AXA PE’s Arkadin acquires Novasight
Arkadin, a global collaboration services provider backed by AXA Private Equity, has acquired Novasight.
Arkadin is expected to achieve a turnover of €185m in 2012, and aims to double the turnover of its video business in 2013.
AXA Private Equity bought a 45% stake in Arkadin in July 2012. The GP has been the main shareholder in Arkadin since August 2012.
Company
Founded in 2001 and based in Paris, Novasight specialises in video conferencing services.
People
Francois Jerphagnon represented AXA Private Equity. Olivier de Puymorin is founder and CEO of Arkadin. Philippe Decaesteke is the founder and CEO of Novasight.
Advisers
Acquirer (Arkadin) - Gatienne Brault, Caroline Simic, Maxime Brotz (Legal); Deloitte, Cyril Stivala, Thomas Fischer (Tax, Financial due diligence)
Company (Novasight) - Fidal, William Morel (Legal)
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