Industries & Finances-backed Calliopé bolts on IT businesses

A spokesperson for Industries & Finances confirmed new capital was injected by the GP to finance the acquisitions. CEO of Titanium Eric Muller bought a minority stake in Calliopé.

The GP financed the transaction from its fund Industries & Finances Investissements 3, which launched in 2014 and closed on €135m. No debt was used for the acquisitions.

Calliopé acquired a majority stake in 3Li Business Solutions in April 2017. The transaction represented the eighth investment of the Industries & Finances Investissements 3 fund. 3Li generated a turnover of €17.2m in 2016 and employs 132 people.

Company
Groupe Diagonal was founded in 1993 and is based in Lyon. It is a Microsoft ERP solution integrator that posted a €9m turnover in 2016. It has a staff of 70 and has around 600 clients.

Founded in 2004, Titanium is an IT company dedicated to CRM and collaborative solutions integration and consulting. The company's headquarters are in Strasbourg. It employs 50 staff and has 500 customers. Its turnover stands at €5m.

People 
Industries & Finances Partenaires – Sophie Pourquery (managing director).
3Li Business Solutions – Patrick Thiéfine (founder, president), Thierry Cavaillé (CEO). 
Titanium – Eric Muller (CEO). 

Advisers
Acquirer – Bejanin Dermagne Maekawa, Jean-François Dermagne (financial due diligence), Goodwin, Christophe Digoy, David Diamant (legal), Theimer, Gaëlle Alson, Angeline Barbet-Massin (legal).
Company – MLA Conseil Société d’Avocats, Caroline Cohade (legal).

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• Topics
• Expansion
• France
• Technology
• France
• Bee Up Capital (formerly Industries & Finances Partenaires)