CM-CIC, BPI France back Hardis Group MBO

Together the PE firms will retain a 66% stake in Hardis group. Up to 30 managers, led by Nicolas Odet and Yvan Coutaz, have acquired stakes in the business.

The company was previously owned by founder and president Christian Balmain, who is now retiring, alongside three associates.

Company
Founded in 1984, Hardis Group operates as a consultancy company, an information technology service provider and a software publisher. It assists customers in the transformation of their business model, digital value chain and logistics operations.

Headquartered in Grenoble, the group generates a €116m turnover and a €10m EBITDA, employing 1,115 people.

People
Hardis Group - Nicolas Odet (CEO), Yvan Coutaz (managing director).
CM-CIC Investissement - Jean-Christophe Vuillot (investment director), Olivier Mironneau (chargé d'affaires), Stéphane Simoncini (investment director).
BPI France - Alexis Guinard (investment director); Maxime Margier-Aubert (investment director), Pierre-Yves Denez (legal director).
 
Advisers
Management - Fiducial Legal by Lamy (legal), Cornet Vincent Segurel (legal).
Equity - Pretium Partners, Duteil Avocats, Arsene Taxand (financial due diligence), EY (financial due diligence), Roland Berger Strategy Consultants (commercial due diligence), BCTG avocats (legal).
 

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• Topics
• Buyouts
• France
• Industrials
• France
• BPI France
• Credit Mutuel Equity (ex CM-CIC Investissement)