CIC LBO Partners leads Lefebvre Software MBO

The buyers were attracted by Levebvre's diversified client base, its recent growth rate (21.3% per annum on average between 2007 and 2011) and its successful track record of add-on acquisitions in recent years.

The company now aims to post a €100m turnover within the next five years - up from the current €40m.

The deal was intermediated by corporate finance house Bryan, Garnier & Co.

Debt
BRED Banque Populaire and Neuflize OBC arranged a senior debt package. Idinvest provided mezzanine financing.

Company
Established in 1988, Lefebvre Software specialises in financial management (accounting, consolidation, reporting, budgeting), payroll and HR software targeting the mid-market sector.

The Rueil-Malmaison-based group employs 325 people and serves around 2,800 clients.

People
Bertrand Fesneau, Gontran Duchesne and Antoine Dary worked on the deal for CIC LBO Partners. Women Equity Partners was represented by Dunya Bouhacene, Maria Chatti-Gautier, Régis Lamarche and Aude Walter.

Advisers
Equity - Wragge & Co, Jérôme Patenotte, Marie-Anne Fabre (Legal); Lamartine Conseil, Olivier Renaud (Legal); Deloitte, Benoît Pimont (Financial due diligence); Pierre Audoin Consultants, Eric Menard (Commercial due diligence).
Vendor - Cabinet Jobard-Chemla & Associés, Chantal Chemla, Mathilde Croze (Legal).
Company - Bryan, Garnier & Co, Grégoire Revenu, Alexandre Boukhari, Bertrand Schapiro (M&A).
Management - Lamartine Conseil, Fabien Mauvais (Legal).
Mezzanine - Nabarro & Hinge : Jonathan Nabarro, Calixte Glotin (Legal).

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