M&A Deal Summary

Crédit Agricole Brie Picardie Acquires ADX

On January 16, 2023, Crédit Agricole Brie Picardie acquired information services company ADX from Andera Partners

Acquisition Highlights
  • This is Crédit Agricole Brie Picardie’s 1st transaction in the Information Services sector.
  • This is Crédit Agricole Brie Picardie’s 1st transaction in France.

M&A Deal Summary

Date 2023-01-16
Target ADX
Sector Information Services
Buyer(s) Crédit Agricole Brie Picardie
Sellers(s) Andera Partners
Deal Type Add-on Acquisition

Target

ADX

Chateau Gontier, France
ADX specializes in real-estate diagnostics, conducting technical, regulatory and environmental assessments before property sales or rentals. The company also digitizes existing buildings by capturing data and producing BIM models for improved asset management. ADX was founded in 2002 and is based in Chateau Gontier, France.

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Buyer(S) 1

Buyer

Crédit Agricole Brie Picardie

Amiens, France

Category Company
Founded 2007
Sector Financial Services
Employees2,505
Revenue 640M EUR (2024)
DESCRIPTION

Crédit Agricole Brie Picardie is a provider of banking products and services to individuals, professionals, associations, and farmers. Crédit Agricole Brie Picardie was founded in 2007 and is based in Amiens, France.


DEAL STATS #
Overall 1 of 1
Sector: Information Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: France M&A 1 of 1
Year: 2023 M&A 1 of 1

Seller(S) 1

SELLER

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 34 of 51
Sector: Information Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 11 of 20
Country: France M&A 26 of 40
Year: 2023 M&A 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-09 Offibat

Crosne, France

Offibat provides maintenance of electrical installations in social housing. Offibat offers a wide range of services for the residential sector in Paris area through 4 subsidiaries : Cide-Elec (electricity and home refurbishment), TSO Reali (locksmithing and metal structure), RSCP (heating, ventilation, and air conditioning) and COPCIE (roof covering, plumbing, watertightness). Offibat is based in Crosne, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-09 Mineralys

Radnor, Pennsylvania, United States

Mineralys is a clinical-stage biopharmaceutical company focused on developing medicines to target diseases driven by abnormally elevated aldosterone. Its initial product candidate, lorundrostat, is a proprietary, orally administered, highly selective aldosterone synthase inhibitor that the company is initially developing for the treatment of patients with uncontrolled hypertension. Mineralys was founded in 2019 and is based in Radnor, Pennsylvania.

Sell -