Investment Summary

Bee Up Capital Exit Cyllene

On July 28, 2022, private equity firms Amundi Private Equity and UI Gestion SA invested in information technology company Cyllene from Bee Up Capital

Investment Highlights
  • This is Amundi Private Equity’s 1st and UI Gestion SA’s 4th transaction in the Information Technology sector.
  • This is Amundi Private Equity’s 12th and UI Gestion SA’s 75th transaction in France.

Investment Summary

Date 2022-07-28
Target Cyllene
Sector Information Technology
Investor(s) Amundi Private Equity
UI Gestion SA
Sellers(s) Bee Up Capital
Deal Type Secondary Buyout

Target

Cyllene

Nanterre, France
Cyllene specializes in the outsourcing of sensitive systems and is a global operator of communication, engineering and outsourcing. Cyllène supports its clients in their digital information systems transformation projects and offers "tailor-made" IT services solutions around infrastructure, outsourcing, and public cloud technologies, notably on Microsoft Azure and Amazon Web Services. Cyllene was founded in 1986 and is based in Nanterre, France.

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Investor(S) 2

DESCRIPTION

Amundi Private Equity is the direct, private equity investment arm of asset manager Amundi. The Group looks to invest €10 to €50 million in growth companies generating up to €1.5 billion in sales. Amundi Private Equity principally looks to acquire stakes in French companies, but will consider broader Western Europe as well. Sectors of interest include financial services, healthcare, materials, consumer products, energy, information technology, and communications. Amundi Private Equity is based in Paris, France.


DEAL STATS #
Overall 12 of 17
Sector: Information Technology M&A 1 of 3
Type: Secondary Buyout M&A Deals 7 of 9
Country: France M&A 12 of 15
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-05 Bio-clinic

Paris, France

Bio-Clinic is an operator of 20 medical analysis laboratories in Ile-de-France region. Bio-clinic was founded in 1995 and is based in Paris, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-19 Silversun

Lambesc, France

Silversun is an installation developer and carries out all stages of a roof photovoltaic power plant project internally (from development to installation and maintenance). Silversun was founded in 2005 and is based in Lambesc, France.

Buy -
DESCRIPTION

UI Gestion SA is a private equity firm focused on acquiring and investing in small to mid-sized French companies. UI Gestion seeks businesses with up to €50 million in revenue and is a generalist investor with no sector preferences. UI Gestion SA is based in Paris.


DEAL STATS #
Overall 75 of 83
Sector: Information Technology M&A 4 of 4
Type: Secondary Buyout M&A Deals 10 of 10
Country: France M&A 75 of 83
Year: 2022 M&A 8 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-20 Neftys Pharma

Paris, France

Neftys Pharma is a wholesale distributor specializing in the distribution of veterinary products to health and animal welfare professionals. Neftys Pharma was founded in 1987 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-01 Pilocap

Saint-Jean-d'Illac, France

Pilocap specializes in training for the prevention of occupational risks, mainly aimed at construction, industry, aeronautics and logistics services. Pilocap has a large catalog of training courses dedicated to machine operation (CACES®), electrical accreditation, working at height and health and safety. Pilocap was founded in 1993 and is based in Saint-Jean-d'Illac, France.

Buy -

Seller(S) 1

SELLER

Bee Up Capital


Category Private Equity Firm
Founded 1999
PE ASSETS 250M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Industries & Finances is a private equity firm focused on buyouts and roll-ups of small to mid-sized French companies. Industries & Finances is a generalist investor, however the Firm has a preference for companies that operate in fragmented markets with potential for consolidation. Industries & Finances is headquartered in Paris.


DEAL STATS #
Overall 3 of 3
Sector: Information Technology M&A 1 of 1
Type: Secondary Buyout M&A Deals 3 of 3
Country: France M&A 3 of 3
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-13 Daco Bello

Antony, France

Daco Bello provides dried fruits (dried fruits, mixed seeds, and fruit baskets) and culinary aids (nuts and candied fruits). By developing innovative snacking ranges, supported by attractive packaging and qualitative sourcing, this Ile-de-France family SME has gradually distinguished itself from its competitors to become a brand with strong notoriety and recognized for the quality of its products.Daco Bello was established in 1974 and is based in Antony, France.

Sell -