
LBO France backs Ecritel in SBO
LBO France has acquired a minority stake in Ecritel Group, a France-based cloud computing provider, while Nextstage AM and Isatis Capital have divested their stakes in the business.
The deal will allow the founding managers and majority shareholders, Audrey and Thierry Louail, to increase their stake in the company. A number of managers will also become shareholders as a result of the transaction.
LBO France is investing via its fund Capdev FRR France FPCI.
Nextstage AM and Isatis Capital, investors since 2014, will exit upon closing of the transaction.
With the backing of LBO France, Ecritel plans to accelerate its development in France through organic growth and M&A, and develop its geographical footprint abroad.
Company
Ecritel was created in 2006 and controls Ecritel in France (founded in 1985) and six other similarly named subsidiaries.
The business supports companies and institutions through their digital transformation by offering cloud architecture, hosting, web services management, content delivery, security and legal compliance services. Outside France, local teams operate in the Americas (the US, Canada and Brazil) and Asia (Russia, China and Hong Kong).
Ecritel posted revenues of €24m in 2018. It employs 200 engineers and technicians.
People
Ecritel Group – Audrey Louail, Thierry Louail (founders).
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