FSI backs Forsitec
FSI Régions (formerly Avenir Entreprises) has invested €300,000 in French IT services provider Forsitec.
The transaction will underpin the organic and acquisitive growth of the company, which aims to achieve a €15m turnover by 2017.
The investment was made through the vehicle Avenir Entreprises Mezzanine, which closed in 2007 and focuses on small businesses with a turnover of more than €2m. The fund makes investments of up to €500,000.
Company
Founded in 2005 and based in Boulogne-Billancourt, Forsitec provides IT infrastructure and services. The firm focuses on IT system consultancy, project management, IT process management and IT infrastructure development.
Forsitec employs around 50 members of staff and has an annual turnover of more than €4m.
People
Denis Vilarinho led the transaction for FSI Régions. Ghislain de La Laurencie and Olivier Peyrefitte are founders of Forsitec.
Advisers
Equity – Cofigex, Jean Charles Norris, Frédéric Durand (Financial due diligence); PDGB, Madia Iliopoulou, Roy Arakelian (Legal).
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