Bryan, Garnier & Co advised Sword Group on the disposal of FircoSoft to R Capital Management

Bryan, Garnier & Co advised Sword Group on the disposal of FircoSoft to R Capital Management

News published on June Wednesday 1, 2011
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Paris, June 1st 2011 - Bryan, Garnier & Co advised Sword Group on the disposal of FircoSoft (one of the leading provider of transaction filtering solutions for international financial institutions) to R Capital Management and Paris Orléans under a management buy-out.

For more than 15 years, FircoSoft has offered transactions and payment filtering solutions software to international financial institutions that, following increasing compliance directives and KYC procedures, are more and more eager to benefit from a trustworthy transaction filtering solution able to filter an increasing volume of transactions (implementation of SEPA in Europe and increase of domestic filtering).

Become the leading provider of payment/securities filtering solutions with offices in Paris, New York, London, Singapore, the company has increased its revenues by 20% per year over the last two years, with over 405 customers worldwide and a presence in more than 70 sites.

As Sword Group aimed to concentrate its business on its core activities such as CRM, ECM and SIG, they appointed Bryan, Garnier & Co, the specialist in Software M&A operations, for the disposal of FircoSoft.

This Management Buy Out transaction on FircoSoft allows R Capital Management and Paris Orléans to invest alongside the management team, including Jean Losco, FircoSoft's former Manager and now CEO. With this new financial support, FircoSoft has the means to engage its ambitious growth projects through the widening of it international coverage and the reinforcement of its sales teams.

Jacques Mottard, Executive Chairman of Sword Group, declared: "following this disposal, Sword will have simplified its value proposition around its core products that will allow us to create additional coherence, value and synergies within the Group. We are very satisfied by the process led on the sale of FircoSoft and we are very confident in the ability of FircoSoft to further develop its operations alongside R Capital Management".

"FircoSoft has become the standard in the transaction filtering which is now a key issue for financial institutions. This asset and its high growth potential have generated a strong interest from financial investors who had been contacted in a very competitive and tight process" emphasized Audrey Gennequin, Director within Bryan, Garnier & Co.

"This operation demonstrates Bryan, Garnier & Co's will to support Jacques Mottard in the implementation of its overall strategy for Sword as well as our strong ability to back our historical clients such as Sword Group in all their operations either capital market operations or disposals of non core assets.", added Olivier Garnier, Managing Partner within Bryan, Garnier & Co.

About Sword Group: www.sword-group.com

Sword Group delivers high value business applications to the world's largest companies globally.

Present in 21 countries and with operations in 55 countries, Sword today employs over 1,800 people and generates around €185m in consolidated revenue.

Sword Group's skills, infrastructure and experience are trusted to help its customers across regulated industries optimize performance, increase efficiencies and maximize return on investment.

Bryan Garnier & Co’s recent transactions:

  • May 2011: Sale of Telemarket to Systeme U
  • May 2011: Sale of Modelabs (MDL) to Bigben Interactive (BIG) (pending)
  • May 2011: Acquisition of AES Chemunex by BioMerieux (pending)
  • May 2011: IPO of Concoursmania (ALGCM)
  • April 2011: Public to Private of Metrologic (MGT) led by the Carlyle Group (62% controling block followed by tender offer)
  • April 2011: Buy out of DCI by its Management Team, LBO France & Capzanine

About Bryan, Garnier & Co

Bryan, Garnier & Co is an independent investment bank specialising in European Healthcare, TMT and Renewable Energies growth companies. The firm is focused on three major activities: Equity Research & Brokerage, Asset Management and Corporate Finance. With more than 100 professionals, Bryan, Garnier & Co has for over ten years offered the range of services and expertise of top-tier investment banks, yet has the level of attention to clients of a boutique. Bryan, Garnier & Co is authorised and regulated by the Financial Services Authority (FSA) in the United Kingdom, and is member of London Stock Exchange and Euronext, Alternext Listing Sponsor, and is active on all European Capital Markets.

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