After strong growth in 2019, which brought the Talan group to 2,500 employees and €258 million in revenue, and the year 2020 marked by a spirit of conquest, Talan has reached a new milestone by signing the entry of the TowerBrook fund into its capital.
This transaction with a leading international fund specialising in supporting companies with strong growth potential, and with real social and environmental sensitivity, will enable Talan to become a key European player in the digital transformation and to exceed €1 billion in revenues by the year 2024. This will involve an acceleration in organic growth and strategic acquisitions, both in France and internationally. In this respect, Talan is studying the various opportunities that will enable it to develop more quickly in the coming months.
At a time when companies are subject to strong economic instability, accelerated digitisation and new prospects, Talan has positioned itself as a major player in supporting the digital transformation of these organisations. The social and environmental challenges that will have a strong impact on the world of the future are an integral part of Talan's offer.
According to Mehdi Houas, Chairman of the Talan group: “The arrival of TowerBrook in our capital highlights the trust we have in its managers, with whom we share the same social and environmental commitments, as well as the ambition to make Talan a leading player in the digital transformation on an international scale.
The Talan group, which remains majority owned by its management team, enthusiastically welcomes this new partner who will support us in accelerating our growth. I would like to take this opportunity to thank our historical partner, Capza, who has supported us for several years.”
According to Karim Saddi, Managing Partner and Co-Chairman of TowerBrook: “Talan’s experience, the quality of its management team and its positioning in its markets have been key factors in our investment choice. In addition, the ambition and entrepreneurial dimension conveyed by the managers are key success factors for us, to make Talan a major player in the digital transformation of companies on a international scale. We are proud to support Talan and its employees at this major stage of their development.”
Maxence Radix, Associate Director of Capza, says: “We are pleased to have supported Talan for four years to enable it to achieve this strong growth. We are certain that TowerBrook will be a powerful lever in the development of Talan worldwide.”
At the end of this capital process, Capza will exit the capital of Talan, which remains majority owned by the management team.
As part of this transaction, Natixis Partners was asked to act as the investment bank and to coordinate the various funds. Other consulting firms also participated:
Legal advice: Archers
Due diligence advice:
- Financial: Eight Advisory
- Tax: Eight Advisory Tax
- Strategic: Roland Berger
- Legal, social and ESG: KPMG Avocats
For more than 15 years, Talan has been advising companies and public authorities, supporting them and implementing their transformation projects in France and abroad. Present on five continents, the group plans to generate revenues of €350 million in 2020 for more than 3,500 consultants. The group places innovation at the heart of its development and operates in areas related to the technological changes in global firms, such as Big Data, IoT, Blockchain and Artificial Intelligence. Present at key events in the sector, such as Viva Technology, Talan regularly speaks about the challenges of these revolutionary technologies alongside major players in the sector and parliamentarians (Syntec Numérique, Artificial Intelligence Forum, French Fab Tour, Giverny Forum, etc.).
TowerBrook Capital Partners, L.P. is an investment fund with over $13.2 billion in assets under management and strong experience in creating value for its investors. The company is headquartered in London and New York and invests primarily in American and European companies. TowerBrook's private equity strategy is mainly aimed at acquiring majority stakes in medium and large companies, mainly for their own account and often in situations characterised by their complexity. TowerBrook's structured opportunities strategy facilitates access to a wide range of opportunities, mainly through structured assets and structured equity investments, allowing investment firms to access financing and expertise to support growth without ceding control. TowerBrook is a B Corporation certified company. B Corporation certification is administered by the non-profit organisation B Lab and is awarded to companies that demonstrate leadership in their commitment to environmental, social and governance (ESG) standards and responsible business practices.
CAPZA1 has been a leading player in private investment in SMEs/mid-caps since 2004. Based in Europe, the company is majority owned by its employees and enjoys the support of the AXA group. With €4 billion in assets under management2, CAPZA places its experience and passion for business development at the service of institutional investors in Europe and worldwide through a platform of soon to be five complementary areas of expertise: Flex Equity, Private Debt, Transition3, Artemid4 and Growth Tech5. Its unique platform enables CAPZA to support companies in the long term by offering scalable financing solutions. Although a generalist, CAPZA particularly supports companies in the technology, healthcare and business services sectors. The CAPZA group has around fifty employees distributed between Paris, Munich, Madrid and Milan.
1 CAPZA (formerly Capzanine) is the trading name of Atalante SAS, a portfolio management company approved on 29/11/2004 by the French financial markets authority (AMF) under number GP-04000065. 2€4 billion as at 30 June 2020, of which assets advised by Artemid SAS and managed by a third party – based on valuations at the end of March 2020 and taking into account fundraising in the first half of 2020.3The funds in the CAPZA Transition range are managed by the portfolio management company CAPZA and advised by CAPZA Transition SAS, which has the status of Financial Investment Advisor and has been registered with ORIAS under number 18001601 since 23/03/2018. 4The funds in the Artemid range are managed by the portfolio management company CAPZA as well as a third-party portfolio management company and are advised by Artemid SAS, a joint subsidiary of CAPZA and Amiral Gestion. Artemid SAS has the status of Financial Investment Advisor and has been registered with ORIAS under number 14003497 since 28/05/2014. 5CAPZA acquired Time for Growth, an independent management company registered with the AMF under number GP-18000017. The company and its staff of six will soon be merged with CAPZA.
More information: https://capza.co Twitter: @Capza_co
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