Towerbrook-backed Infopro buys Docu Group
Towerbrook Capital portfolio company Infopro Digital Group has acquired Munich-based construction business database Docu Group.
The combined group will employ 3,200 people and projected that its turnover will reach €440m on completion.
Infopro has strengthened its data offering outside of France with the transaction and will now generate 35% of sales outside of France – up from 14% – and employs 1,300 people outside of France.
The transaction will be financed using new debt, cash from the balance sheet and an additional equity contribution from Towerbrook and other shareholders.
Towerbrook acquired Infopro from Apax Partners and Altamir for an enterprise value of approximately €700m in February 2016. It was the second time Towerbrook had backed Infopro as it originally acquired the business in 2001 and sold it to Apax and Altamir in 2007.
The business has made a number of bolt-on acquisitions since Towerbrook's second buyout. Most notably it acquired the Insight division of UK-based Incisive Media in March 2017 and recently bought B2B lead generator Companeo from Carlyle, which had acquired the business through Carlyle European Technology Partners II.
Global M&A advisory firm Arma Partners acted as exclusive financial adviser to Docu Group.
Company
Founded in 2001, Docu Group is a Munich-based data provider for the construction, architecture and real estate industries in the DACH region. Its main activities are project information on private and public real estate projects, and product information on construction materials and machinery. The company employs 500 people and generates a turnover of €67m, according to a statement.
People
Infopro Digital Group – Christophe Czajka (executive chairman); Julien Elmaleh (CEO).
Advisers
Company – Arma Partners (M&A).
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