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FRANCE - AXA PE increases stake in Planisware

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AXA Private Equity has increased its equity stake in Planisware, a software company, to just over 30%. The transaction saw LB3A exit its shareholding in the company.

Planisware provides project and product management software solutions for key accounts. The company has sales to EUR 21.5m in 2008, 60% of which is generated abroad via subsidiaries based in USA and Europe, and distributors in Korea and Japan. The company is headquartered in Malakoff on the outskirts of Paris and has 116 employees. Pierre Demonsant founded Planisware in 1996.
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