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  5. Meanings Capital Partners, Amundi Private Equity and Africinvest Acquire Jems Group

M&A Deal Summary

Meanings Capital Partners, Amundi Private Equity and Africinvest Acquire Jems Group

On June 20, 2023, private equity firm Meanings Capital Partners, private equity firm Amundi Private Equity and growth capital firm Africinvest acquired information technology company Jems Group from Pechel

Acquisition Highlights
  • This is Meanings Capital Partners’ 3rd, Amundi Private Equity’s 2nd and Africinvest’s 2nd transaction in the Information Technology sector.
  • This is Meanings Capital Partners’ 10th, Amundi Private Equity’s 14th and Africinvest’s 17th transaction in France.

M&A Deal Summary
Date 2023-06-20
Target Jems Group
Sector Information Technology
Buyer(s) Meanings Capital Partners
Amundi Private Equity
Africinvest
Sellers(s) Pechel
Deal Type Secondary Buyout

Target

Jems Group

Neuilly, France
Jems Group is a provider in Big Data and pioneer of data-oriented digital transformation. JEMS intervenes in all activity sectors, from mid-cap companies to CAC 40, particularly in the fields of health, automotive, agriculture, retail, finance, Facility Management, and industry. Jems Group was established in 2002 and is based in Neuilly, France.

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Buyer(S) 3

Buyer

Meanings Capital Partners

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

Meanings Capital Partners is the direct investment arm of asset manager, the Meeschaert Group. Meanings Capital Partners looks to partner with and invest in small to mid-sized French companies in a variety of sectors. Meanings Capital Partners is based in Paris.

DEAL STATS #
Overall 10 of 10
Sector: Information Technology M&A 3 of 3
Type: Secondary Buyout M&A Deals 4 of 4
Country: France M&A 10 of 10
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-13 Synolia

Lyon, France

Synolia is an independent player in the implementation of tailor-made e-commerce, CRM and Business Intelligence platforms. It offers its BtoC and BtoB solutions to large accounts and SMEs for whom the digitalisation of their customer relations is strategic. Synolia was 2004 and is based in Lyon, France.

Buy -
Buyer

Amundi Private Equity

Investor Investor

Category Private Equity Firm
PE ASSETS 1.0B EUR
Size Large
Type Sector Agnostic
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 14 of 17
Sector: Information Technology M&A 2 of 3
Type: Secondary Buyout M&A Deals 8 of 9
Country: France M&A 14 of 15
Year: 2023 M&A 2 of 3
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-30 CBA

Avignon, France

CBA is a provider of billing and patient management software for private sector nurses in France with more than 28,000 subscribers. CBA's software is essential to the daily activities of private sector nurses and covers both medical functions (e.g. patient management, remote transmission of patient records to social security) as well as administrative functions (e.g. scheduling, accounting, health insurance payment collection). CBA was founded in 1986 and is based in Avignon. France.

Buy -
Buyer

Africinvest

Tunis, Tunisia

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1994
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Africinvest is a private equity firm focused on growth investments in African companies. The Firm generally targets minority investments in small to medium-sized companies, but Africinvest will consider select majority situations. Africinvest does not have any sector preferences and looks to hold for 4 to 6 years. Africinvest was formed in 1994 and is headquartered in Tunis, Tunisia.

DEAL STATS #
Overall 55 of 57
Sector: Information Technology M&A 2 of 2
Type: Secondary Buyout M&A Deals 5 of 6
Country: France M&A 17 of 17
Year: 2023 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-23 Justrite

Sango Ota, Nigeria

Justrite is a Nigerian retail department store. The Company provides everyday essentials, such as groceries, confectionaries, and clothing to consumers in largely underserved neighborhoods. Justrite was founded in 2000 and is based in Sango Ota, Nigeria.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-16 Ison Xperiences

Nairobi, Kenya

iSON Xperiences provides a flexible enablement platform for businesses that need help scaling up their workforce, daily business operations, or debt collection solutions, or that want to expand their footprint in Africa. The company's expertise spans telecoms, BFSi, energy, media, government, retail, aviation, and e-commerce, partnering with brands and startups. Ison Xperiences was founded in 2011 and is based in Nairobi, Kenya.

Sell -

Seller(S) 1

SELLER

Pechel

Paris, France
Category Private Equity Firm
Founded 2004
PE ASSETS 550M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Pechel is a private equity firm focused on investing in medium-sized, privately owned businesses. Pechel looks for opportunities in a variety of industrial and service-based industries valued between €30 and €200 million. Target transaction situations include growth capital financings, buyouts, and divestitures. The Firm prefers businesses operating in France and Western Europe. Pechel was founded in 2004 and is based in Paris.

DEAL STATS #
Overall 17 of 19
Sector: Information Technology M&A 1 of 1
Type: Secondary Buyout M&A Deals 8 of 10
Country: France M&A 16 of 18
Year: 2023 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-18 Masci Group

Richemont, France

Masci Group is a provider in the application of protective coatings and linings, as well as in the treatment of lead, asbestos and heavy metals. Masci operates on high-value critical assets and equipment to protect them, extend their lifetime and, if necessary, dismantle them. Masci Group was established in 1980 and is based in Richemont, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-14 Grand Large Yachting

Tourlaville, France

Grand Large Yachting is a manufacturer of high-end pleasure yachts for long-distance cruising. With the Allures and Garcia brands, it develops, produces and markets a range of monohull sailboats, while the Outremer and Gunboat brands are specialized in multihulls. Grand Large Yachting was established in 2003 and is based in Tourlaville, France.

Sell -
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