CM-CIC backs Septeo MBO

Founders and directors Philippe Riviere, Jean-Luc Boixel and Hugues Galambrun retained a majority in the business.

The GP will support Septeo in its international growth ambitions, both in terms of organic growth and acquisitions (the business might start serving new industries). In particular, Septeo aims at pursuing a buy-and-build strategy in the US.

The growth capital transaction was supported by senior debt provided by Banque CIC Sud-Ouest.

Company
With origins in a company called GenApi, founded in 1988, Septeo is today a software publisher supporting professionals operating in different industries (legal, IT, notary and real estate). The firm specialises in the digital transformation of businesses. 

Based in Montpellier, Septeo employs 1,000 people in France, Belgium, Canada, the US, Dubai (UAE) and Tunisia. It has revenues of €130m.

People
Septeo – Philippe Riviere, Jean-Luc Boixel, Hugues Galambrun (founders).
CM-CIC Investissement – Eve Basse-Cathalinat (director); Antoine Arlet (investment director).

Advisers
Equity – Agilys Avocats (legal); OMS (commercial due diligence); Eight Advisory (financial due diligence); Dentons (legal).
Company – EY Societe d'Avocats (legal).

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• Topics
• Expansion
• France
• Technology
• France
• Credit Mutuel Equity (ex CM-CIC Investissement)