Context
Founded in 1989 and headquartered in Paris, Artemys Group is an independent French IT services provider with more than 500 employees, specialized in the management and evolution of information systems.
Serving a customer base of major accounts, the Group offers a complete range of services around IT systems architecture and infrastructure, modern workplace, BI and Big Data, network and security, open source, and IT project management through its subsidiaries Artemys, Artemys Normandie, Arcatem and Amontech.
Artemys benefits from strong technology partnerships, notably with Microsoft (Microsoft Gold Partner since 2007) but also AWS, Palo Alto Networks, Lakeside, Nutanix, and Cato Networks, among others.
The Group has maintained a steady annual profitable growth of more than 10% over the last few years and has proven its ability to execute a buy-and-build strategy through various fruitful acquisitions.
Artemys was looking to onboard a financial partner to accompany its ambitious organic and external growth plan. The investment from Andera Partners will allow the Company to further increase recurring revenues through Managed Services and to become a French market consolidator in the IT Infrastructure Services space.
Together with Andera Partners, founders Laurent Taieb, Eric Porte and Boris Gunther aim to double revenues in the coming 4-5 years, from nearly EUR 50m today.
About Artemys
Founded in 1989, Groupe Artemys is an independent French IT services provider with 500+ employers and close to EUR 50m in revenues. Through its subsidiaries Artemys, Artemys Normandie, Arcatem and Amontech, the Group provides a complete range of services around IT systems architecture and infrastructure, modern workplace, BI and Big Data, network and security, open source, and IT project management. The Group benefits from strong positioning with French blue-chip companies and has partnerships with major tech companies such as Microsoft (Microsoft Gold Partner since 2007), Amazon, Palo Alto Networks, Lakeside, Nutanix, and Cato Networks, among others.
About Andera Partners
Andera Partners (formerly known as Edmond de Rothschild Investment Partners) is a leading management-owned Private Equity fund investing in unlisted companies in France and internationally. It manages more than EUR 2.5bn of investments in small and mid-cap companies in growth capital and buyout (through Cabestan Capital and Winch Capital), Healthcare & Life Sciences (through BioDiscovery) and provides sponsorless mezzanine debt support (with ActoMezz).
Deal Team
Should you want to know more about this transaction, you can contact one of the team members above
Bryan, Garnier & Co acts as Sole Financial Advisor to IT services group Artemys and its founders on a minority LBO operation with Andera Partners
Bryan, Garnier & Co acted as the Sole Financial Advisor to Artemys and its shareholders on the transaction.
The team organized, prepared and led a competitive process involving tier-1 financial sponsors (equity and sponsorless).
Bryan Garnier also acted as debt advisor and arranged stapled and fully underwritten financing, including a build-up credit facility.
This marks another landmark transaction for Bryan, Garnier & Co’s technology services practice and continues to demonstrate our expertise in LBO transactions. Notable recent transactions in the IT services space include the acquisition of Sodifrance by Sopra Steria, the disposal of Sword Group’s French unit to Argos Wityu, and the sale of a minority stake in Intys Consulting to Omnes Capital.
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