Talentia's management continues the group development and opts again for Private Equity with Argos Soditic
• Argos Soditic acquires a majority interest in the group’s share capital;
• Talentia’s management substantially increases its equity stake;
• Fondations Capital France sells its entire stake with success.
Talentia Software, publisher and integrator of specialised software for managing companies’ Operational Performance, announces a new chapter in its development with the arrival of Argos Soditic as majority shareholder, together with a substantial increase in management’s stake in the capital structure. Fondations Capital France that accompanied Talentia’s development since 2011 has decided to value its participation and sells its shares with success.
After an LMBO in October 2011, Talentia Software demonstrated its positive momentum and ability to establish the group abroad. The group achieved revenue of €54.3 million in 2014, including 25% abroad, representing growth of nearly 30%. Talentia Software intends to continue its fast, profitable and lasting growth by confirming its aim to become a key European player in corporate operational performance.
Argos Soditic, an investment fund specialized in accelerating business growth, particularly through innovation, has extensive national and international experience, and a solid reputation. The fund will provide Talentia Software Group with the means to strengthen the excellence of its product offer, to speed up its organic growth in France and in Europe, to seize external growth opportunities, and to ensure development that creates significant value.
The investment bank Bryan, Garnier & Co, which has supported Talentia Software since its first acquisitions in 2007, followed by its LMBO in 2011, was naturally appointed to manage this transaction.
Talentia Software is a leading international supplier of HR and finance software solutions, with over 25 years’ experience striving to always deliver the best possible service to customers worldwide. The product range includes Human Capital Management solutions with Talentia HCM, and Corporate Performance Management solutions with Talentia CPM (consolidation, reporting and budgeting). The group supports more than 3600 customers in over 30 countries, ranging from SMEs to large international organisations. Located in the UK, France, Italy, Spain, Portugal and Greece, together with a network of partners across Europe, the USA, South America, Australia, Asia and Africa, Talentia delivers and supports customers globally.
About Argos Soditic (www.argos-soditic.com)
Created in 1989, Argos Soditic is an independent European Private Equity firm with offices in Milan, Paris, Geneva and Brussels. Argos Soditic focuses on management buy-outs, buy-ins, Bimbo, spin-off, in small and medium sized companies.
The group of funds managed by the firm (€700m) typically take majority stakes ranging from €10m to €60m. Since its creation, Argos Soditic has carried out more than 60 transactions focusing on management buy-outs and buy-ins in small and medium companies.
The firm has developed a track record of unusual, complex and off-market transactions where the firm’s combination of local presence and international experience is able to add value to the small and medium-sized businesses it invests in.
The fund Argos Soditic VI (€400m) raised in 2011 has allowed the completion of 12 transactions as of today, the last one being the privatization of B Logistics in Belgium on October 7th 2015.
About Fondations Capital France (www.fondationscapital.com)
Part of Fondations Capital group, Fondations Capital France (formerly FC LBO Partners) is a French management company specialized in mid-market LBO operations. Created in 2004, the company manages over €300 million of assets through two funds (LBO Partners Fund and LBO Partners Fund II) and supports growth companies as a reference shareholder, with a strong focus on technology, software and healthcare, complementing a historical experience in distribution, BtoB and BtoC services. Since inception, LBO Partners Fund and LBO Partners Fund II completed fifteen acquisitions and eleven exits. Since beginning 2015, 4 divestments have been conducted for a global cash multiple above 2x.
Fondations Capital France is part of Fondations Capital, an independent asset management company specializing in private equity with a total of €600 million under management dedicated to majority investments within medium-sized companies. The Fondations Capital’s portfolio companies represent a combined turnover of €1.2 billion and 15,000 employees. As a professional and responsible shareholder, Fondations Capital focuses on value creation through innovation, international development and acquisitions, building on the strengths and expertise of its portfolio companies.