Context

Founded in 2003, TVH Consulting is a leading French end-to-end editor and integrator of Microsoft and SAP ERP and Business Intelligence (BI) solutions, providing IT consulting, integration, and proprietary software edition

With 10 proprietary vertical ERP modules, TVH covers a wide spectrum of industries’ specificities with strong positions in the Life Science and Retail industries. Over the past years, the Company has also developed in-house a unique ERP solution for Cooperatives

Since its first successful LBO operation led by Sparring Capital in 2016, TVH Consulting has doubled its revenue organically and through targeted acquisitions, reaching EUR 30m in revenue in FY21 with above market EBITDA margin through its hybrid business model (software edition and IT consulting)

Together with 21 Invest and the Food & Beverage focused private lender Cerea Partners, Ahmed Mahcer (Chairman) and Eric Boisneault (CEO) ambition is notably to accelerate TVH Consulting’s growth in the untapped cooperative market while continuing its buy-and-build strategy in Europe and North America

About TVH Consulting

Founded in 2003, TVH Consulting is an international independent software company specialized in systems integration, business consulting and hosting of major international ERP solutions. Under its proprietary R&D centre, TVH Consulting has accumulated know-how in business solutions edition for medium-sized companies from various industries: agribusiness, specialized distribution, mass retail suppliers, chemicals, pharmaceuticals, cosmetology, etc. TVH consulting mainly operates in Europe but also worldwide benefiting through its strong partnership network. It maintains the whole management of all projects, all installations support and commits to its results irrevocably.

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About 21 Invest

21 Invest was founded in Italy in 1992 by Alessandro Benetton to invest in mid-market companies and make them grow. In 1998, 21 Invest partnered with a local team in France with the scope of building a top-tier European group together. The development continued with the establishment of a new local team in Poland in 2013. In these years of activity, 21 Invest has supported dozens of companies by helping them flourish sustainably and persistently. This long-lasting experience enables 21 Invest to be a renowned mid-market player in Europe with the expertise to create a pipeline of quality investment opportunities and to react to the ever-changing macroeconomic environment. 21 Invest has completed more than 100 investments and raised €2bn from institutional investors worldwide over the last 28 years of activity.

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Thibaut De Smedt

Investment Banking

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Stanislas De Gmeline

Investment Banking

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Jonathan Bohbot

Investment Banking

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Henri Guilbert

Investment Banking

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Daniel Seroux

Investment Banking

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Deal Team

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