Crédit Agricole Private Equity has used a primary LBO to acquire a 69% shareholding in Exclusive Networks, one of Europe’s biggest value-added distributors of business security, storage and network solutions, a press release states.
We intend to support the group in its ambitious projects with the aim of tripling its size within five years.”
Crédit Agricole Private Equity has acquired a 69% stake in the Exclusive Networks group, a B-to-B distributor of information systems security solutions, as part of a primary LBO alongside the group’s chief executive and key managers, Edmond de Rothschild Investment Partners, which partially reinvests, and Socadif, the statement says.
The group wants to positions itself as the exclusive partner of innovative software vendors in France and abroad, offering high-end technical services, global support, marketing promotion and training in the products it markets through its reseller network.
The group currently has 40, mainly US, suppliers and over 1500 resellers in around ten European countries. Exclusive Networks’ 2009 turnover was €82.6 million, of which €40 million in France, and it has 127 employees.
The LBO aimed to create Europe’s leading distributor of IT security systems by continuing the rollout of the group’s two-pronged development strategy: increase in the number of suppliers in countries in which the group already has a presence, and support for its expansion into Europe (Germany and Scandinavia in particular) through external growth.
Olivier Breitmayer, the group’s President and CEO, has says that, “Crédit Agricole Private Equity’s stake in the company marks another stage in our development and will ensure we are able to follow through our strategic ambitions in the future”.”
Download: Press Release
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