Siparex et al. acquire Apside

Siparex invested €30m from its €315m ETI 4 fund, which announced its final close this week.

Socadif led a syndicate comprising Idia Capital Investment, Northern Capital Investment, Unexo, GSO Capital and Sofipaca to invest a further €18m.

The fresh capital will be used to expand operations in Germany, where Apside recently established a base.

Founder Michel Klar will retain a minority stake and board seat after the transaction, but current deputy CEO Pierre Gauthier will take charge operationally.

Company
Apside was founded in 1976 and is headquartered in Paris. It provides technology consulting to corporate clients with a sector focus on aerospace, defence and auto makers. The company employs 2,400 people and generated a turnover of €155m in 2016. It has 16 regional branches in France, Switzerland, Benelux and Germany.

People
Siparex – Benedict Mait (investment manager); Augustin de Jerphanion (director); Antoine Fustier (senior account manager).
Socadif – François Hervey (director); Luis Batista (head of industry).
Apside Group – Michel Klar (founder); Pierre Gauthier (CEO).

Advisers
Equity – UBS, Arnaud Fauqueur, Renaud Tochon, Philippe Cornu-Thénard (corporate finance); Pinot de Villechenon, Gilles Roux, Tristan Segonds (legal).
Company – Lamartine Conseil, Olivier Renault, Maeva Suire, Charlotte Moreau (legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• France
• Technology
• France
• Siparex
• Socadif