Nixen sells Weave to trade in €120m deal

The management team of Weave became shareholders of Onepoint as part of the transaction.

The merger of Onepoint and Weave will create a business transformation company counting 2,300 employees in Europe, north Africa, North America, Australia and Singapore. The combined business aims at a turnover of nearly €300m annually.

Over the next two years, all employees in the group will be able to acquire shares in the business, with up to 15% held by the partners and employees.

Onepoint is a digital transformation services provider for businesses and governments. Founded in 2002 and based in Paris, the company employs 1,850 people globally.

Previous funding
Nixen acquired a majority stake in Weave in 2014, as part of the company's management buyout. A debt package for the deal was arranged by BNP Paribas, LCL and HSBC France.

Company
Weave is a provider of consultancy services for operational strategy. Founded in 2001 and headquartered in Paris, the company predominantly operates in the banking, insurance, industrial and support services industries. Weave employs around 400 people.

People
OnePoint – David Layani (CEO, founder).
Nixen Partners – Jean-Paul Bernardini, Vincent Houlot (partners).  
Weave – Olivier Reisse, Alexandre Meyer (partners).

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• Topics
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• NiXEN
• Trade sale