Software & Fintech, M&A

Bryan, Garnier & Co acts as Sole Financial Advisor to Verto (ex. NewAlpha Verto) and the Management of Sinari on a secondary LBO led by Bridgepoint Development Capital

Sinari is the French leader in software solutions for road freight transport companies and logistics specialists.

Sinari offers an end-to-end suite to address all carrier needs. The group has over 260 employees and an extensive customer base of over 6,000 clients.

Since its primary LBO operation led by Verto (ex. NewAlpha Verto) in 2019, Sinari has strengthened its position both organically and through selected acquisitions, expanding its product portfolio and gaining market shares.

Going forward Bridgepoint’s will support the group in accelerating its international development and developing in new vertical markets.

Bryan, Garnier & Co acted as Sole Financial Advisor to Verto (ex. NewAlpha Verto) and the Management of Sinari

Bryan, Garnier & Co organized, prepared and led a competitive process involving Tier-1 Private Equity investors able to support the company’s growth and development strategy

Bryan, Garnier & Co also acted as debt coordinator and initiated a competitive financing process with senior private and unitranche lenders for the financing of the transaction

This marks another landmark transaction for Bryan, Garnier & Co’s Software & Fintech practice and is a further demonstration of its expertise in private equity-led transactions. Other notable transactions in the past two years include the investment of Hg Capital in Nomadia, the investment of Keensight in e-Attestation, Carlyle’s investment in Groupe Lacour, the sale of Mailinblack to Apax Partners, the acquisition of CAST Software by Bridgepoint Development Capital.

"Bryan Garnier's team played a pivotal role in allowing us to find the best partner. We are thrilled to be embarking on this exciting journey with Hg, as they are the ideal match to accelerate our R&D and product innovation, particularly in the fields of AI and IoT."

— Fabien Breget - CEO of Nomadia

Created in 2019 following the merger of OMP and GPI, Sinari is a French software publisher for the transport and logistics sectors. Sinari then carried out several external growth operations to diversify its product portfolio and gain market share, in France and Benelux. Sinari and its subsidiaries offer a complete range of Transport Management Systems (TMS), Fleet Management Systems (FMS), Onboard Computing and Social Management, Warehouse Management Systems (WMS), Route Optimisation, Garage Management and Career Management. Sinari relies on a recurring business model and a base of over 6,000 active customers from various industries. The company employs 260 people in 11 offices in France and Benelux.

With a team of 35 investment professionals in Europe (including 12 in Paris), Bridgepoint Development Capital (BDC) is one of the few mid-cap investors able to support the international development of small and mid-sized companies, with nine investment offices and operational teams based in New York, San Francisco and Shanghai. BDC invests between €40m and €150m through its latest fund, BDC IV, which was raised in 2020 and has over €1.7bn under management. Bridgepoint Group plc is a listed international alternative asset manager focused on middle-market companies. With over €30bn of assets under management, the company has over 170 investment professionals covering six sectors (business services, consumer goods, financial services, healthcare, high tech and technology) in Europe, the US and China. Bridgepoint Development Capital invests with four distinct strategies: Mid-cap, Smid-cap, Growth and Credit.