CM-CIC Investissement, BNP Paribas back Taranis

CM-CIC Investissement backed Taranis with €3.3m, buying shares from Azulis Capital, which invested in the company in 2007, according to French daily Capital Finance.

BNP Paribas, an investor in the company since 2007, injected an additional €1.9m.

Taranis plans to increasingly focus on virtual telephone technology, notably by using cloud services, and to expand internationally.

Debt
Debt for this transaction was provided by CIC Lyonnaise and BNP Paribas.

Company
Taranis was founded in 1984 and is a B2B distributor specialising in telephone products. The company projects a turnover of around €80m in 2017.

People
CM-CIC Investissement – Laurent Sallet (director); Clara Zimbris (chargé d'affaires); Bertrand Ghez (executive director).
BNP Paribas Développement – Patrice Vandenbossche (investment director); Emilie Gondal (investment manager).

Advisers
Equity – Aequifi, Nicolas Pesson, Manon Scotto, Audrey Porte (financial due diligence); CMS – Bureau Francis Lefebvre, Gilles Courmet (tax); Fromont Briens & Associés, Philippe Clément, Mathieu Hugueville (social due diligence); Duteil Avocats, Edouard Eliard (legal).
Company – Facchin Avocats, Cyril Facchin (legal).
Vendor – Financière Monceau, Marc Irisson (corporate finance).

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• Topics
• Buyouts
• Exits
• France
• Industrials
• France
• Credit Mutuel Equity (ex CM-CIC Investissement)
• BNP Paribas