Nixen backs Weave MBO

Of Weave's management team, CEO Didier Rousseau, vice president Eric Delannoy, partners Alexandre Meyer, Olivier Reisse, André Morneau and Stéphane Lecordier all took part in the transaction.

The company plans on expanding into new international markets under Nixen's ownership.

Debt
A debt package for the deal was arranged by BNP Paribas, LCL and HSBC France.

Company
Founded in 2001, Weave is headquartered in Paris with an additional office in Brussels. The company provides consultancy services in France and Belgium for operational strategy. It predominantly operates in the banking, insurance, industrials and support services industries.

The company employs 220 staff and generated close to €40m in revenues last year. It claims to have experienced an annual growth rate of 10% over the last four years.

People
Didier Rousseau is the CEO of Weave. Nixen CEO Jean-Paul Bernardini, partner Vincent Houlot and investment director Anne-Laure Mougenot worked on the deal for the firm.

Advisers
Equity – LEK, Rémy Ossmann, David Danon-Boileau, Stéphane Claquin, Morgane Bouhenic (Commercial due diligence); Eight Advisory, Stéphane Vanbergue, Céline Ghiragossian, Salomé Perruchon, Charlotte de Trogoff (Financial due diligence); De Pardieu Brocas Maffei, Guillaume Touttée, Frédéric Keller, Romain Boyet, Marie-Laure Bruneel, Jérôme Mas, Joëlle Muchada, Yannick Le Gall, Jessica Derocque (Legal); Marsh, Humbert d'Autichamp, Sophie Tournilhac (Insurance due diligence); PwC, Sylvain Lambert, Emilie Bobin (Social due diligence).
Company – FTPA, Antoine Gautier-Sauvagnac, Coralie Oger, Charles Mouchel (Legal).
Debt – Reed Smith, Alexandre Tron (Legal).

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• Topics
• Buyouts
• France
• Support services
• France
• NiXEN