RSD SA (Switzerland) - Dec 2007

unquote
01 December 2007

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Invision Private Equity AG and Vinci Capital SA in consortium have acquired 90% of software company RSD SA, as part of a succession plan. Both investors hold equal shares. The founder and CEO of the company, Louis-Pierre Roger, remains a stakeholder. The deal was sourced through an M&A adviser linked to Vinci Capital. The investor cited a good relationship with the vendor as the decisive factor for winning the deal.

The investors seek to further internationalize the business, invest in research and development and drive growth across sectors. The company was especially attractive due to its 30-year successful history and client portfolio. The growing market and the strong positioning in the interesting niche of archiving was cited as attracting the investors. In the short term, the investors are seeking to improve strategy and sales volume and develop the company’s potential.

Debt

The senior-debt only financing was arranged by Luzerner Personalbank.

Company

RSD SA is a supplier of archiving and enterprise content management software. In addition to its headquarters in Geneva, the company has subsidiaries in New York and London. Clients include Fortune 500 companies. The company is described as a leader in Gartner’s Magic Quadrant for Integrated Document Archive and Retrieval Systems. Its main markets are Europe as well as the US and South America. RSD employs 130 people and reported a turnover of CHF 20m in 2007.

People

Frank Becker acted on behalf of Invision Private Equity and Olivier Tavel represented Vinci Capital.

Sourced from: Deutsche unquote" 95 (Feb 2008)