Ixo injects €4m as part of Missler Software reshuffle

The GP is no stranger to Missler, having backed the company's leveraged buyout in 2005. Ixo had then secured a minority stake, which it subsequently exited in 2011 when management bought out their financial backers.

Four years down the line, the new buyout was designed to allow historical shareholders to sell their stakes and retire. New managers also secured a stake and will come on board to strengthen the existing team.

With development costs in the computer-controlled machinery sector being high, Ixo stated the company would now be looking to broaden its export activities since the French market has already matured.

Company
Based in Evry and founded in 1984, Missler develops software to pilot computer-controlled machinery, targeting the industrial sector. The business employs 220 people and generated a €28m turnover in 2014, including 60% in exports.

People
Nicolas Charleux and Nicolas Olivès worked on the deal for Ixo.

Advisers
Equity – Axten, Clyve Monfredo, Sophie Gsell (Legal); Deloitte, Anne-Marie Martini, Aurélien Hanin (Financial due diligence); Marsh, Cécile Delaunay, Serge Pinal (Insurance due diligence).
Management – Adamas, Louis Bravard, Muriel Lecuyer Samson (Legal).

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• Topics
• France
• Buyouts
• Technology
• France
• iXO Private Equity