Context
Founded in 2007, GAC Technology is the leading French fleet management software solution for vehicles with +380k vehicles under management as well as telecom devices, buildings and contracts. The Company exclusively targets BtoB market and helps its customers (SMBs and large accounts) manage their fleet via the best indicators by collecting and consolidating data. As of today, the Company employs more than 70 people in France.
GAC Technology's Management team, led by Matthieu Echalier, has achieved significant growth in the business over the past years while generating strong profitability. The Management has developed a virtuous SaaS business model with high recurring revenues and very low churn rate.
New Alpha Verto and Bpifrance will support GAC Technology to become the leading European fleet management software by accelerating its growth through the development of its car fleet solution in France, the expansion to new markets such as Benelux, Spain, Switzerland, Italy, Germany and Morocco, the launch of new software offerings and M&A.
About GAC Technology
GAC Technology is a SaaS company providing fleet management solutions. GAC Technology promotes data collection and connection with suppliers, follow-up through dashboard and costs optimization. Since inception, it has imported 1 billion lines of data. It's products and solutions help achieve efficiency and time savings daily, optimize the management and cost of the fleet, manage employee's infraction and generates reports of the fleet.
About New Alpha Verto
NewAlpha Verto is a growth equity fund investing in fast-growing private SMEs in France and continental Europe. The fund targets specific sectors that all exhibit a strong technological dimension: TMT (Technology, Media, Telecom), Healthcare and Industrial Niches. The fund, acting as a reference shareholder, aims to actively support the transformation of ambitious SMEs into international intermediate-sized companies. NewAlpha Verto backs entrepreneurial and ambitious management teams that invest significant amounts alongside the fund. NewAlpha Verto offers flexible capital, tailored to the operational strategy of each company in order to free up its growth potential (holding period and financial leverage in line with the company’s equity story).
About Bpifrance
Bpifrance's equity investments are made through Bpifrance Investissement. Bpifrance finances companies - at every stage of their development - with loans, guarantees and equity. Bpifrance supports them in their innovation and international projects. Bpifrance also ensures their export activity through a wide range of products. Consulting, university, networking and acceleration programs for startups, SMEs and ETIs are also part of the offer to entrepreneurs. Thanks to Bpifrance and its 50 regional offices, entrepreneurs benefit from a close, single and efficient contact to help them face their challenges.
Deal Team
Should you want to know more about this transaction, you can contact one of the team members above
Bryan, Garnier & Co acted as Sole Financial Advisor to New Alpha Verto on its investment in GAC Technology
Bryan, Garnier & Co acted as Sole Financial Advisor to New Alpha Verto on its investment in GAC Technology.
Bryan, Garnier & Co assisted New Alpha Verto with strong sector and valuation expertise as well as continuous process intelligence while leveraging its deep knowledge of the software market.
This marks another landmark transaction for Bryan, Garnier & Co’s software practice and is a further demonstration of its expertise in private equity-led transactions. Other notable transactions in the space include the acquisition of Mailinblack by Apax Partners and New Alpha Verto, the contemplated investment of Bridgepoint Development Capital in CAST, the sale of Horizon Software to Sagard NewGen, the investment of Cathay Capital, Sagard NewGen and Eurazeo in Dilitrust, the investment of MBO in Praxedo, the investment of Five Arrows Growth Capital in Padoa and the sale of Eudonet to Montagu.
Share