Bryan, Garnier & Co acts as Sole Financial Advisor to Canon on the sale of its German document outsourcing services division to ASC Investment

Bryan, Garnier & Co acts as Sole Financial Advisor to Canon on the sale of its German document outsourcing services division to ASC Investment

News published on March Friday 1, 2019
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Context

Canon Business Services GmbH, including Canon University Services, represent Canon’s document outsourcing services division in Germany.

The Company traditionally focused on delivering on-premise and transactional printing services. Now however, it is increasingly moving up the document outsourcing value chain via the sale of value-added services to enhance the business performance of clients.

Value added services include: scan & digitization, document management & archiving and design services.

Canon Germany concluded that its document outsourcing division was non-core to its broader strategy, and thus retained Bryan, Garnier & Co to consider strategic alternatives for the division.

Transaction highlights

Bryan, Garnier & Co acted as the Sole Financial Advisor to Canon. The team worked together with the stakeholders of both Canon Germany and Canon Europe to prepare and run a competitive process including private equity and strategic acquirors.

Canon chose ASC Investment as the right partner based on ASC’s long-term commitment to the sustainable development of the Company with respect to employees, customers and services.

This marks another landmark transaction for Bryan, Garnier & Co’s Business Services practice and demonstrates its expertise in document and business process outsourcing solutions. Other transactions include the sale of Xerox Research Center Europe to Naver, the sale of Conduent to Andera Partners, and the buy-side representation of Orpea in its acquisition of Woonzorgnet.

About Canon Business Services

Canon Deutschland Business Services GmbH, including Canon University Services (together CBS), represents Canon’s document outsourcing services division in Germany. CBS became part of Canon Germany through the acquisition of Océ NV in 2010. The Company has approximately 300 employees, operates 45 sites across Germany and serves approximately 60 customers. CBS traditionally focused on delivering on-premise and transactional printing services but is increasingly moving up the document outsourcing value chain via the sale of value-added services such as scan & digitization, document management & archiving and design services.

(www.canon.com)

About Bryan, Garnier & Co

 Bryan, Garnier & Co is a European, full service growth-focused independent investment banking partnership founded in 1996. The firm provides equity research, sales and trading, private and public capital raising as well as M&A services to growth companies and their investors. It focuses on key growth sectors of the economy including Technology, Healthcare, Consumer and Business Services. Bryan, Garnier & Co is a fully registered broker dealer authorised and regulated by the FCA in Europe and the FINRA in the U.S. Bryan, Garnier & Co is headquartered in London, with additional offices in Paris, Munich and New York. The firm is a member of the London Stock Exchange and Euronext.

(www.bryangarnier.com)

Deal team

Falk Müller-Veerse
Partner
T: +49 89 242 262 66

Guillaume Nathan
Partner
T: +33 6 48 15 55 25

Lars Dürschlag
Managing Director
T: +49 89 242 262 68

Kristian MacCarter
Director
T: +49 89 242 262 22

Hendrik Wolters-Fahlenkamp
Vice President
T: +49 89 242 262 30

Philipp Wagener
Analyst
T: +49 89 242 262 72


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