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).
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