Naxicap and Eurocapital have sold Groupe JVS to its management team and to the private equity firms EPF and Bpifrance. After this operation managers now hold a 51% stake in the company. Financial details have not been disclosed.
Groupe JVS is a software publisher for the French public administration. The gorup provides software for all municipal functions: HR, accounting, civic life, childhood, public facilities, municipal elections, debt management, etc.
EPF is a French private equity firm. Bpifrance is a financial institution providing French companies with Innovation funding, bank financing and venture capital, investment and operational cycle financing alongside banking and financial institutions, equity investment, directly or through partner funds and export support. Bpifrance is running several investment funds dedicated to innovation support in eco-technologies, life sciences, ICT and other sectors.
Aelios Finance, M&A International Inc.’s member firm in France, advised the seller in this transaction.
We made absolutely the right choice in appointing Cavendish. Michael Jewell and the team were instrumental in getting us the deal we wanted. I would have no hesitation in recommending them to anyone thinking about a sales process.
Cavendish introduced us to GE and managed the negotiation and coordinated the transaction due diligence. Their involvement was instrumental to the deal being successful.
When looking for an advisor we decided we wanted someone who had specific experience in negotiating within the Private Equity space. It requires some additional skills to those needed in a trade sale and we were lucky to have found in Cavendish, a company that was able to help us.
This marks a significant opportunity for our partners, customers and people as we become part of the global Kyocera family and continue the journey we started back in 1988. When looking for an advisor we wanted someone with an international network and experience of working with buyers both here and overseas. Cavendish had the expertise to facilitate the transaction and the support they provided was invaluable.
The Cavendish team, led by Nick Jones, did an excellent job managing the process and ensuring the smooth closing of the transaction in a timely manner. They were always professional and aligned with our shareholder goals – many thanks to the whole team.
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