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Omnes Capital backs Groupe SVP’s acquisition of Groupe Synesis

Groupe SVP has bought Groupe Synesis, a professional training and translation business with operations in Montréal and other locations in Québec. The financial details of the deal were not released. Groupe SVP, a Saint-Ouen, France-based specialist in operational support for businesses and local authorities, said the acquisition has established its presence in Canada and will serve as a platform for continued expansion in North America. It was backed in the transaction by French private equity firm Omnes Capital, which has held an investment stake in the company since 2011.


Groupe SVP pursues international expansion and refinances its acquisition debt with the support of Omnes Capital


Groupe SVP, a specialist in operational support for businesses and local authorities, has established its presence in Canada with the acquisition of professional training and translation specialist Groupe Synesis.

Groupe SVP is also carrying out the refinancing of its acquisition debt taken out in July 2011 and proceeding with repayment of the debt carried by IFE and CM-CIC Private Debt.

This is being done with the support of Omnes Capital, which has held a stake in Groupe SVP since 2011.

Groupe Synesis was formed from the merger of training companies Versalys and CFC and translation company Documens. Owned by two Canadian entrepreneurs, Ugo Dionne and Wiseman, the company is a key player in Canada, having been present in the market for 35 years. It offers a comprehensive range of 900 IT, office automation, human capital, project management and business language training programmes. It has a team of 125 specialists, four offices and around 30 training venues in Québec, Montreal, Laval and Brossard. The company trains around 25,000 people each year and generates sales of CAD 10 million.

Via its subsidiaries, Groupe SVP offers a range of professional services in information and decision-making (SVP and BusinessFil), payroll management and HR (e-Paye), and training and skills development (Agif and Fym Conseil).

Based on Saint-Ouen, Groupe SVP works with more than 30,000 decision-makers at 10,000 businesses and local authorities. This acquisition will bring the company’s total sales to around €70 million in 2015.

This is the fifth acquisition by the company since 2005 and the first outside France, allowing Groupe SVP to take another step forward in its strategy for growth by establishing a foothold in North America. The company may add to its training offering for French clients and in return offer Versalys’ clients its summary and monitoring services, as well as certain management training programmes and virtual classrooms.

Olivier Lenormand, Chairman of Group SVP, comments: “We were attracted by Groupe Synesis’ dynamism and the entrepreneurial spirit of the people that run it – values that we share. The strategic fit between our activities will allow for rapid synergies in both France and Canada. This is our first acquisition outside France, demonstrating our desire to expand internationally. Other acquisitions will take place in the months ahead, in both Europe and the Americas.”

Bertrand Tissot, Partner at Omnes Capital, adds: “This acquisition in Canada is an important step forward in the life of Groupe SVP. Synesis undeniably constitutes a solid platform for future expansion in North America.”

Parties involved
Groupe SVP
Olivier Lenormand: Chairman
François de Laubier: Chief Operating Officer
Bertrand Degruson: Vice-Chairman
Omnes Capital
Bertrand Tissot, Partner, Midcap Buyout & Growth Capital
Mikaël Schaller, Investment Manager, Midcap Buyout & Growth Capital
Synesis acquisition
Cafa (SVP M&C advisory): Jacques Gagnier / Rios Mercier
Accuracy (Buyer finance due diligence): Nicolas Barsalou / Ghislain Richter
Langlois, Kronström, Desjardins (Buyer legal due diligence): William Hart / Isabelle Toupin
Langlois, Kronström, Desjardins (SVP legal advisory): William Hart / Patrick Naccache
Paul Hastings (SVP legal advisory): Mounir Letayf, Camille Bakouch
Hogan Lovells (Banks legal advisory): Sabine Bironneau, Sophie Lok
BNP Paribas: Virginie Gasnier, Bertrand Montfort
Palatine: Eric Lozé, Bénédicte d’Angelin
Crédit Agricole Ile de France: Alexis Rafidison, Constantin Kryvian, Violaine Delval
HSBC: Régis Barriac, Harimisa Rajaona, Keltoum Soussi
Crédit du Nord: Melanie Ancel, Fabrice Soisson
Caisse d’Epargne: Frédéric Courtin, Philippe de Oliveira, Julien Jonasson

Source: Omnes Capital SAS

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