Latest News  

Comdata to buy four subsidiaries of French Izium Group

Comdata, the leading Italian company for outsourcing of contact center, help desk, back office, credit management and document management services, controlled by Carlyle private equity firm, announced yesterday it has signed an agreement to buy four subsidiaries of French Crm and Bpo leader Izium group.

2017-06-10 10:31:51

The deal is valued about 200 million Euro, according to sources on the market.

Maxime Didier, Izium Group's founder and chairman, will reinvest in Comdata with an 11 per cent stake joining Carlyle (82%), Comdata's chairman Enrico Saraval (6.5%) and the management. The dealis expected to close by the end of August.

The acquisition inclused 100 per cent of BCust, Colorado Conseil and Cms, operating respectively in technological solutions, Crm advisory and B2B credit collection, and of 100 per cent of B2S, a leading player in France in Crm services, with presence in Marocco and Madagascar. The four companies reached cumulative revenues of 180 million euros in 2016 and employ about 6 thousand people.

Comdata also refinanced its debt with 400 million euros of new lines issued by international banks and credit funds, MF Milano Finanza wrote recently.

Led by CEO Massimo Canturi, Comdata is developing an active m&a strategy. Last May the group acquired Spanish group Overtop Projects (see here a previous post by BeBeez). That acquisition was made through Spanish group Digitex,which in turn had been acquired by Comdata in February 2016 ( see here a previous post byBeBeez). In July 2016 Condata had instead acuired Turkish group Win Bilgi Iletisim (see here a previous post by BeBeez).

With more than 36k employees and more than 400 customers in 14 countries, Comdata Group had reached 570 million euros in revenues in 2016 thanks to Digitex's deal.

"Thanks to this acquisition we will reach more than 750 million Euro in pro-forma revenues this year and become one of the five Crm and Bpo leaders in Europe", Mr. Canturi said.

Carlyle had acquired control in Comdata in December 2015, buying the group out from Altair Sistemi informatici, a holding company owned by Mr. Saraval (back then owning an 85 per cent stake in Comdata) and from Synergo sgr private equity firm (15%). After that deal, Carlyle owned a 90 per cent stake, Mr. Saraval remained with a 7.5 per cent stake and the management owned the remaining 2.5 per cent, with Mr. Canturi who was confirmed as Comdata's CEO.


1 COMMENTS ^ Go back to Top

papaya48: on 2017-06-29 17:44:49
Good article, very useful
WRITE A COMMENT ^ Go back to Top
 
Your email address will not be published.
Nickname
Email
Comment
Validation Code
   
 
 
NEWS
SAP becomes first European tech company to create ethics Advisory Panel for Artificial Intelligence

SAP announced its guiding principles for artificial intelligence (AI) and its creation of an external AI ethics advisory panel – the first European technology company to do so. The panel, comprised of experts

 Read Full article »
DB Global Technology marks five years of activity in Romania

DB Global Technology, Deutsche Bank's technology center in Bucharest, celebrates five years of activity in Romania, the company announced.

 Read Full article »
US giant Apple officially registers company in Romania

American technology producer Apple officially registered a company in Romania, Apple Sales Romania SRL, controlled by Apple Distribution International and Apple Sales, both companies being registered in Ireland

 Read Full article »
Oracle Corporation registers 9.2 billion USD in revenues for 2019's first quarter

Oracle Corporation announced fiscal 2019 Q1 results, with total revenues of 9.2 billion USD, up 1 per cent in U.S. dollars and up 2 per cent in constant currency, compared to Q1 last year.

 Read Full article »
UiPath raises 225 million USD Series C Led by CapitalG and Sequoia

UiPath, the leading Enterprise Robotic Process Automation (RPA) software company, has closed its series C funding raising 225 million USD at a valuation of 3 billion USD. The round was co-led by existing inves

 Read Full article »
Xerox launched sales and marketing program for its partners

Xerox has launched in Romania the Xerox Global Partner Program to help its partners diversify their sources of profit and strengthen their customer relationships in the context of the growth of small and medium

 Read Full article »
Local IT services and software market marks under expectations growth in 2017, ANIS says

Domestic software and IT services market in 2017 rose only 2.1 per cent over the previous year to reach 975 million Euro, a growth rate under expectations, according to the most recent study conducted by ANIS s

 Read Full article »
Bitdefender secured direct presence in Australia by taking over local peer SMS eTech

Romanian security technology company Bitdefender said on September 11 it has acquired Australian peer SMS eTech, as part of its strategy of globally expanding in the consumer and enterprise segments.

 Read Full article »
Romanian employers forecast the strongest hiring pace in more than ten years

Fourth-quarter hiring plans are the most optimistic in Europe, on a par with Slovenia, and among the top 5 most optimistic globally, according to ManpowerGroup Employment Outlook Survey for the October – Dece

 Read Full article »
Oracle Academy expands offering with personalized learning resources and AI curriculum

Oracle Academy announced new curriculum offerings and learning modules to advance computing education globally.

 Read Full article »
 
 
MOST READ ARTICLES
» ROMANIAN OUTSOURCING AWARDS FOR EXCELL...
» Molson Coors started to grow its busin...
» French energy operator Total opened su...
» Capgemini to open new office at Suceav...
» Leoni to open new SSC in Cluj, cut job...
» The Outsourcing industry announces its...
» Luxoft expands Asia Pacific presence w...
» Genpact's COO: Staying ahead of the cu...
» Olga Botusan, Stefanini: There is a hu...
» LeasePlan to open service center in Bu...
 
EDITOR CHOICE
Vivek Bakshi, keynote speaker at People in Shared Services & Outsourcing Forum on October 18, at Bucharest

As a GM for the European Delivery Centers (Romania and Poland international locations) tasked with leading the growth and profitability of one of the most dynamic industries with a focus on customer service is

 Read Full article »
Tom Hobson, at People in Shared Services & Outsourcing Forum on October 18, at Bucharest

People in Shared Services & Outsourcing Forum brings in new top speakers starting with the Global Operations & Business Transformation Executive Tom Hobson, GM of ADP Romania.

 Read Full article »
People in Shared Services and Outsourcing Forum takes place on October 18th in Bucharest

Outsourcing Today, the integrated communication platform of for the business services sector, together with The Diplomat-Bucharest, kick off the autumn series of events on October 18, at Caro Hotel Bucharest, w

 Read Full article »
The outsourcing industry needs early and better educated graduates

In terms of development of business shared industry in Romania, the industry might face a need of doubling the current pool of employees, estimated now at roughly over 120.000 people, according to number estima

 Read Full article »
Francesca Postolache, PwC: In the digitally transformed work and living environment, it is essential to keep up with the present and future

It is important to educate and develop ourselves, in the digitally transformed work and living environment and to keep up with the present and future. We need to develop the ability to adapt for the future, say

 Read Full article »
Latest News  
 
about us | newsletter | contact | members area | GDPR policy
Copyright © 2015 by Diplomat Media Events Design by Diplomat Media Events