BPI France et al. back Conecteo in MBO

BPI France backed the company for the first time. Previous investors Galia Gestion and Aquiti Gestion have reinvested in Conecteo. Finaqui, a previous investor, remains a shareholder but has not invested additional capital.

A spokesperson for Galia confirmed the new round of funding saw the management team maintain a majority of shares. 

Banque Populaire provided debt for the transaction.

Galia supports companies in the south-west of France with amounts ranging from €300,000-400,000 per operation. Its portfolio comprises around 50 companies.

Aquiti provides support and equity financing for startups and SMEs in the Aquitaine region and is committed to regional economic development efforts.

Previous funding
Galia, Aquiti and Finaqui backed the company in 2009.

Company
Founded in 2005 in Martillac, Conecteo has developed a customer interaction management product, Kiamo, which manages the exchanges between a company and its customers in order to measure and improve the quality of customer service. The company claims to have a 250-strong client base in the banking, insurance, property and public sectors. Conecteo aims to double its turnover by 2020.

People
BPI France – François Picarle (investment director).
Galia Gestion – Vincent Schifano (CEO).
Aquiti Gestion – Bernard Estienne (investment director); Camille Le Roux Larsabal (chargee d’affaires).
Finaqui – Benoît Jeanson (CEO). 
Conecteo – Jean-Luc Neveu (founder).

Advisers
Equity – Chammas & Marcheteau, Nicolas Lecocq, Anne Devèze, Jean-Baptiste Deprez (legal).
Company – Cabinet Romain, François Romain (legal).

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