Omnes buys minority stake in Tennaxia

The GP is deploying €8m via its Omnes Expansion 3 and LCL Expansion 3 funds. Omnes Expansion 3 raised €125m in early 2020 and is now more than 40% deployed.

The two vehicles typically make minority and majority investments of €8-15m in French SMEs that lead their niche segment in B2B or B2C services.

The leverage on the deal was less than 2x EBITDA, with BPI France and Arkéa Capital, via vehicles Arkéa Capital Investissement and Arkéa Capital 2, investing alongside Omnes. 

Tennaxia will use the investment to step up its cross-selling and up-selling strategy for its existing services, strengthen its sales teams, and attract new customers in France and international markets. It expects to generate a turnover of €7m in the year ending in March 2021.

Company
Founded in 2001 and based in Paris, Tennaxia has developed a software for businesses to help them monitor their corporate social responsibility (CSR), and environmental, social and governance (ESG) strategies.

The company expects to generate revenues of €7m by the end of March 2021. It employs 60 people across offices in Laval, Paris and Lyon.

People
Tennaxia – Bernard Fort (founder, CEO).
Omnes – Frédéric Mimoun (senior director).

Advisers
Equity – LL Berg (legal); Ayache (tax); Oderis (financial due diligence); Praxis (commercial due diligence); Indefi (ESG due diligence).
Company – Action Expertise (financial due diligence).

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

• Topics
• Buyouts
• France
• Technology
• Omnes Capital
• BPI France
• Small-cap buyout
• France