Raise backs Avisa MBO
French GP Raise has acquired a minority stake in France-based Avisa Partners, an economic intelligence and cybersecurity specialist, in an MBO transaction.
Management has retained a majority stake in the business. According to the French publication Capital Finance, the transaction would value the business at €130m, which is around 16x the company's 2018 EBITDA.
Raise typically invests via a €390m minority investments vehicle. The vehicle injects between €10-40m in companies with revenues of €50-500m.
The backing of Raise will help Avisa expand internationally, foster the digitalisation of the business and eventually conduct external acquisitions.
Raise had not responded to requests for comment at the time of publication.
Company
Avisa Partners, founded in 2007, is a public affairs company with a focus on the EU. It provides information in the field of cybersecurity, digital, international affairs and anti-counterfeiting operations. The business generates a €20m turnover, according to Capital Finance.
Avisa is based in Paris, Brussels and London, and employs 100 people.
People
Raise – Alexandra Dupont (managing partner); Vincent Sauzay (associate).
Avisa Partners – Matthieu Creux (president).
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