EQT Partners’ Automic to acquire Paris-based ORSYP

Automic, a portfolio company of EQT Partners, is planning on buying ORSYP SAS. No financial terms were disclosed. Harris Williams & Co. is serving as financial advisor to ORSYP on the transaction. Based in Paris, ORSYP, which is backed by Argos Soditic, is a provider of IT automation and optimization solutions.

PRESS RELEASE

LONDON, May 01, 2014 (BUSINESS WIRE) — Harris Williams & Co. , a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces that it is acting as exclusive financial advisor to the shareholders of ORSYP SAS (ORSYP), on its planned sale to strategic buyer Automic, a portfolio company of EQT Partners. ORSYP is a worldwide provider of IT automation and optimisation software and portfolio company of Argos Soditic. The transaction is being led by Technology, Media & Telecom (TMT) Group bankers Thierry Monjauze , Jonathan Organ and Sylvain Noblet from Harris Williams & Co.’s London office along with Tyler Dewing from the firm’s Boston office.
“Automic is a great strategic partner for ORSYP, and together, the combined business will create one of the world’s leading workload automation specialists,” said Thierry Monjauze , head of Harris Williams & Co.’s London office and a managing director in the firm’s TMT Group . “We look forward to witnessing the business execute its growth initiatives over the coming years.”
Founded in 1986 and headquartered in Paris, ORSYP is the IT operations specialist for automating and optimising the performance of business systems. Its transformational software is designed for the most demanding IT environments, wins back time every day and is supported by deep expertise that is trusted by 1,000 blue-chip clients worldwide.
Argos Soditic is an independent European private equity group with offices in Paris, Milan, Brussels and Geneva. Since its creation in 1989, Argos Soditic has carried out more than 60 transactions focusing on management buy-outs and buy-ins in small and medium-sized companies. The funds managed by Argos Soditic typically take majority stakes ranging from €10 million to €60 million in companies with revenues of €20 million to €400 million.
Automic is the world’s most comprehensive platform for automating businesses. Founded in 1985, Automic pioneered the largest, independent, globally deployed automation platform which powers enterprise, application and infrastructure processes.
Harris Williams & Co. ( www.harriswilliams.com ), a member of The PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide. The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.
Harris Williams & Co.’s TMT Group has experience across a broad range of sectors, including software, internet and digital media and infrastructure solutions. Within these segments, the TMT Group focuses on targeted subsectors including application software, data and informatics, eCommerce, education technology, energy technology, financial technology, healthcare IT, infrastructure software, IT and tech-enabled services, mobile, online advertising and marketing services, public sector software and telecom, data center and networking solutions. For more information on the firm’s TMT Group and other recent transactions, visit the TMT Group website.
Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is authorised and regulated by the Financial Conduct Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.