Naxicap's Technicis bolts on TextMaster

Idinvest provided a unitranche package to Technicis to finance the acquisition, according to a source familiar with the situation.
Idinvest Private Debt Fund IV was the vehicle used for the transaction and Technicis represents the seventh investment of the fund.

In January 2016, Naxicap acquired a majority stake in Technicis, with management retaining a stake.  

Founded in 1996, Technicis provides translation and interpretation services. Headquartered in Paris, it employs 320 people and around 5,000 freelance translators collaborate with the company. With a turnover of €30m at the end of 2016, Technicis has maintained double-digit annual growth for the past 10 years and claims to be one of the main European translation services.  

Previous funding
In November 2012, TextMaster secured €1.64m in a funding round led by Alven Capital with participation from several business angels. Two years later, Alven led a €1m second round of funding for the business, with Belgian incubator eFounders and investor Cédric Siré also taking part.

French venture capital firm Serena Capital led a €5m funding round for TextMaster in 2015. Existing backer Alven also took part in the round.

Company 
Founded in 2011, TextMaster offers a professional online translation service, operating in areas such as copywriting, proofreading and  inbound marketing. The company offers translation services for around 50 languages and fields of expertise.

People
Textmaster – Thibault Lougnon (CEO).

Advisers
Equity – JSquare Conseil, Jennifer Johns (commercial due diligence); Villechenon, Gilles Roux, Tristan Segonds, Eléanore Griffiths, Gaspard le Pomellec (legal); BDO France (corporate finance).  
Company – McDermott Will & Emery, Grégoire Andrieux, Nicolas de Courtivron (legal).

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• Topics
• France
• Technology
• Exits
• Portfolio management
• France
• Naxicap
• IDInvest Partners (AGF Private Equity)
• Build-up