Omnes reaps 5x in Nomios exit to Waterland's Infradata

Alice Tchernookova
18 November 2016

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Omnes Capital and Odyssee Ventures have sold their stakes in French IT security group Nomios to Infradata, a company owned by Waterland Private Equity.

Founding director Sebastien Kher and the company's management remain invested in the group.

With Omnes and Odyssee's backing, which both backed the group in 2013, the company doubled in size and focused on enlarging its customer base. In 2015, the company generated sales of €31m, compared to a reported €15.4m in 2012. It has 71 employees, 75% of whom are engineers, and 300 active clients in the banking, insurance, services, internet, manufacturing, media and public sectors, among others.

According to Omnes, the disposal will enable it to reap a 5x return. The deal will be finalised in a few weeks, and follows the recent divestment of Simp, through which the GP reaped a 4.7x return in a trade sale to Baring Private Equity Asia-owned HCP Packaging.

After the sale, the LCL Expansion and Omnes Expansion investment vehicles will have achieved a DPI of 1.1x, Omnes said in a statement. Each vehicle will still have another nine investments in their respective portfolios.

Previous funding
In 2013, Omnes and Odyssee supported the management buyout of Nomios, investing alongside founding director Sebastien Kher and key company executives.

In 2015, Waterland supported the management buyout of Infradata. The company's founder and CEO previously owned an 85% stake in the group, with the balance belonging to another shareholder. As part of the deal, the founder and minority shareholder reinvested in the group, reducing their respective stakes in the group to 32.5% and 7.5%. Waterland acquired 54.4%, while company management took the remaining 5.6%.

Company
Created in 2004 and based in Boulogne-Billancourt, Nomios is a specialist integrator in the fields of IT security and the optimisation of company network performance. The company offers a full range of services combining integration and maintenance of IT security systems and audit and consultancy services. The group currently generates revenues in excess of €31m and employs 71 people. It has offices in Nice, Lyon, Toulouse and Lille.

Infradata is a network and security integrator with operations in the Netherlands, Belgium and Poland, servicing clients throughout Europe. It provides network infrastructure (routing and switching), network security (firewalling and anti-DDoS) and network services (Radius and IP address management). Clients include telecoms, network infrastructure, payment services and online gaming providers. The group is headquartered in the south of the Netherlands.

People
Omnes Capital – Laurent Espic (partner); Antoine Joris (associate).
Odyssee Ventures – Sebastien Sassolas (managing director); Julien Andrieux (investment director).

Advisers
Vendors – Rothschild Transaction R, Anthony Benichou (corporate finance); DTMV & Associés, Arnaud Vanbremeersch, Jean-Baptiste Barsi (legal); Lennox Avocats, Anne-Sophie Riaud (legal).