M&A Deal Summary

Andera Partners and ActoMezz Acquire Prenax

On January 17, 2018, private equity firm Andera Partners and mezzanine finance firm ActoMezz acquired business services company Prenax from Arts et Biens

Acquisition Highlights
  • This is Andera Partners’ 8th and ActoMezz’s 1st transaction in the Business Services sector.
  • This is Andera Partners’ 42nd and ActoMezz’s 12th transaction in France.
Investment Fate
  • Prenax was sold to a consortium of financial buyers in 2020.

M&A Deal Summary

Date 2018-01-17
Target Prenax
Sector Business Services
Buyer(s) Andera Partners
ActoMezz
Sellers(s) Arts et Biens
Deal Type Secondary Buyout

Target

Prenax

Courbevoie, France
Prenax provides an outsourced procurement and management service for subscription-based resources to companies and institutions globally, supported by premium, dedicated customer service and a user-friendly platform. Prenax was formed in 1993 and is based in Courbevoie, France.

Search 214,981 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 2

Buyer

Andera Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 3.7B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Andera Partners is a private investment firm focused on several strategies. The Firm invests in life science opportunities through its BioDiscovery group. The Firm invests in Western European small to mid-sized companies (€30 to €300 million of revenue) through its Winch Capital group. Andera invests in small to mid-sized French companies (€10 to €100 million of revenue) through its Cabestan Capital team. Andera invests in €5 to €45 million of mezzanine capital to support small to mid-sized French companies. Andera Partners was established in 2001 and is headquartered in Paris.


DEAL STATS #
Overall 59 of 123
Sector: Business Services M&A 8 of 17
Type: Secondary Buyout M&A Deals 7 of 13
Country: France M&A 42 of 86
Year: 2018 M&A 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-09 MCI Group

Geneva, Switzerland

MCI Group is an organization of professional congresses and Corporate Events. MCI Group was founded in 1987 and is based in Geneva, Switzerland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-15 Soft Company

Paris, France

Soft Company provides IT services, for the banking and finance sector. Soft Company was founded in 1991 and is based in Paris, France.

Sell -
DESCRIPTION

ActoMezz is a mezzanine finance firm focused on small to mid-sized French companies. ActoMezz invests between €5 and €100 million and looks to work with sponsored and sponsorless investment groups and provide other financing needs. ActoMezz is based in Paris.


DEAL STATS #
Overall 12 of 50
Sector: Business Services M&A 1 of 6
Type: Secondary Buyout M&A Deals 8 of 26
Country: France M&A 12 of 48
Year: 2018 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-01 Walor

Laval, France

Walor is specializing in manufacturing machined parts from cold forging and machining for the Automotive industry. Walor was founded in 1993 and is based in Laval, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-15 NG Travel

Paris, France

NG Travel is a tour operator. The group offers a very wide range of tourist stays covering a choice of nearly 30 destinations. The group distributes this offer via its Boomerang Voyages and Promosejours brands, and also offers tailor-made trips on the Directours.com website. NG Travel was founded in 2008 and is based in Paris, France.

Buy -

Seller(S) 1

SELLER

Arts et Biens

Paris, France

Investor


Category Growth Capital Firm
Founded 1999
PE ASSETS 40M EUR
Size Small
Type Sector Agnostic
DESCRIPTION

Arts et Biens is a private equity firm specializing in buyouts (MBOs, MBIs, LBOs) of French companies. In addition to investing directly in companies, Arts also invests in private equity funds. The Firm looks to invest €2 to €20 million per transaction. Arts seeks to hold majority interests and targets companies operating in the fields of consumer goods, specialty retail, software/technologies and business services. Arts et Biens was formed in 1999 and is based in Paris.


DEAL STATS #
Overall 3 of 5
Sector: Business Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 2
Country: France M&A 2 of 4
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Arteum

Paris, France

Arteum provides gift shops and bookshops-gift shops of fine art museums, science museums, tourist monuments, zoos, aquariums, amusement parks and all recreational and culture orientated sites. Arteum has developed a customised innovative retail and multichannel approach and expertise specific to the cultural and touristic distribution. Arteum was founded in 2008 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Pecheur

Gannat, France

Pecheur is an online retailer specializing in fishing equipment and boating gear across multiple fishing styles (e.g., freshwater, saltwater, fly, carp). The company operates an e-commerce platform offering a wide catalog of brands and references. Pecheur was founded in 2000 and is based in Gannat, France.

Buy -