Gimv buys ProxiAD from UI Gestion

Eric Rozanes and Stephane Levy invested alongside Gimv and will be responsible for the operational management of the company. The investment was facilitated through Gimv's Smart Industries platform.

Following the acquisition, ProxiAD is planning to expand its services range and client segments. 

LCL, Bred BP, BNP Paribas, Caisse d'Epargne IDF and Caisse d'Epargne Nord France Europe provided debt for the transaction. LCL acted as lead manager.

Company
ProxiAD is a Paris-based software engineering services company. It provides business intelligence systems, predominately in retail banking and insurance, but also in the distribution industry. Founded in 1997, the company operates service centres in France and Bulgaria and employs 500 people. In 2012, the company's turnover amonted to €31m.

People
Arnaud Leclercq, head of Gimv France, led the deal on behalf of the buyer. Michel Deprez and Robert Le Roux managed the exit of UI Gestion. Eric Rozanes is the new managing director of ProxiAD.

Advisers
Equity – Bellot Mullenbach & Associes, Herve Krissi, Romain Liagre, Herve Teran (Financial due diligence); Pierre Audoin Consultants, Vincent Gelineau, Caroline Andrieu (Strategic due diligence); ReedSmith, Marc Fredj, Stephanie Alexandrino, Charlotte Hazan (Legal); d'Alverny, Hubert d'Alverny, Veronique Mervoyer, Eric Bonin (Legal, tax).
Vendor – APManagement, Pierre-Yves Dargaud, Sebastien Dray (M&A); Lerins Avocats, Laurent Julienne, Walid Ammar (Legal).
Debt – Delsol Avocats, Frederique Milotic (Legal). 

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• Topics
• France
• Technology
• Buyouts
• Exits
• BNP Paribas
• France
• Gimv
• Secondary buyout