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Dechert Advises Solucom in its Acquisition of Audisoft Oxéa

05 Nov 2014

Dechert advised Solucom in its acquisition of Audisoft Oxéa. As per the terms and conditions of the agreement, Solucom acquired a 100% stake in Audisoft Oxéa, entirely financed in cash. This acquisition strengthens Solucom’s positions in the banking sector.

Indeed, Audisoft Oxéa is a management consulting firm that provides major players in the financial sector with support solutions designed to address the challenges they face in terms of performance, regulation, compliance, internal controls and risk management. The firm's current client portfolio includes financial institutions such as BPCE, Banque de France, Caisse des Dépots, BNP Paribas and Société Générale. With a staff of around thirty employees, Audisoft Oxéa generated full-year revenues of 4.5 million euro and posted a slight loss in 2013.

Solucom is a management and IT consulting firm. Solucom's customers are among the top 200 large companies and public bodies. For them, Solucom is capable of mobilizing and combining the skills of 1,300 staff members. Its mission statement is to place innovation at the heart of business lines, target and steer transformations that are sources of added value, and turn the information system into an actual asset designed to serve corporate strategies. Solucom is listed on Euronext Paris and Solucom shares are eligible for the 'PEA-PME' scheme.

Solucom was advised by Dechert on corporate aspects (Olivia Guéguen, partner, with the assistance of Klervi Dabo, Alexia Delahousse Amira Mnafek, associates) and on social aspects (Philippe Thomas, partner, with the assistance of Clémentine Saunier, associate).

Sellers were assisted by Fontaine Mitrani firm for management (Frédéric Fontaine, Guillaume Pouyet) and De Pardieu Brocas Maffei (Jean -Francois Pourdieu) for EPF Partners. The firm 3 E (Eugene Eisenberger, Helene Simon) acted as financial advisor to the sellers.

Matter Type
M&A: Acquiror's Counsel
Industry
Business services
News Category
M&A