Ardian backs Rivalis OBO

The GP has acquired a minority stake in the business, investing alongside its management.

The transaction sees the company valued in the €25-50m bracket, Unquote understands. 

Ardian is currently investing via Ardian Growth II, which closed on €230m in 2018. The fund typically provides equity tickets in the €5-25m range to businesses with a turnover of €5-100m. 

The backing of Ardian will help the business strengthen its digital expertise and commence a buy-and-build strategy.

CIC Est provided senior debt for the transaction.

Company
Founded in 1994, Colmar-based Rivalis was created in response to the lack of support and assistance for small businesses (like craftsmen, shopkeepers and the liberal professions).

Rivalis provides consulting services for business managers who wish to develop their business and offers a permanent adviser for tailor-made support.

People
Ardian – Romain Chiudini (director); Florian Dupont (investment manager).
Rivalis – Lionel Valdan, Damien Valdan (co-founders).

Advisers
Company – DT Espertise, David Taristas (financial due diligence); Cabinet Lichtenauer, Catherine Lichtenauer (legal); Norima Conseils, Christophe Camborde (commercial due diligence); Linkers, Jérôme Luis (corporate finance).
Equity – Next, Hervé Krissi, Eric Chan (financial due diligence); Gaftarnik Le Douarin & Associés, Mickael Levi, Sarah Mobtahije (legal); Mamou & Boccara, Laurent Mamou (tax); Bonna Auzas Avocats, Sigmund Briant (tax).  

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• Topics
• Buyouts
• France
• Industrials
• France
• Ardian (formerly Axa PE)