Eurazeo PME-backed Smile buys Virtua

It is Smile's first bolt-on acquisition since Eurazeo acquired the company, via its PME mid-cap arm, in a secondary buyout from Keensight Capital for an enterprise value of around €100m in April 2017.

The transaction aims to create the leading company in the region within three years by leveraging synergies between the two groups to provide more comprehensive support at all stages of digital transformation.

At the time of Eurazeo's acquisition, Smile generated turnover of €75m and aims to reach €100m for 2018.

The new group in Switzerland will be headed by Christophe Pellier, currently a Smile director in Switzerland, supported by the Virtua management team.

Company
Virtua was founded in 1998 and is headquartered in Romandy, Switzerland. It offers digital strategy and consulting services as well as hosting and security advice. It employs 60 people.

People
Smile – Christophe Pellier (director).
Virtua – Yannick Burky (founder).

Advisers
Equity – Fiduciaire Muller Christe & Associés, Daniele Raffaele, Raphaël Vonlanthen (financial due diligence); Jacquemoud Stanislas, Philippe Jacquemoud, Alexandre Estier, Luana Maréchal (legal).
Vendor – JPh Hottinguer CF, Alec Vautravers (corporate finance); Baker & McKenzie, Martin Anderson, Antonio Calvo (legal).

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• Topics
• Portfolio management
• DACH
• Support services
• Switzerland
• Build-up
• Eurazeo