Banexi, BPI sell Quotatis to Adeo

Adeo and its management have wholly acquired Quotatis.

Headquartered in Ronchin, Adeo is the third-largest DIY retailer in the world with a turnover of €16.3bn achieved last year. It employs 77,300 staff across 27 divisions in 12 countries.

Previous funding
In February 2005, Banexi provided Quotatis with €2m in growth capital in exchange for a majority stake in the company, according to unquote" data.

This was followed by a €6m funding round in September 2008 from Banexi and BPI (then CDC Enterprises). Banexi invested a further €2m while BPI supplied the balance.

Company
Founded in 1999, Quotatis is headquartered in Saint-Cloud with additional offices in the UK, Germany and Spain. The company provides quotation services for the business and consumer sectors, providing details of tradespeople for relevant jobs.

The service is free for customers, while tradespeople are offered a pay-as-you-go system. Quotatis employs 115 staff and generates around €14m in revenues.

People
Frans van Steenbrugge is the CEO of Quotatis. Damien Deleplanque is the CEO of Adeo. Michel Dahan is a partner at Banexi, while Luc Heinrich and Romain Gauvrit are SME fund director and investment director respectively at BPI.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Exits
• Support services
• France
• France
• Trade sale