Paris (France), Novembre 20th 2020
Apax Partners Development has become the principal shareholder in DIAPASON, a software company providing solutions for cash, payment and risk management.
Apax Partners Development signed an agreement for a majority stake in DIAPASON. The company’s founder, Pascal Kravitzch, and its management team have also invested significantly in the deal.
DIAPASON designs software that meets the digital needs of financial organisations. The solution optimises cash management, automates and secures payments, and manages risk related to securities portfolios. The acclaimed, innovative software stands out for its significant customization capacity, meeting not only standard needs but also specific customer requirements.
Launched in 2009, DIAPASON soon became an industry leader, first with large groups both in France and internationally, then with companies of all sizes. Today DIAPASON has sales of just under €10 million with more than 60 employees, and its software has over 10,000 users in more than 50 countries.
Working closely with Apax Partners Development, the company aims to grow market share among large companies, and to expand business in the mid-market.
The group also intends to pursue international growth and make acquisitions in order to enlarge its customer base and gain access to new geographic areas.
Isabelle Hermetet and Bérenger Mistral, respectively Partner and Director at Apax Partners Development, stated: “With a highly experienced management team and a first-rate product, DIAPASON is already recognised as a market leader by large international groups. We are very pleased to support DIAPASON’s ambitious strategy. For faster growth the group intends to develop business with mid-market companies, and to acquire treasury management and related software providers.”
Pascal Kravitzch, founder and President of DIAPASON, added: “Apax Partners Development shares DIAPASON’s vision of market leadership.Based on its dominant position in its current market, there are numerous possibilities which need only be developed. In addition, we share basic values with the Apax Partners Development teams. We are pleased to have access to their expertise, which will allow us to grow at a faster rate while simultaneously ensuring a long-term perspective in the interest of our customers and ecosystem.”
Participants in the deal:
Apax Partners Development: Isabelle Hermetet, Bérenger Mistral, Antoine Desjeux, Paul Carrincazeaux
Buyer advisors
- Corporate lawyer: SVZ (Franck Sekri, Antoine Haï, Paul Tecklenburg)
- Finance lawyer: SVZ (Emmanuelle Vicidomini, Anne-Lise Derouet)
- Tax lawyer: SVZ (Thomas Verdeil, Sophie de Carne-Carnavalet)
- Financial due diligence: Odéris (Aurélien Vion, Nicolas Boucher, Noëlline Lemois, Sarah Foessel)
- Commercial due diligence: CMI (Simon Colboc, Nicolas Kandel, Mathilde Mailhé, Louis de Sallmard)
- Technological due diligence: CTO as a service (Frédéric Thomas)
- Other advisors: Exelmans (Richard Dahan)
M&A advisors
- Clairfield (Thierry Chetrit, Bertrand Hermez, Amaury de Cassan)
- Bryan Garnier (Thibaut de Smedt, Stanislas de Gmeline, Marc-Antoine Janny, Xavier de Fontaines)
Seller advisors
- Legal advisor: Iteanu (Myriam Ibghy)
Debt
- BPRI (Cécile Milliotte, Pierre Bonnet, Muriel Ho-Shui-Ling, Fanny Chen)
- CIC (Rémi Bruyelle, Fanny Chousterman, Marie-Cécile Tourtault)
- Crédit du Nord (Damien Demeslay, Kim Doll Nguyen)
About Apax Partners
Apax is a leading European private equity firm based in Paris. With over 45 years of experience, Apax provides long-term equity financing to build and strengthen world-class companies. Funds managed and advised by Apax exceed €4 billion. These funds invest in fastgrowing middle-market companies across four sectors of specialisation: Tech & Telecom, Consumer, Healthcare and Services
Paris-headquartered Apax sas (www.apax.fr) and London-headquartered Apax LLP (www.apax.com) have a shared history but are separate, independent private equity firms.
About DIAPASON
Founded in 1990, DIAPASON (formerly MCC) has provided financial software for more than 30 years. When the company began focusing on corporate treasury in 2009, the Diapason solution was born.
DIAPASON provides a software solution that meets the digital needs of financial management. The solution optimises cash management, automates and secures payments, and manages risk related to securities portfolios.
Diapason is the result of the innovative approach and values of the men and women who comprise the company: intellectual rigour and reliability, curiosity and customer service.
The software is used in more than 60 groups of all sizes, by more than 10,000 finance professionals in 50 countries.
www.diapason-treasury.com
@diapason_tr
Press contacts
Apax Partners Development
Lauren Bardet
Communication Director
+ 33 1 53 65 01 35
lauren.bardet@seven2.eu
DIAPASON
Olivier Rodrigues
+33 1 44 93 24 24
