Ardian buys stake in Nova Reperta

Ardian said in a statement that it intends to support the company's organic growth, as well as leveraging its network to pursue a buy-and-build strategy.

The GP is currently deploying equity via its second growth fund, Ardian Growth II, which held a final close in April 2018 on EUR 230m. The fund deploys equity tickets of EUR 5m-25m, making growth and buyout investments in digital businesses in the technology, media and telecommunication sectors. The fund generally backs companies with revenues of EUR 5m-100m.

The fund expected to make 17 investments, according to Unquote Data, and Nova Reperta is the fund's 17th platform deal.

Prior to investing in Nova Reperta, the fund's latest deal was Spain-based digital identity software Logalty, in which the GP took a minority stake in April 2021.

Company
Founded in 2011, Nova Reperta is a management consultancy that advises corporates on transformation programmes, specialising in operating models and value creation plans. Its clients include Le Pain Quotidien and Toyota Europe. The company employs 50 staff and is headquartered in Brussels, with additional operations in Amsterdam.

People
Ardian – Florian Dupont (senior investment manager); Romain Chiudini (managing director).
Nova Reperta – François Barbellion, François Delfosse, Filip Leflot, Carl Annicq, Nick Dieltiens, Eljakim Caus (partners).

Advisers
Equity – Crowe, Thomas Corbineau, Julien Latrubesse (corporate finance); Winston, Nicola Di Giovani, Sidney Rosenberg, Camille Clauss (legal).
Vendor – VD&P, Laurent Linkens (M&A); Baker McKenzie, Luc Meeus (legal).
Debt – KBC, Guy Wyn, Bart Martens (corporate finance).

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• Topics
• Expansion
• Benelux
• Industrials
• Belgium
• Ardian (formerly Axa PE)