Apax Partners launches sale of network performance group Infovista

Francesca Veronesi , Gustav Hoejmark-Jensen , Kezia Joseph , Charlie Taylor-Kroll and Arezki Yaiche
05 July 2022

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Infovista sponsor Apax Partners has launched a sale of the French network performance solutions group with Jefferies and Societe Generale advising the process, sources familiar with the situation said.

Non-binding offers (NBOs) for the performance monitoring and network planning software provider are scheduled for before the summer break, according to one of the sources.

The business is marketed off EUR 60m EBITDA, three sources said.

The lender education has already been held, three sources said. Both banks and funds were invited to it, two of them added. "Banks are struggling to underwrite at the moment so for Infovista, a new unitranche debt package might be the easiest solution," according to one of the sources.

The company's unique product offering means that there are no direct comparables for the business, according to one of the sources.

Founded in 1996, Infovista manages the performance of modern networks and the applications that run on them. Some of the services it provides include managing service legacy networks and optimizing 5G deployments. It employs around 900 people and is headquartered in Massy, according to its website.

Apax Partners acquired Infovista from Thoma Bravo for an undisclosed amount in 2016 with Lazard advising the seller, as reported. In 2021, Thoma Bravo regained a minority stake in the company after Infovista acquired Massachusetts-based Empirix, a contact centre tech company backed by the sponsor.

Last September, Ipanematech SAS (Ipanema), the SD-WAN division of Infovista, was acquired by US networking company Extreme Networks for a cash valuation of around EUR 60m.

Representatives for Apax Partners, Infovista and Jefferies declined to comment. Soc Gen did not return a request for comment.