
Idinvest backs Bimedia
Idinvest Partners has invested in Bimedia, backed by Omnes Capital since 2015, according to an announcement from the competition authority.
Idinvest and Omnes did not wish to comment on the transaction.
Omnes acquired around 60% of Bimedia in 2015. The GP used its €210m Omnes Croissance IV fund for the transaction. Enterprise value for Bimedia was not revealed, but sources close to the transaction confirmed it fell within the €20-50m region.
At the time, Idinvest supported the buyout with a unitranche facility.
The transaction in 2015 saw founders Jean-Baptiste Pondevy, Dominique Chabot and Antoine Lacoste retain 30% of the business. The company's management team invested alongside the firms in return for a stake of around 5%.
Company
Created in 2002, Bimedia is a software developer targeting clients in the retail sector such as newsagents, tobacco sellers and bakers. The business provides them with point-of-sale terminals and services ranging from telephone and digital advertising sales to electronic payment systems.
With headquarters in La Roche-sur-Yon, the business manages additional offices in Paris and employs 150 professionals. It posted €135m in revenues prior to the Omnes investment in 2015.
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