Omnes et al. back Mistral MBI

French GPs Omnes Capital, Swen Capital Partners and Parvilla, and Switzerland-based GP Capital Transmission have all acquired stakes in the business.

Omnes invested €11.8m through its LCL Expansion II, LCL PME Expansion II and Omnes Expansion III (via the sub-section LCL Expansion III) vehicles.

Fabrice Le Camus was appointed new CEO and also invested in the company. Jacques Riviere, the former chair of Ocean, a company backed by Omnes Capital between 2007-2010, also participated in the deal.

Christian Fournier, the founder and previously sole owner of the business, sold all his shares.

Senior debt was provided by LCL and Crédit Agricole Centre France, while Swen provided mezzanine debt.  

Under the consortium's ownership, the business aims to develop new products and strengthen its presence in France, expanding its sales teams and increasing its investments in marketing and communication.

Company
Established in 1980, Mistral markets ERP software with a focus on the agricultural and construction equipment sectors. The group consists of two entities: Mistral Informatique, which publishes software, and Mistral DataCenter, which provides hosting and outsourcing services.

The business generates revenues of around €10m, Unquote understands. Mistral is based in Clermont-Ferrand and has a headcount of 44.

People
Omnes Capital – Laurent Espic (managing partner).
Mistral – Fabrice Le Camus (director).
Parvilla – Lise Nobre (CEO, managing partner); Sophie Lombard (partner).  
Capital Transmission – Virginie Fauveau (director); Frédéric Tixier (investment director).
Swen Capital Partners – Diego-Felipe Aponte Vargas (investment director); Mélanie Le Guen (senior associate).

Advisers
Equity – Granrut, François Le Roquais, Patrick Coote, Réginald Legenre, Anne Cousin, Anne- Clémence Buttner, Valérie Meimoun Hayat (legal, tax); Coriv Conseil (M&A); Aca Nexia, Fabrice Huglin, Hervé Teran, Thibaut Querry (corporate finance); Kerisit Consulting, Jean-Marc Kérisit (IT due diligence); Indefi, Emmanuel Parmentier (ESG due diligence); Axa, Xavier Jouan (insurance due diligence); Lealta Avocats, Olivier Toury (legal); Fieldfisher, Jean Baptiste Van de Voorde, Liora Jakubowicz (legal); UGGC, Yves Mondellini (legal).
Vendor – Clairfield International, Bertrand Hermez, Jean-Noël Combasson, Marie Dokchine (M&A); Alcya Conseil, Laurent Simon (legal).  

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• Topics
• Buyouts
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• France
• Omnes Capital