NewAlpha acquires majority stake in CHR Numerique

Eliza Punshi
03 July 2020

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French private equity firm NewAlpha has acquired a majority stake in CHR Numerique, a French provider of HACCP (hazard analysis critical control point) management apps to the food sector.

The GP is deploying equity from its first fund NewAlpha Verto, which held a first close in December 2018 on €100m. A report in CF News said the GP invested €15m in the company.

BPI France also joined as a minority backer, with the management team increasing its stake and the founder and CEO Yves Rallo retaining a minority stake.

According to a report in Capital Finance, the deal was not leveraged.

CHR Numerique, which is present in more than 25 countries, aims to strengthen its leadership in the French market. Additionally, it plans to accelerate its international development by opening subsidiaries and via acquisitions in other European markets. According to Capital Finance, the company has already identified several acquisition targets.

Company
Founded in 2013 and based in Brest, CHR Numerique provides digital software that helps catering companies manage HACCPs. It has around 10,000 customers in the catering industry and is present in more than 25 countries.

The company employs 110 staff and generates revenues of €12m, with a 25% EBITDA margin.

People
NewAlpha – Antoine Dary, Thomas Fort (managing directors).
CHR Numerique – Yves Rallon (CEO).

Advisers
Equity – Adviso Partners (financial due diligence); Orsay Avocats Associes (legal); Advance Capital (financial due diligence); Ecocert (environmental due diligence).
Vendor – Medicis Capital (financial due diligence); Deloitte (financial due diligence); Le Cab'Avocats (legal).