M&A Deal Summary

Isagri SAS Acquires AKANEA Développement

On September 26, 2018, Isagri SAS acquired software company AKANEA Développement from Argos Wityu and Initiative & Finance

Acquisition Highlights
  • This is Isagri SAS’s 1st transaction in the Software sector.
  • This is Isagri SAS’s 1st transaction in France.

M&A Deal Summary

Date 2018-09-26
Target AKANEA Développement
Sector Software
Buyer(s) Isagri SAS
Sellers(s) Argos Wityu
Initiative & Finance
Deal Type Divestiture

Target

AKANEA Développement

Limonest, France
ATL, which will be known as Akanea Développement is a french management software publisher for the supply chain and agriculture sectors.

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Buyer(S) 1

Buyer

Isagri SAS

Tille, France

Category Company
Founded 1983
Sector Software
DESCRIPTION

Isagri SAS is provider of farm management software for crop production, breeding, and viticulture. Isagri is based in Tille, France.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: France M&A 1 of 1
Year: 2018 M&A 1 of 1

Seller(S) 2

SELLER

Argos Wityu

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 1.8B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Argos Soditic is a private equity firm that seeks majority or minority investments in small to medium sized companies headquartered throughout Europe. Argos Soditic will consider investments in public or private companies generating revenue of €20 to €600 million. The Firm's target investment size is €10 to €100 million. Funds are typically used to support management buyouts/buy-ins, divestitures, and growth capital needs. Argos Soditic is a generalist investor with interest in aerospace, manufacturing, distribution, business services, chemicals, marketing, industrial products, packaging, staffing, medical products, and healthcare services. Argos Soditic was formed in 1989 and is headquartered in Paris.


DEAL STATS #
Overall 30 of 41
Sector: Software M&A 2 of 5
Type: Divestiture M&A Deals 1 of 1
Country: France M&A 18 of 26
Year: 2018 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-28 aktivoptik Service AG

Bad Kreuznach, Germany

aktivoptik Service AG is an own and operator of optician and hearing care chains in Germany with 76 stores, around 560 employees and an annual turnover of around 50 million Euros (as of 2017). The company’s product range includes ophthalmic frames, sunglasses, contact lenses and, since 2007, hearing aids; trained hearing care professionals are available at over 30 locations. In addition, aktivoptik sells accessories and care products for good vision and hearing. In the field of optics, the product range includes private labels as well as spectacle frames from renowned designers and brand manufacturers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-29 Wibit

Bocholt, Germany

Wibit is a producer of floating waterparks made from inflatable PVC modules, which are used in open waters off the coast and lakes as well as outdoor and indoor pools as a leisure attraction in over 90 countries. Wibit was founded in 1996 and is based in Bocholt, Germany.

Buy -
DESCRIPTION

Initiative & Finance is a private equity firm that targets small and mid-sized companies in France, Belgium, and Switzerland across all sectors. The Firm considers all types of buyouts and growth projects as a majority or minority shareholder. The Firm's investment horizon is 4 to 7 years. Initiative & Finance looks to invest between €2 and €50 million in businesses with revenue of €5 to €200 million. Initiative & Finance was established in 1984 and is headquartered in Paris, France.


DEAL STATS #
Overall 1 of 7
Sector: Software M&A 1 of 2
Type: Divestiture M&A Deals 1 of 1
Country: France M&A 1 of 7
Year: 2018 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-08 Teddington France

Villeneuve la Garenne, France

Teddington France is a specialist in climate engineering, offers its professional customers a high-quality service and products. Teddington main departments are: Air Curtain and Fan Heater Department , Industrial and Commercial Refrigeration Department , Refrigeration Tool Department, Humidifier Department , Air Dehumidifier Department. Teddington France was founded in 1934 and is based in Villeneuve la Garenne, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-25 Inomed Technology

Courtelary, Switzerland

Inomed Technology specializes in the design and manufacture of made-to-measure sterilization trays. The company has become one of the European market leaders in instrument sterilization trays for orthopedics, traumatology and spinal surgery. Inomed Technology was founded in 2006 and is based in Courtelary, Switzerland.

Buy -