Paris, 20th April 2007 - Bryan, Garnier & Co successfully advises AS INFOR’s shareholders on the sale of the company to CEGID Group
This transaction will enable AS INFOR to benefit from numerous operational strategies by taking advantage of the sales force of Cegid Group that consolidates with this acquisition its presence in vertical market solutions particularly among specialist retailers
Bryan, Garnier & Co, the pan-European Investment Bank for emerging growth companies, announces the acquisition of AS INFOR by Cegid, a listed company on Euronext. Bryan, Garnier & Co advised the shareholders of AS INFOR on this transaction. The transaction is scheduled to be finalized before the end of April 2007.
Bruno Tourme, Managing Director of Bryan, Garnier & Co in charge of Technology and of this transaction, commented: “After working on the sale of Influe to Generix, Bryan, Garnier & Co confirms its status as a leading Investment Bank in the area of Application Software. This transaction demonstrates once again that the largest enterprise business solutions developers reinforce their position on the very dynamic vertical markets such as the specialist retail industry. Bryan, Garnier & Co is proud to have all the necessary assets to take an active part in the consolidation of this market.”
Laurent Balayre and Olivier Proïa, AS INFOR’s shareholders and executives will remain on board at Cegid. In 2006, AS INFOR achieved sales of €6.6m and a very favourable operating margin.
The acquisition of AS INFOR will enable Cegid to strengthen its vertical solutions offering in the specialist retail industry and thus to consolidate its leading position in this market. The new company will benefit from numerous operational synergies. This transaction should notably accelerate the international business development in the countries where the two companies are already present directly and/or through business partners, capitalise on Cegid’s expertise in hosted solutions (On Demand, SaaS) and provide AS INFOR’s client base with a larger business ERP offering. This transaction should also enable Cegid to continue the strong partnership that AS INFOR has developed with Microsoft for many years.
After the IPO of 1855, the capital increase for Sword group and the sale of Influe to Generix, this transaction underlines the ability of Bryan Garnier to work with its clients on every type of corporate finance transaction and notably on M&A deals that implies listed industrial actors like Cegid.
For further information
Bruno Tourme, Managing Director
+44 207 332 2500
Thibaut de Smedt, Director
+33 1 56 68 75 75
About AS INFOR (www.asinfor.com)
Since its founding in 1994 by Laurent Balayre and Olivier Proïa, AS INFOR has specialised in the development of innovative solutions for specialist retailers. The Company publishes and distributes winShop.net, a CRM solution and a POS sales generation tool developed in a Microsoft environment.
About Cegid Group (www.cegid.fr)
Created in 1983, the Cegid group is the leading French developers of enterprise business solutions. The acquisition of Ccmx in 2006 once again makes the group a major European player with more than 2,000 employees, €228.2m sales in 2006 and over 80,000 client sites. Cegid offers information system management solutions designed for every field and business size.
About Bryan, Garnier & Co (www.bryangarnier.com)
Bryan, Garnier & Co is a pan-European independent investment bank focused on European TMT and Healthcare companies offering high growth potential. Bryan, Garnier & Co provides its clients with institutional sales and trading, corporate finance and asset management services. The Corporate Finance Group advises European public and private growth companies