
Capza invests in Magellan Partners
Capza has acquired a minority stake in digital transformation specialist Magellan Partners with an investment of €100m, which will be deployed over the next five years.
This is the third transaction inked by Capza 5 Flex Equity fund, which held a €450m first close in June 2020. The fund targets mid-market companies generating revenues of up to €150m, based across France, Spain, Italy and Germany. It offers flexible financing by combining majority capital, minority capital, subordinated debt and senior debt, with a tailor-made approach adapted to the company's project.
Capza intends to strengthen Magellan's market position in France and accelerate its organic growth, while pursuing a targeted and ambitious acquisition strategy.
Magellan expects to reach revenues of €350m and 3,000 employees by 2025, with a growth rate of approximately 15% per year. In addition, the company plans to continue the development of its current activities in the IT and digital transformation consulting sector, while also expanding into new segments.
Company
Founded in 2008, Magellan supports its customers through digital transformation projects by defining operational, data and digital strategies, developing business plans for energy transition, and implementing technological solutions.
The group specialises in a wide range of sectors, including energy, utilities, telecoms, banking, insurance, healthcare, industrials and services, with eight cross-functional practices (HR, infrastructure, finance, IT strategy, digital strategy and innovation, AI, data, and cybersecurity).
Employing 1,200 consultants, the company generated turnover of around €140m in 2020.
Magellan is headquartered in Paris, with 12 additional offices across France and a presence in Morocco.
People
Capza – Benoit Chopin (co-head of Flex Equity France).
Magellan Partners – Didier Zeitoun, Claude Aulagnon, Michel Hatiez (founders).
Advisers
Equity – Edmond de Rothschild (M&A); McDermott Will & Emery (legal); Eight Adisory (financial due diligence).
Company – Segif D'Astorg Frovo et Associes (legal); Mayer Brown (tax); Oderis (financial due diligence).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater