Paris (France), 19 June 2017 : Apax Partners and Altamir announced to have completed the first stage of the transfer of the balance of their participation in Gfi Informatique, a leading european player, computer services and value-added software, Mannai Corporation.
Download the free guide
Boost your gains
According to the press release sent on 10 may, Apax Partners and Altamir, who hold approximately 18.5% of the share capital and voting rights of Gfi Informatique, performed the first assignment of approximately 12% of the share capital and voting rights. The balance, approximately 6.5% of the share capital and voting rights, will be transferred in June 2018.
Gfi Informatique occupies a strategic position in its differentiated approach to global firms and niche players. With its low-profile multi-specialist, the Group offers to its clients a unique combination of proximity, sector organisation and quality industrial solutions. The Group has close to 14 000 employees.
The turnover of the corporation increased from 633 M in 2006 to 1 015 Million euros in 2016, thus crossing the bar of one billion euros. The company has based its growth strategy on three specific themes : the transformation of its business model, internationalization and operations of external growth.
Transformation of the business model
Gfi Informatique has successfully managed the evolution of its model by industrialising its processes and its know-how in particular via the development of international services centre for both the massification of skills and the increase of the operational efficiency to the customers of the Group.
Gfi Informatique has refocused its international operations, strengthened its presence in Southern Europe and is open to the markets of the eastern Europe. Today, international accounts for 25% of sales pro forma of the Group.
Operations of external growth
Gfi Informatique has successfully completed the acquisition and integration of 20 companies since 2006, in order to enrich its offer of services and expand abroad. The acquisitions of Roff and Efron in 2016, allowed Gfi Informatique to double the size of its operations in the iberian peninsula.
Vincent Rouaix, CEO of Gfi Informatique, said : “The teams of Apax Partners were from the start completely in line with our growth strategy. Their knowledge of the market especially in the ESN has enabled us to achieve the transformation of our business model, our repositioning geographic, and invest in external growth transactions, relevant and relutives for the Group “.
Gilles Rigal, Partner Director at Apax Partners, added : “We are proud to have accompanied the strong growth and the successful transformation of Gfi Informatique, and have built strong relationships with CEO’s and teams of great quality “.
About Gfi Informatique
A leading european player, computer services and value-added software, Gfi Informatique occupies a strategic position in its differentiated approach to global firms and niche players. With its low-profile multi-specialist, the Group offers to its clients a unique combination of proximity, sector organisation and quality industrial solutions. The Group, which has around 14 000 employees conducted by 2016 a turnover of 1 015 Million euros.
Gfi Informatique is listed on Euronext Paris (Compartment B) – ISIN Code : FR0004038099.
About Apax Partners
Apax Partners is a leading private equity firm in French-speaking countries in Europe. With over 45 years of experience, Apax Partners supports businesses on the time to make them leaders in their sector. The funds managed and advised by Apax Partners total more than 3 billion. Its funds invest in SMES or intermediate-sized companies with strong growth, in four areas of specialization. Companies currently accompanied are :
TMT : Altran, Gfi Informatique, InfoVista, Melita, Nowo-ONI and Vocalcom
Consumer : Europe Snacks, Groupe AFFLELOU, Group Royer, Sandaya, and THOM Europe (Histoire d’or, Marc Orian, Treasure, Stroili and Oro Vivo)
Health : Amplitude Surgical
Services : Group INSEEC, Marlink and SK FireSafety
About of the board of Altamir
Altamir (Euronext Paris-B, LTA) is a listed company of private equity assets under management amounted to nearly 800 million. The company invests in, through and with the funds managed or advised by Apax Partners France and Apax Partners LLP, two leading private equity in their respective markets. It thus gives access to a diversified portfolio of companies with strong growth potential in the sectors of specialization of Apax (TMT, Retail & Consumer Goods, Health Services, Business Services & Financial Services) and in supplemental markets (SMES in French-speaking Europe and large businesses in Europe, North America and in key emerging countries).
Download the free guide
Boost your gains