CM-CIC invests €2m in Mojovida

The GP secured a minority stake as part of the capital increase, which also saw CIC and HSBC providing senior debt to the business.

Mojovida intends to use the fresh funding to accelerate its growth in both France and the rest of Europe. The latter could be achieved via either the roll-out of local subsidiaries or acquisitions.

Company
Established via the merger of Amix-TPV and Contactis, Mojovida specialises in sales and payments systems. Its products include payment terminals, electronic registers and reward program systems.

Based in Nozay and with two further operations, the group employs 90 people and expects to generate a €15m turnover in 2015.

People
Fabienne Mazières worked on the deal for CM-CIC Capital Finance.

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• Topics
• France
• Expansion
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• France
• CM-CIC Capital Finance