Ardian buys minority stake in Neotys

The investment rationale was to allow Neotys to accelerate its international expansion. The company stated the fresh capital will allow it to consolidate and expand its position in the European and US markets.

Ardian recently raised a €70m fund for its growth capital activities. The vehicle, which launched in 2012 with a €60m target, focuses on SMEs in France and continental Europe, seeking to invest up to €10m per transaction.

Company
Founded in 2005, Neotys has designed Neoload, a software solution that allows businesses to test the performance of web and mobile applications during periods of high traffic. The company has 1,500 clients spread across 62 countries and operates out of Gémenos, near Marseille. It employs around 60 staff.

People
Laurent Foata and Geoffroy de La Grandière worked on the deal for Ardian. Thibaut Bussière is the president of Neotys.

Advisers
Equity – De Gaulle Fleurance & Associés, Nicolas Chazarain, Jonathan Souffir (Legal).

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• Topics
• France
• Expansion
• Technology
• France
• Ardian (formerly Axa PE)