XAnge divests RunMyProcess stake in trade sale

Fujitsu, a Japanese provider of IT products and services, reportedly agreed to acquire RMP for around €16m. The acquisition will allow it to strengthen its cloud-based offering.

XAnge invested €1.5m of growth capital in RMP via its FCPI funds in 2010. Angel investors also backed the business on this occasion. The GP declined to comment on return figures for this investment.

Company
RunMyProcess develops, commercialises and operates a cloud-based platform that enables organisations to design, run, and manage business processes. Founded in 2007, the company is based in Paris. It reportedly generated revenues close to €1m in 2012.

People
Nicolas Rose and Nicolas Debock worked on the deal for XAnge. Matthieu Hug is CEO of RMP.

Advisers
Vendor – Inflexion Points Technology Partners, Hubert Catanese, Frédéric Ariès (Corporate finance); Didier & Lévy, Philippe Didier, Marguerite Le Guerer (Legal).
Acquirer – McDermott Will & Emery, Nicolas Lafont, Benoit Zagdoun (Legal).

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• Topics
• France
• Exits
• Technology
• France
• Trade sale
• XAnge Private Equity