CM-CIC invests €9.5m in Index Education

The owner buyout sees management retaining a majority stake in the company.

Senior debt for the transaction was provided by CIC and CIC Lyonnaise de Banque. The amount of debt provided is around €6m, according to French publication Capital Finance.   

The backing of CM-CIC will support the company in its expansion in France and other European markets.

Company
Founded in 1992 and headquartered in Marseille, Index Education is a publisher of educational software for school principals, teachers, administrative staff, parents and students. It develops three softwares: EDT, Pronote and Hyperplanning.  Having generated a turnover of €17m in 2017, the company employs 100 staff.

People
CM-CIC Investissement – Laurent Vasselin (investment director); Clara Zimbris (chargé d'affaires); Bertrand Ghez (executive director).  
Index Education – Olivier Calderon (founder).

Advisers
Equity – Advance Capital, Olivier Mortier, Lucas Reynier (M&A); CMI, Nicolas Kandel, Romain Girard (commercial due diligence); SBKG & Associés, Damien Billet (tax); Duteil Avocats, David Merlet (legal).

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• Topics
• Buyouts
• France
• Technology
• France
• Credit Mutuel Equity (ex CM-CIC Investissement)