22 February 2022

Avanteam x UI Investissement

LBO

Secteur Software & Platforms

Avanteam's founders open their capital to ten managers and UI Investissement in order to write a new page in their development

Client Avanteam

Avanteam is a software publisher specializing in document management and business process automation. Founded in 2003, Avanteam has a strong position in the development of low-code platforms and offers a wide range of vertical and ready-to-use solutions, particularly in the fields of quality, risk management, and operational performance. Certified ISO 9001, Avanteam has a customer satisfaction rate of 94% and has more than 350 customers, mainly SMEs and large accounts, including 25% of the CAC 40. Operating in a dynamic market supported by the underlying trends of the digital transition and the development of QHSE (Quality, Health, Safety, Environment) regulatory requirements, the company has just achieved a turnover of almost €9 million, 70% of which is recurrent, with the growth of 28% over the last financial year.

Contrepartie UI Investissement

For 50 years, UI has been investing in unlisted French start-ups, SMEs and ETIs to provide them with financial support and operational expertise to accelerate their development and improve the prospects and future of their ecosystems. UI Investissement's mission is "to help the emergence and development of economically and sustainably successful players". This commitment to participate in the economic development of the country is reflected in investment in companies that contribute to the activity of their territories and are committed to the implementation of growth projects. As an independent player and a pioneer in private equity, UI acts as a majority or minority shareholder to support operations in Expansion capital and buyouts, innovation capital, consolidation.

The fast-growing software publisher, an expert in the digitalization and automation of business processes, has restructured its capital around its management team and UI Investissement, which has become a major shareholder. The company’s turnover is close to €9m, up 28% over the last financial year. The transaction is supported by debt arranged by BNP Paribas, to which Caisse d’Epargne Ile de France also subscribes.

Avanteam is a software publisher specialising in document management and business process automation. Founded in 2003, Avanteam has a strong position in the development of low-code platforms, and offers a wide range of vertical, ready-to-use solutions, particularly in the fields of quality, risk management and operational performance.

ISO 9001 certified, Avanteam boasts a customer satisfaction rate of 94% and has more than 350 customers, mainly SMEs and major accounts, including 25% of the CAC 40.
Operating in a dynamic market underpinned by the underlying trends of digital transition and the development of QHSE (Quality, Health, Safety and Environment) regulatory requirements, the company has just achieved sales of almost €9m, 70% of which is recurrent, with growth of 28% over the last financial year.

Avanteam intends to continue its development by maintaining its level of investment in its innovative low-code application modeling platform and its catalog of business applications (quality, risks, purchasing, supplier invoices, contracts, etc.). These two areas will enable the company to differentiate itself easily and generate additional revenue from its clients and benefit from new growth drivers thanks to the ESG themes.

The entry of UI Investissement is intended to structure the group’s growth approach around its founders – Mehrad Rushenas and Patrick Van Loo – who remain the reference shareholders, while involving the ten main historical managers. Beyond this operation, it is already planned to involve a wider circle of employees in a virtuous objective of creating and sharing value.

Following a process orchestrated by PAX Corporate Finance, UI Investissement was able to convince Avanteam’s management of the relevance of its active investor model and by implementing an ambitious management incentive plan. The investor invests through its FPCI Cap Entrepreneurs 2. The transaction is based on debt arranged by BNP Paribas, the group’s historic bank, together with Caisse d’Epargne Ile de France

"We are delighted to have teamed up with Pax Corporate Finance to complete this project.
For business leaders like us, who are 100% operational, having a competent and dedicated team to support you throughout the process is an invaluable time and money saver. Thanks to their sound advice, we were able to prepare the right business plan, meet the right investors and, above all, choose the right financial partner. UI Investissement understands our business, adheres to our strategy, and shares our corporate values", explain Mehrad Rushenas and Patrick Van Loo, the main shareholders and founders of Avanteam.

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Software & Platforms

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