Siparex et al. back Missler Software

Siparex was the leading investor in the transaction, drawing capital from Siparex ETI 4, closed on €315m in 2017.

Managers Richard Lamure, Philippe Julliard, Jean-Louis Jammot and Patrice Tiberi have retained a stake in the business as part of an MBO transaction, a spokesperson for Siparex confirmed to Unquote. Meanwhile, Christian Arber, Marc Choquin and Jean-Luc Rolland, who took over the business in 2012, partially sold their stakes. 

Ixo Private Equity, an investor since 2005, also exited the business, the report added.

Previous funding
In June 2005, Ixo Private Equity acquired an undisclosed minority stake in the business. The GP also provided a €4m equity injection in 2015, reacquiring a minority stake. 

Company
Based in Evry and founded in 1984, Missler develops software to pilot computer-controlled machinery, targeting the industrials sector. It specialises in CAD/CAM/ERP software for the mechanical (machinery, tools, etc), sheet metal work and wood industries. The business employs 302 people and generated a €45m turnover last year, Unquote understands

People
Missler Software – Christian Arber (CEO).

Advisers
Equity – Deloitte (financial due diligence); Ratheaux (legal); CXP (operational due diligence). 
Vendor – Invest Corporate Finance (corporate finance); Adamas (legal).
Company – Sycomore Corporate Finance (corporate finance); MBA Avocats (legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• France
• Technology
• France
• Siparex
• BPI France