Silverfleet backs software provider OneStock

The GP invested in the company via its lower-mid-market European Development Fund, which held a €200m final close in December 2019.

This is the third deal made by the vehicle, following its investments in TrustQuay (at the time known as Microgen Financial Systems), a technology provider for corporate services and fund administration; and Staxs, a distributor of cleanroom consumables for the life sciences sector.

OneStock intends to use the fresh capital to further develop its software and infrastructure, and accelerate its technological innovation, while expanding its presence in new verticals and geographies. The business also plans to scale up its team with the hiring of 30 staff in 2021.

Company
OneStock provides order management systems, which allow omnichannel retailers to unify their stock from warehouses, distribution centres and stores, with the aim of enhancing customer experience while improving profitability.

Its platform supports businesses across a variety of sectors, including fashion, jewellery, DIY, sports, cosmetics and luxury goods.

OneStock's client base includes around 60 international retailers, such as Pets at Home, WHSmith, Ted Baker, Ba&sh and Intersport, among others.

The company is headquartered in Toulouse with further offices in Paris and London.

People
Silverfleet Capital – Alex Brebbia (partner, head of the European Development Fund).
OneStock – Romulus Grigoras (CEO, co-founder).

Advisers
Equity – Eversheds (legal); 8Advisory (financial due diligence); PwC (commercial due diligence); Diligize (IT due diligence); Aon (insurance due diligence); HWF (insurance due diligence).

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