LBO France completes sale of EI-Technologies to trade

Until now, LBO France had held a 71% stake in EI-Technologies, while the company's founders and managers owned 29% via holding company EI Capital. 

LBO France in 2008 acquired the company via its CDC Innovation III Fund. The acquisition, announced first in February 2020, will help Cognizant scale up its business in Europe and enhance its Salesforce capabilities.

Company
Founded in 2008 and based in Paris, EI-Technologies is a partner of Salesforce, and its training center EI-Institut is an important Salesforce training centre in France. Its clients include large companies in the industry, energy and utilities sectors, as well as financial services and luxury goods. The company also specialises in consulting.

It employs 345 people and it generated revenues of €37.3m in the year ending March 2020.

People
LBO France – Franck Noiret (managing director)
EI Capital – Bechara Raad (co-founder); Jean de Lasa (co-founder); Pierre Sarrola (co-founder).

Advisers
Vendor – Rothschild & Co (financial due diligence); KPMG (corporate finance); Chammas & Marcheteau (legal); Maison Eck (legal); Altiore Avocats (legal); Bird & Bird (legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Exits
• France
• Technology
• France
• LBO France