Capzanine backs Intescia in SBO

Francesca Veronesi
22 January 2019

Tweet
Facebook
LinkedIn
Google plus
Send to

Capzanine has acquired a significant minority stake in Intescia, a France-based business intelligence software publisher, investing alongside management.

Capzanine will support Intescia with both equity and mezzanine, drawing capital from Capzanine 4 Flex Equity fund, closed on €350m in 2016. The transaction values the company between €70-80m, according to the French publication Capital Finance.

Previous backers Andera Partners and BNP Paribas Development have exited the investment.

Intescia intends to pursue a build-up strategy in order to enrich its product range and integrate innovative technologies.

Previous funding
Andera, via Winch Capital 2 fund, and BNP Paribas backed the management buyout of Intescia – then known as Reed Business Information (RBI) – from its parent company Reed Elsevier in 2013.

Company
Founded in 1998, Intescia offers a range of services through its software platform for detecting, collecting and distributing data that improves the financial and commercial performance of companies. Based in Issy-les-Moulineaux, the company employs around 420 people. The group achieved a turnover of around €30m at the end of June 2018.

People
Intescia Group – Alexandre Sidommo (CEO).
Capzanine – Maxence Radix (partner); Olivier Guine (investment director).
Andera Partners – Pierre-Yves Poirier, Laurent Tourtois (partners).
BNP Paribas Développement – Jean-Charles Moulin, Delphine Larrandaburu (directors).

Advisers
Equity – Agilys Avocats, Pierre Jouglard, Karine Violeau, Carolle Thain-Navarro (legal).
Management – Cabinet Cohen, Serge Cohen, Jean-Philippe Roux-Viola (legal); Agilys, Pierre Jouglard, Karine Violeau, Carolle Thain-Navarro (legal, tax); Oderis, Julien Passerat, Clément Herout, Candice Veuillet (financial due diligence); Make it Work, Frederic Thomas (IT due diligence).
Vendor – Transaction R, Jean-Christophe Quiniou, Baptiste Sander (M&A); Hogan Lovells, Florian Brechon, Stephane Huten (legal); Eleven, Ambroise Huret, Maxime Caro (commercial due diligence).