Eurazeo’s Cap Vert bolts on Aditia

Aditia's management team will acquire a stake in Cap Vert as part of the transaction.

The firm has simultaneously announced the bolt-ons by Cap Vert of Italian on-site technical assistance firm Digital Computer Service and the intangible assets of French IT maintenance firm Phoenix IT Services, which took place in March this year and November 2013 respectively.

The acquisitions mean that Cap Vert is now present in more than 100 countries, with new direct locations in Italy. Its consolidated revenues now reach €85m – having sat at €60m at the time of Eurazeo's acquisition of the company – and it employs 230 staff.

Eurazeo acquired a 57% stake in Cap Vert in July last year. The firm bought the business from Atria Capital Partenaires and the company's founder in a deal that valued the business at €70m. Members of CVF's management team, including board chairman Bruno Demolin, acquired a 35% stake while the company's founder, Loïc Villers, retained an 8% stake.

Company
Founded in 2003 and headquartered in Boulogne-Billancourt, Aditia provides leasing equipment services for the IT industry. The company also offers related services such as fleet choice advisory and on-site and remote infrastructure management.

According to Eurazeo, the acquisition of Aditia will double Cap Vert's fleet of servers under management. Aditia generated €13.5m in revenues for the year ending June 2013.

People
Bruno Demolin is the chairman of Cap Vert. Olivier Millet is the chairman of Eurazeo PME.

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