Keensight invests €50m in cloud services provider LinkByNet

Alice Tchernookova
22 July 2016

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Keensight Capital has invested €50m in cloud services provider LinkByNet, acquiring a minority stake in the company.

The two founding CEOs, Patrick and Stephane Aisenberg, held 93% of the company's capital prior to the transaction, while the remaining 7% belonged to company staff.

As a result of the transaction, the Aisenberg brothers are reducing their stake in the company, allowing Keensight to acquire a minority stake.

It is the first time that LinkByNet welcomes an external investor.

The GP stated it would support LinkByNet's management in implementing its acquisitive growth strategy as well as its international development.

Company
Founded in 2000 in Saint-Denis, near Paris, by brothers Patrick and Stéphane Aisenberg, LinkByNet specialises in the outsourcing of cloud services and information systems. Since 2013, it has also been branding itself as a cloud service broker to better assist companies in their migration to the cloud.

The group provides services for various SMEs and international companies. LinkByNet has eight offices, five of which are located abroad in Hong-Kong, Vietnam, Singapour, Canada, and Mauritius. It employs 600 people worldwide and achieved a turnover of €44m in 2015, up from €40m in 2014.

People
Keensight Capital – Philippe Crochet (partner).

Advisers
Equity – Transaction R, Virginie Lazès (corporate finance); OC&C Strategy Consultants, Jean-Michel Cagin, Youssef Benkirane (commercial due diligence); Paul Hastings, Olivier Deren, Charlotte Dupont, Allard de Waal, Thomas Pulcini (legal) ; EY, Stéphane Seguin, Nicolas Martot (financial due diligence).
Vendor – DC Advisory, Eric Hamou, François Prioux, Grégoire Philippe, Bertrand Ciron (corporate finance); Bersay & Associés, Jérôme Bersay, Anya Hristova (legal); Deloitte, Albert Aïdan (financial due diligence).