M&A Deal Summary

Azulis Capital and Bpifrance Investissement Acquire Eksae

On September 30, 2019, private equity firm Azulis Capital and Bpifrance Investissement acquired software company Eksae from Cegid

Acquisition Highlights
  • This is Azulis Capital’s 1st and Bpifrance Investissement’s 3rd transaction in the Software sector.
  • This is Azulis Capital’s 70th and Bpifrance Investissement’s 52nd transaction in France.

M&A Deal Summary

Date 2019-09-30
Target Eksae
Sector Software
Buyer(s) Azulis Capital
Bpifrance Investissement
Sellers(s) Cegid
Deal Type Divestiture

Target

Eksae

Paris, France
Eksaé offers suites of complete solutions for managing and steering public action as innovative as it is efficient. Human resources, financial management, budget management, relations with citizens, Eksae is the partner of those who brings public service to life. Eksae was founded in Paris, France.

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Buyer(S) 2

Buyer

Azulis Capital

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 1.0B EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Azulis Capital is a private equity investment firm that targets buyout, recapitalization, and growth capital investments in France. Azulis looks to invest in mid-sized businesses with €20 to €120 million in enterprise value. Sectors of interest include consumer products and services, manufacturing, communications, healthcare, and chemicals. Azulis generally seeks to commit between €7 and €30 million per transaction. Azulis Capital was formerly known as Banexi Capital and is based in Paris.


DEAL STATS #
Overall 71 of 79
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: France M&A 70 of 78
Year: 2019 M&A 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-09 RPO

Neuilly-sur-Seine, France

RPO is a general and specialized radiology group. RPO's main mission is to offer a personalized radiography service. RPO radiologists and medical teams are there to provide medical imaging service and advice as well as to reassure at each stage of the examinations. RPO was formed in 2009 and is based in Neuilly-sur-Seine, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-02 Valority

Lyon, France

Valority provides advisory and management services for property investments to its clients. Valority was founded in 1985 and is based in Lyon, France.

Sell -
DESCRIPTION


DEAL STATS #
Overall 52 of 115
Sector: Software M&A 3 of 4
Type: Divestiture M&A Deals 2 of 2
Country: France M&A 52 of 114
Year: 2019 M&A 16 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-26 Biodis

Noyal Chatillon Sur Seiche, France

Biodis is a wholesaler of certified organic products (groceries, fruits & vegetables, fresh produce, drinks, hygiene). With more than 6,000 active references shipped from the same warehouse, specialized organic stores (MSB) can obtain their supplies almost exclusively from Biodis. Biodis was founded in 1988 and is based in Noyal Chatillon Sur Seiche, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-01 LINXION

Meyzieu, France

LINXION is a provider of technical solutions and products with high added value in the field of reinforcement for concrete and more specifically of reinforcement links. The Group offers a complete and global solution of particularly high-performance links, based both on its range of couplers and on the reinforcement preparation process itself. LINXION was founded in 1994 and is based in Meyzieu, France.

Buy -

Seller(S) 1

SELLER

Cegid

Lyon, France

Category Company
Founded 1983
Sector Software
Employees2,256
Revenue 282M EUR (2015)
DESCRIPTION

Cegid is a software company that serves the needs of companies and organizations of all sizes in the areas of managing financial and tax, human resources and business solutions to the manufacturing, trade, services, retail, hotel and catering, accounting, TPE and public sectors. Cegid was formed in 1983 and is based in Lyon, France.


DEAL STATS #
Overall 3 of 3
Sector: Software M&A 3 of 3
Type: Divestiture M&A Deals 1 of 1
Country: France M&A 3 of 3
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-23 Cylande SA

Roubaix, France

Cylande Group is a provider of software solutions for retail, further strengthening the group’s position at the forefront of the retail technology market.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-12 Talentsoft

Boulogne-Billancourt, France

Talentsoft is a cloud-native Human Capital Management (HCM) software with 2,200 customers active in 130 countries. Talentsoft leverages an open HCM platform with powerful talent management, learning, and core HR capabilities to enhance the employee experience while adjusting to cultural, linguistic, and regulatory requirements of HR management across Europe. Led by its co-founders, the company currently employs more than 600 staff in 15 offices. Talentsoft was formed in 2007 and is based in Boulogne-Billancourt, France.

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