Argos Soditic Acquires Sage Subsidiaries

Argos Soditic has completed the acquisition of four Sage subsidiaries which specialize in software edition for vertical markets, three in France and one in Spain. The transaction consists of four simultaneous spin-off transactions. Carried out without leverage, the aim is to accelerate growth.

PRESS RELEASE

Following the period of exclusivity begun last February, the Argos Soditic funds have completed the acquisition of 4 Sage subsidiaries which specialize in software edition for vertical markets, three in France and one in Spain.
The transaction consists of four simultaneous spin-off transactions in four MBO configurations alongside the team of each of the companies. Carried out without leverage, the aim is to accelerate growth.
Wishing to re-centre its strategy on its core business, the Sage Group, specialized in management software (ERP), has sold four units specializing in the development, sale and maintenance of business oriented management software:
C&I, software intended for social housing organizations, local authorities and real estate developers which becomes Salvia Développement
Activité Automobile, software for automobile dealers, the distribution networks and automobile repairers, which becomes I’Car Systems
ATL, which will be known as Akanea, and addressed the food industry sectors, transport, logistics and customs services
Aytos, administration resource planning and electronic administration products for Spanish local authorities
Antoine Henry, Managing Director of Sage in France comments: « A new page is being written for Sage and for these units. I am pleased that this transaction will enable them to benefit from new means for developing and expanding, and I am proud that four entrepreneurs have risen from our ranks. After a number of years of collaboration, I am delighted to be able to count, in the future, on the Sage ecosystem, the ensemble of collaborators with whom we have worked closely. »
The transaction undertaken by Argos Soditic alongside the four teams will allow each entity to recover its autonomy, both strategic and operational and provide new momentum for attaining the development objectives which have been set. Argos Soditic aims at accelerating the growth of these activities, both by way of organic growth and through acquisitions.
Françoise Farag (Salvia Développement), Philippe Almouzni (I’Car Systems), Philippe Grassi (Akanea) and Juan-Miguel Aguilar (Aytos) comment: « This is a new step in the life of our enterprises which, together with our teams and our boards of directors, we tackle with plenty of enthusiasm and passion in the service of our clients. This opportunity permits us to enroll in a strategy of conquest and reinforcing of our positions in our respective markets, be they within our national territories or overseas. »
« We have been impressed by the quality of the teams, by their enthusiasm and their motivation for the project, and are happy to be able to accompany them in the development of their enterprises. By the complexity of the realization of these four simultaneous spin-off transactions, as well as by the emphasis put on growth, this project is a good illustration of the philosophy and know-how of Argos Soditic » adds Karel Kroupa, a Partner in Argos Soditic.
Contacts Argos Soditic – Karel Kroupa (Partner), Frédéric Quéru (Associate), Nicolas Trani (Associate)
Advisors Purchasers : Financial Audit : Ernst & Young – Pierre Jouanne and Gino Poggiali Legal Audit : Marvell – Rémy Blain, Fabrice Bouquier and Monyvan Chan Fiscal Audit : Arsène Taxand – Franck Chaminade and Emilie Foy Sellers : M&A : KPMG – Marc Wyatt, Guillaume Cauchoix, Nicolas Pirot Legal : Allen & Overy – Alexandre Ancel, Frédérique Dugué and Sandra Clapaud Legal Social : Actance – Loïc Touranchet, Elise Anisten Managers : Legal & fiscal : McDermott Will & Emery AARPI – Bertrand Delafaye, Kamal Naffi, Estelle By, Antoine Vergnat et Emilie Renaud
Press contacts : Argos Soditic – Céline LANOUX – clanoux@argos-soditic.com – Tel. +33 1 53 67 20 50 Sage – Pely MENDY – pely.mendy@sage.com – Tel. +33 1 41 66 22 15
About Argos Soditic
Argos Soditic is an independent European private equity group with offices in Paris, Milan and Geneva. Since its creation in 1989, Argos Soditic has carried out more than 50 transactions focusing on management buy-outs and buy-ins in small and medium sized companies. Argos Sodtic typically takes majority stakes ranging from €5m to €50m in companies with revenues of €20m to €400m. With €675m under management for MBO (€400m for the last fund), the firm has developed a track record of unusual, complex and off-market transactions where the firm’s combination of local presence and international experience is able to add value to the small and medium sized businesses it invests in. This is the 4th acquisition for Fund VI. www.argos-soditic.com
About Sage
Sage Group plc is a leading global provider of business management software to small and medium sized companies, creating greater freedom for them to succeed. Sage understands how and why each business is unique. We provide products and services that suit varying needs, are a pleasure to use and are secure and efficient. Formed in 1981, Sage was floated on the London Stock Exchange in 1989 and entered the FTSE 100 in 1999. Sage has over 6 million customers and more than 13,500 employees in 24 countries covering Europe, North America, South Africa, Australia, Asia and Brazil.
Antoine Henry is CEO Sage France.