Nord Capital exits Stadline to trade

Nord Capital acquired a minority stake in the company with an investment of approximately €1m in September 2015.

Established in 2010, Nord Capital is owned by Turenne Groupe (66%) and Crédit Agricole Nord de France (34%). With nearly €220m in assets under management, the firm provides equity support to around 60 companies in their growth and expansion operations.

Its investments are made through Nord Capital Investissement, FIP Nord Cap and the investment company CAP 3ème Révolution Industrielle.

Advent bought a majority stake in TSG in June 2019, in partnership with the company's management team and its founder, Murray Bolton. TSG specialises in developing business management software and integrated payments solutions for the health and fitness and childcare sectors. The company was founded in 1994 and is based in Auckland, New Zealand. It also operates across Australia and the UK, with emerging customer bases in Japan, Europe, and the US.

With the acquisition of Stadline's entire share capital, TSG intends to further develop its presence across Europe, primarily in France and subsequently in Spain.

Company
Established in 2015 with the merger of Stadline (founded in 2004) and Resamania (founded in 2008), Stadline is a provider of management software to the fitness, sport and gym industry, primarily across France. The company is headquartered in Paris and generates revenues of around €5m.

People
Stadline – Frédéric Buisson (CEO).
TSG Group – Floris de Kort (CEO).

Advisers
Acquirer – Vulcain (corporate finance); EY (financial due diligence); Weil Gotshal & Manges (legal).
Vendor – Priscus (corporate finance); DS Avocats (legal).

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• Topics
• Exits
• France
• Technology
• Support services
• Nord Capital Investissement (Participex)
• Advent International
• France
• Trade sale
• EY (Ernst & Young)