CM-CIC LBO Partners’ Nerim acquires Boost

Boost's management joined CM-CIC and Nerim's management as shareholders in the enlarged group, alongside historic Nerim investors Capzanine and Perfectis.

CM-CIC first backed Nerim in April last year, alongside Capzanine. The firm acquired a majority stake in the company for an undisclosed sum, while Capzanine provided both equity and mezzanine funding.

Nerim was founded in 1999. The telecoms company holds a client base totalling 20,000 and recorded turnover of €26m for 2012.

Company
Founded in 2000, Boost is headquartered in Annecy with an additional office in Geneva. The company develops and hosts software-as-a-service (SaaS) applications, designed to administrate and manage a company's development, hosting and production activities for its IT infrastructure via the cloud.

People
Cyril de Metz is the president of Nerim, while Olivier Pochard is the CEO of Boost. Bertrand Fesneau is the chairman of CM-CIC LBO Partners.

Advisers
Acquirer - Granrut, François le Roquais, Emmanuel Sordet, Hugues de Fouchier (Legal, tax); PDGB, Thibaut Caharel (Legal, tax); Exelmans, Stéphane Dahan, Manuel Manas, Sophie Reiss (Financial due diligence).
Vendor - IXA, Nicolas Buschiazzo (Legal); Aelios Finance, Véronique Roth, Pauline Santini, Thibaut de Monclin (Corporate finance).

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