• Home
  •  
    Regions
    • Europe
    • UK & Ireland
    • DACH
    • Nordic
    • France
    • Southern Europe
    • Benelux
    • CEE
    • Asia
  •  
    Deals
    • Buyouts
    • Venture
    • Exits
    • Refinancings
    • Build-up
    • Turnaround
    • Secondaries
    • Advanced deals search
  •  
    Funds
    • Buyout
    • Venture
    • Mezzanine
    • Debt
    • Funds-of-funds
    • Secondaries
    • Fundraising pipelines
    • Advanced funds search
  •  
    GPs & LPs
    • GP profiles
    • LP profiles
    • GP news
    • LP news
    • Sponsors search
    • LPs search
  •  
    Secondaries
    • Deals
    • Funds
    • News
    • Analysis
  •  
    People
    • People moves
    • Analysis
    • In Profile
    • Q&A
    • Videos
    • Comment
  •  
    Analysis
    • In Profile
    • Fundraising
    • Q&A
    • Comment
    • Videos
    • Podcast
    • Reports
    • Data Snapshots
  •  
    Unquote Data
    • Deals search
    • Exits search
    • Funds search
    • Sponsors search
    • Advisers search
    • LPs search
    • League tables
    • Reports
  • Sign in
  • Sign in
    • You are currently accessing unquote.com via your Enterprise account.

      If you already have an account please use the link below to sign in.

      If you have any problems with your access or would like to request an individual access account please contact our customer service team.

      Phone: +44 (0)203 741 1137

      Email: Georgina.Lawson@acuris.com

      • Sign in
     
      • Newsletters
      • Account details
      • Contact support
      • Sign out
     
  • Follow us
    • Twitter
    • LinkedIn
  • Free Trial
  • Subscribe
Unquote
Unquote
  • Home
  • Regions
  • Deals
  • Funds
  • GPs & LPs
  • Secondaries
  • People
  • Analysis
  • Unquote Data
  • You are currently accessing unquote.com via your Enterprise account.

    If you already have an account please use the link below to sign in.

    If you have any problems with your access or would like to request an individual access account please contact our customer service team.

    Phone: +44 (0)203 741 1137

    Email: Georgina.Lawson@acuris.com

    • Sign in
 
    • Newsletters
    • Account details
    • Contact support
    • Sign out
 
Unquote
  • Expansion

Ardian invests in JeChange.fr

  • Alice Tchernookova
  • Alice Tchernookova
  • @alicetcherno
  • 25 July 2016
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  

Ardian, via its Ardian Growth fund, has taken a minority stake in French price comparison service JeChange.fr.

The transaction, in which Ardian is the sole investor, opens the way for a restructuring of the company's capital, with previous minority shareholders disposing of their shares.

Go Capital Ventures, as well as some business angels, have fully exited, while I-Source realised a partial, minor exit.

JeChange.fr

  • DEAL:

    Replacement capital

  • LOCATION:

    Agen

  • SECTOR:

    Specialised consumer services

  • FOUNDED:

    2006

  • TURNOVER:

    €10m

  • STAFF:

    110

  • VENDOR:

    Go Capital, I-Source

The investment was made via the Ardian Croissance Fund, closed on €70m in 2014. It also marks the fourth investment made by the Ardian Growth team since the beginning of the year, the previous ones being the TimeOne merger, and the expansion deals for Bricoprivé and HR Path.

In 2009, the acquisition of DSL Valley by JeChange.fr signalled a change of focus for the company's business model, enabling it to become an intermediary through which users could change all their utility contracts in one place.

With Ardian's backing, the group will aim to expand abroad, in Spain, Belgium and Italy in particular. The company will look to strengthen relationships with local partners and suppliers.

Already present in the energy and telecoms sector, JeChange.fr is hoping to also establish itself in the field of insurance broking.

Debt
No debt was provided in the deal.

Previous funding
In 2008, I-Source and Go Capital (via Ouest Venture) co-invested €3m in JeChange.fr, according to unquote" data. I-Source led the investment by providing around €1.8m of the capital via its fund I-Source 3 while Go Capital provided the remaining €1.2m.

Company
Founded in 2006 by Gaël Duval, JeChange.fr is an independent comparison service aiming to help private individuals and businesses reduce their bills. The company covers the energy (gas and electricity), telecoms (internet and mobile) and insurance markets. In addition, the website offers online banking and lending services.

Based in Agen, the company achieved a turnover close to €10m in 2015 and has 110 employees.

People
Ardian – Laurent Foata (managing director); Frédéric Quéru (senior investment manager).

Advisers
Equity – Olswang, Christophe Gaschin, Patrick Gerard-Boucher, Laura Hominal (legal); Advance Capital, Olivier Poncin, Thibault Fleury (corporate finance).
Company – Mansartis, Jean-Pascal Clédat, Thierry Rohr, Bastien Rey (corporate finance); Orrick, Saam Golshani, Barbara Jouffa (legal).

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  
  • Topics
  • Expansion
  • France
  • Consumer
  • Exits
  • France
  • Ardian (formerly Axa PE)

More on Expansion

Wealth managers and financial advisers
Blackstone takes minority stake in Groupe Premium

Deal values French wealth manager at EUR 1.15bn after earlier full exit attempt saw Eurazeo target EUR 1.5bn

  • Expansion
  • 31 July 2023
Risk and compliance management services
e-Attestations aims to triple size with new Keensight backing

Keensight is investing in the risk management platform via its EUR 1bn fifth fund, which closed in 2019

  • Expansion
  • 25 July 2023
Bolt-ons and buy-and-build platforms
The Bolt-Ons Digest - 3 July 2023

Unquote’s selection of the latest add-ons with Palatine's Anthesis, Nordic Capital's Regnology, Waterland's Janssen and more

  • Expansion
  • 03 July 2023
Valentina Vitali of Limerston Capital
GP Profile: Limerston Capital anticipates higher volume but more complex M&A as market steadies

UK-based GP is seeing dealflow driven by carve-outs and buy-and-build in a market where organic multiple arbitrage is no longer a given

  • GPs
  • 07 June 2023

Latest News

Fund closes in US dollars
  • Funds
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme

Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote

  • 05 September 2023
Clinical trials and biotechnology
  • Buyouts
Permira to take Ergomed private for GBP 703m

Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO

  • 04 September 2023
Public sector software
  • Exits
Partners Group to release IMs for Civica sale in mid-September

Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017

  • 04 September 2023
EMEA Public to Private M&A
  • Investments
Change of mind: Sponsors take to de-listing their own assets

EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater

  • 04 September 2023
Back to Top
  • About Unquote
  • Advertise
  • Contacts
  • About Acuris
  • Terms of Use
  • Privacy Policy
  • Group Disclaimer
  • Twitter
  • LinkedIn

© Merger Market

© Mergermarket Limited, 10 Queen Street Place, London EC4R 1BE - Company registration number 03879547

Digital publisher of the year 2010 & 2013

Digital publisher of the year 2010 & 2013