I&F and Vivéris back Médiane MBI

I&F took the lead on the transaction and secured a majority stake in the business. Thierry Ganter also took a stake in the buyout and has been appointed as CEO.

The new owners were attracted by Mediane's established position in its market, the strength of its management team and the resilience of its revenue stream.

This is the second investment for Initiative & Finance FCPR I; I&F held the €100m first close of its first vehicle in January 2011, shortly after gaining its independence via a management buyout.

Debt
LCL arranged a senior debt package to support the transaction, which was further syndicated to Société Marseillaise de Crédit (SMC).

Company
Founded in the 1980s, Médiane develops and publishes administrative management software for public healthcare establishments. The Brignoles-based business employs 45 staff and generates revenues of €4.5m.

People
Initiative & Finance was represented by Arnaud Mendelsohn and Aline Palasi. Pierre-Philippe Jarre led the deal for Vivéris Management. Thierry Ganter is the new CEO of Médiane.

Advisers
Equity - SCP Poyac, Patrice Poyac, Olivier Nett (Legal, Tax); Cabinet Pinot de Villechenon et Associés, Morgan Hunault Berret (Legal); Wagram Conseil, Vincent de Laurens (Corporate finance); Approbans, Pierre Chauvet (Financial due diligence); Solucom, Anne-Laurence Gouzien (IT due diligence).
Vendors - Pax Corporate Finance, Adrien Tourres, Olivier Marais (Corporate finance).

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• Vivéris Management