Paris, March 18, 2022 – Sagard NewGen, Cathay Capital and Eurazeo via its Small-Mid Buyout team have signed an exclusivity agreement with a view to investing in DiliTrust alongside its management team led by Yves Garagnon and Nadim Baklouti.
Under the agreement, the consortium of investors would become the group’s core shareholder by investing more than €130 million, of which Eurazeo would invest €52 million.
Calcium Capital, which has been a financial investor in DiliTrust since 2017, is selling all of its stake.
With the DiliTrust Governance Suite, DiliTrust offers a unified and secure platform, composed of different modules to meet the growing digitalization needs of legal departments and governance bodies of large corporates, SMEs and public entities. The SaaS editor supports more than 2000 organizations in their efforts to automate processes, improve performance and protect their strategic and sensitive data. DiliTrust enables them to achieve these objectives, notably through a board portal for managing board meetings, as well as modules for managing legal entities and managing contracts and litigations.
In 2021, the group, which employs more than 160 people worldwide, achieved a turnover of nearly 20 million euros, half of which was generated internationally, with an increase of around 30% per year in recent years. Already present in France, Canada, Italy, the Middle East and Africa, DiliTrust has also strengthened its presence in Spain and expanded its operations in Latin America following the acquisition of Gobertia last year.
DiliTrust is continuing to expand by gaining new clients in France and abroad, and it intends to complement this expansion with an active buy-and-build strategy, with the support of its new financial partners. Cathay Capital, Eurazeo, Sagard NewGen and DiliTrust’s management team intend to leverage the company’s best-in-class skillset, strong reputation and robust underlying market growth in order to achieve their shared ambition of accelerating DiliTrust’s growth and build a global leader in legal and governance solutions.
Participants to the transaction:
Sagard NewGen: Guillaume Lefebvre, Agnès Huyghues Despointes, Martin Klotz
Cathay Capital: Jérémie Falzone, Felix Wang, Marion Prieur
Eurazeo: Benjamin Hara, Clément Morin, Claire Berthoux, Bastien Estival, Cécile Gilliet
Calcium Capital: Cédric Duchamp, Antoine Gravot
Financial advisors: Bryan Garnier & Co (Thibaut de Smedt, Stanislas de Gmeline, Jonathan Bohbot) and Natixis Partners (Nicolas Segretain, Romain Etienne)
Legal advisors: Hogan Lovells (Stéphane Huten, Pierre-Marie Boya) and McDermott Will & Emery (Grégoire Andrieux)
Financial due diligence: Eight Advisory (Stéphane Vanbergue, Victor Heilweck) and Alvarez & Marsal (Jonathan Gibbons, Samih Hajar)
Strategic due diligence: Roland Berger (Cyrille Vincey, Mouhsine Aguedach) and Kearney (Julien Vincent, Hadi Benkirane, Hugo Khelifa)
Legal, fiscal and social due diligence: Hogan Lovells (Stéphane Huten, Pierre-Marie Boya)
IT due diligence: Make it Work (Frédéric Thomas), EPAM (Philippe Trichet, Neil Holton) and I-Tracing (Michel Vujicic)
Seller financial advisors: Macquarie Capital (Fady Lahame, Guillaume Basini)
Seller legal advisors: FTPA (Bruno Robin, Charles-Philippe Letellier) and Viguié Schmidt et Associés (Fabrice Veverka)
Seller financial due diligence: PwC (Philippe Serzec, Manil Bengana)
Management advisor: Axance Finance & Development (Antoine Rimpot)
As a SaaS solution provider for over 25 years, DiliTrust offers its DiliTrust Governance suite dedicated to corporate governance and the secure sharing of sensitive and confidential data. This unified and ultra-secure platform is designed for legal departments and governance bodies. It includes various complementary modules, notably for the digitization of bodies, the management of legal entities, contracts, litigation and disputes.
DiliTrust has more than 2,000 customers in some 50 countries. Major groups in Europe, North America, Africa and the Middle East trust DiliTrust, including: Almarai, AccorHotels, Ecobank, Royal Bank of Canada, BNP Paribas, Bouygues, Caisse de Dépôt et de Gestion du Maroc, Campari, Capgemini, Carraro, Commercial Bank of Dubai, Desjardins Capital, EDF, Engie, Eutelsat, Geox, Ingenico, Koç, Loto-Quebec, LVMH, Luxempart, Renault, Groupe Robert, SNCF, Société Générale, Transports de Montréal, Tereos, UNICEF, Veolia, City of Montreal and Vivendi
PRESS CONTACT: Tahiana Tissot ([email protected] – +33 1 42 91 92 41)