EdRip invests in Studia

EdRip did not disclose the value of its investment, made alongside the company's three founding associates, but sources cited by unquote" sister publication Mergermarket suggest the group has taken a 40% holding.

The GP drew equity from its small-cap fund Cabestan Capital II, closed on its €165m hard-cap last year. Cabestan II invests for both minority and majority stakes in companies with a turnover between €10-100m, committing equity tickets ranging from €4-10m in initial investment rounds, and of up to €16m in subsequent rounds.

It is the fourth transaction completed with the vehicle, after investments in software company Otium and Belgium-based electrical components producer Advanced Circuit Boards last year, and the acquisition of a majority stake in French auto parts provider Klaxcar last month. 

The deal also enables the exit of Finadvance, which invested in Studia in 2014.

With EdRip's support, Studia will aim to broaden its services range and start servicing new sectors, focusing on businesses looking to implement a digital transformation, and specialising in mobile or social media content and data analysis.

A few bolt-on acquisitions should be completed in the coming years, the GP said. In 2015, Studia acquired Fractal Système.

Previous funding
In 2014, Finadvance acquired an undisclosed stake in Studia. At the time, the GP, which was still a BPI France subsidiary, invested through the Finadvance Capital III FCPR. Finadvance merged with A Plus Finance in 2016.

Company
Created in 2011, Studia provides enterprise content management services for the energy, aeronautics and transport sectors. The business divides its activity into three main categories: service provision, consulting, and facility management. Its main clients include EDF, Total, Safran and Airbus.

Based in Meyreuil, near Aix-en-Provence, Studia employs 325 people across 11 sites in France and had a turnover of €26m in 2016.

People
Edmond de Rothschild Investment Partners – David Robin (managing partner).

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