Axio, Capitem and Swen Capital back Securinfor MBO

Axio Capital led the investment and became the majority shareholder. As part of the transaction, company chairperson Farid Allani exited the group and passed on the leadership to Michel Meunier, previously managing director at Securinfor. The balance of the company's share capital (around 10%) will go to Meunier.

It is the first time that Securinfor opens up to external investors. With Axio, Capitem and Swen Capital's support, the group will kick off an external growth strategy targeting businesses within the IT outsourcing and customer support sectors in particular.

Currently registering €18m in revenues and forecasting €22m for 2017, the group will aim to hit the €50m mark over the next three to four years, according to a company statement. It will besides look to recruit an extra 130 people within the next six months, hitting a 400-strong headcount.

Debt
A senior debt package co-provided by Banque Palatine and Banque Populaire Rives de Paris supported the transaction.

Company
Created in 1986 and based in Rungis, Securinfor provides management and maintenance of computer networks. Specifically, the company offers hardware, technical assistance, as well as the maintenance and handover of equipment and systems services for information technology networks. According to various online sources, the group posted €18m in revenues in 2015 and counts 270 employees.

Advisers
Equity - ACA-Nexia, Olivier Lelong (financial due diligence); Lamartine Conseil, Florence Savouré, Laura Smyrliadis (legal); Fieldfisher, Jean-Baptiste Van de Voorde (legal).

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