Initiative & Finance exits Akanea to trade

Initiative & Finance bought a majority stake in the business in 2013, investing alongside CEO Philippe Grassi. The company generated a turnover of €17.5m the year before. At the time, the GP was investing via its Initiative & Finance FCPR I vehicle, which closed on €141.5m in 2010, Unquote understands. 

Based in Beauvais, the Isagri group employs 1,800 employees in France and in more than 10 countries, generating a €200m turnover. This merger represents an opportunity for Akanea to continue to grow and strengthen its financial base.

Company
Founded in 1984, Akanea is an editor of professional software packages, offering management solutions for the supply chain of companies, from small businesses to large companies, in several sectors, including food products, freight transport, customs and logistics.

Headquartered in Limonest, Akanea employs 150 people and has offices in Paris, Lyon and Toulouse. The business generated sales of €17.8m in 2016.

People
Initiative & Finance – Matthieu Douchet (managing director).

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