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Crédit Agricole Private Equity acquires a stake in Groupe SVP, a services company for businesses and local authorities
Crédit Agricole Private Equity has acquired a stake in Groupe SVP, a services company for businesses and local authorities, as part of a majority LBO in association with the management team. Crédit Agricole Private Equity is investing €22.65 million in the deal.
Groupe SVP develops a range of services to help businesses and local authorities with the management and development of their activities. It has four main business lines: personalised professional information and help with decision-making (SVP), legal information for client relations (BusinessFil), payroll and HR management (e-Paye), and skills development (Agif).
Operating in a market fuelled by the growing need among SMEs and local authorities for outsourcing in complicated areas, often impacted by regulatory changes, the Group has established itself as the market leader in providing support for decision-makers at businesses and local authorities.
Groupe SVP generated sales of around €50 million in 2010. It has over 450 employees in France and around 9,000 clients (businesses, local authorities, advisory professions). Its registered office is in Saint-Ouen (France).
The aim of the deal is to create a long-term partnership between management and the new shareholder in order to support the company's organic growth and step up its rate of expansion through acquisitions.
Olivier Lenormand, the Group's Chairman and Chief Executive Officer, states: "The collaboration of Crédit Agricole Private Equity fits in fully with our desire to find a partner to support us in our expansion. We have two main focuses: to strengthen our position in our existing business lines - primarily thanks to our new services such as sector summaries or updates - and to increase in size via targeted acquisitions in the markets in which we operate".
Bertrand Tissot, Director at Crédit Agricole Private Equity, comments: "We are delighted to be working with Groupe SVP in its dynamic growth strategy. The Group has a unique position in its market thanks to the diversity and renowned quality of its services, with the backing of an experienced management team".