on SMEs. The Group has sold its products to more than 11,000 clients representing more than 300 business areas (distribution, industry, service). Revenue for 2009 exceeded 9,9 million euros resulting from direct and indirect sales (150 vendors network).
February 2010Lynx Conseil completes an Owner Buy Out with UFG Private Equity
Since its inception in 2006, the company has made a significant growth : 4,1 m€ of revenue in 2009 with EBIT of 1 m€.
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.
2 000 000 €
December 2009Weekendtour raises €1.1 million with Turenne Capital
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.
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.
1 100 000 €
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).
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.
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
39 000 000 €
June 2009Indom raises €2 million with AXA PE
is the French market leader for business domain name registration,
offering a full range of services designed to optimize, manage and
secure domain names.
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.
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
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.
2 000 000 €
April 2009Beijaflore completes the acquisition of Ykems
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.
Paris-based SME generates around €5 M in annual revenues and is
La PME parisienne réalise environ 5 M€ de chiffres d'affaires pour une forte rentabilité.
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.
April 2009Blue Consulting completes a minority OBO
Consulting is a software engineering firm that was founded in 1999.
In 2008, it generated revenues of €15 million and had a workforce
Cambon conducted the call for capital that enabled the company
benefit from the support of a financial partner for its external
growth ambitions, while also allowing the company’s executives to
a portion of their assets.
In connection with this transaction, Financière Cambon was also
responsible for securing bank financing.
March 2009Ausy Group acquires Axylog
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.
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
February 2009Beezik raises €2.7 million from Axcel Loisirs France
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.
and advised Beezik on this fund-raising transaction with Axcel
2 700 000 €
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.”
de Launay, CEO of Beezik
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.
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
8 000 000 €
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.