Ciclad acquires majority stake in ReportOne

ReportOne founders Philippe Timsit and Francis Savic will retain a minority stake, while director Thierry Luthi has been promoted to the position of president and has joined as shareholder.

With the transaction, the GP will help the company accelerate and commercialise its strategy to become more data-driven.

Ciclad's most recent buyout fund is Ciclad 6, which reached a final close on its hard-cap of €180m in September 2018. The vehicle invests between €4m and €15m in small-sized companies in France and neighbouring countries. 

Company
Founded in 2001 and based in Paris, ReportOne is a publisher of reporting and business intelligence software for SMEs. It has 60 employees in Albi, Bordeaux, Lille, Lyon, Nantes and Paris. In 2019, it generated revenues of €7.8m.

People
Ciclad - Eric Bruguière (partner).
ReportOne - Thibaut Chesné (CEO); Philippe Timsit (co-founder); Francis Savic (co-founder).

Advisers
Equity - Advance Capital (financial due diligence); Lamartine Conseil (legal).
Company - Largilliere Finance (corporate finance); Gaftarnik Le Douarin & Associes (legal).

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• Topics
• Buyouts
• France
• Technology
• Small-cap buyout
• France