Digital services firm Sodifrance, a recognised leader in information system modernisation, announced the finalisation of its acquisition of Netapsys, a specialist in digital transformation. The deal reinforces Sodifrance’s positioning as a specialist in IT transformation to digital.
The banking pool providing the financing for the acquisition was advised by André Watbot, partner, Charles-Henri Prioul and Marc Lamballais from French Euroadvocaten member firm Cornet Vincent Ségurel.
Sodifrance relied on its usual banking partners (the pool is made up of Caisse Régionale de Crédit Agricole Mutuel d’Ille-et-Vilaine, Banque Palatine, Arkéa Banque Entreprises et Institutionnels, Banque Populaire de l’Ouest and BNP Paribas) and on the involvement of institutional investors and bond funds investing in Euro PP and buy-and-hold debt (Banque Palatine and the Micado France 2019 fund).
Caisse Régionale de Crédit Agricole Mutuel d’Ille-et-Vilaine played a key role as arranger of the bank financing, and as agent and security agent on the joint behalf of bank lenders and bondholders.
The merger will create a new group with a headcount of 1,300 and 2016 revenue of approaching €110 million, plus strong growth prospects thanks to the many synergies expected.