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
A.T. Kearney: The widening impact of automation impact the business model of outsourcing

According to a recent article of A.T. Kearney and based on the findings of Global Services Location Index for 2017, the developing nations have long enjoyed the economic benefits of other countries' offshoring.

 Read Full article »
Freelancing – a solution to staff shortages for companies

According to Smartree Romania, a leading provider in Romania of outsourcing payroll services and personnel administration, freelancing has become more present among Romanians lately. Working with freelancers ca

 Read Full article »
Kaspersky Lab: Targeted attacks on radar for industrial organisations

Of the industrial companies that participated in the IT Security Risks Survey , every fourth has faced a variety of cyberattacks. Worryingly, one of the fastest growing types of threat among the multitude targe

 Read Full article »
E-commerce: Romanian companies sell online on their own, above EU average

A share of 16 percent of all enterprises located in the EU and employing at least 10 people received orders via a website or apps (web sales) in 2016, Eurostat reveals. At the same time, more than 8 in 10 enter

 Read Full article »
FAB LAB Iasi nominated at CEE Shared Services and Outsourcing Awards in Warsaw

Iasi city, in Eastern Romania, together with Conduent company and FAB LAB IASI project have been nominated at CEE Shared Services and Outsourcing Awards, to take place at Warsaw at the Hotel Intercontinental o

 Read Full article »
Endava and Velocity Partners announce merger to become truly global IT player

The merger between Velocity Partners, an innovative software development company with a strong presence in Latin America, and Endava, a global technology company with a sustained consistent growth and offices a

 Read Full article »
ACADEMY+PLUS: The partnership with private sector enables the forming of IT specialists meeting market demands

ACADEMY + PLUS, the free programming school, officially opened its activity in Bucharest. The inauguration takes place in partnership with the private sector and aims to train 140 IT specialists within the fram

 Read Full article »
Colliers: The availability of workforce influences the outsourcing companies' demand for office spaces

The demand for office space for the BPO / SSC sector in four major CEE cities - Wroclaw, Lodz, Krakow and Sofia - accounted for 60 per cent of the total demand in the first semester, while in Bucharest this was

 Read Full article »
Atos proposes to acquire Gemalto to create a global leader in cybersecurity, digital technologies and services

Atos. a global leader in digital transformation, announces that it has made a formal proposal to acquire Gemalto by way of a public offer for all of Gemalto issued and outstanding shares

 Read Full article »
Four companies represent Romania in Deloitte 2017 Technology Fast 500TM EMEA rankings

Trencadis, Tremend, APSISWARE and Qualitance represent Romania in this year's Deloitte's Technology Fast 500 rankings for Europe, the Middle East, and Africa (EMEA).

 Read Full article »
 
 
MOST READ ARTICLES
» ROMANIAN OUTSOURCING AWARDS FOR EXCELL...
» Romanian Outsourcing Awards for Excell...
» Molson Coors started to grow its busin...
» Romania's IT industry could grow at an...
» TELUS International: How customer serv...
» Capgemini to open new office at Suceav...
» ABB opens the first robotics training ...
» Comdata to buy four subsidiaries of Fr...
» Four companies represent Romania in De...
» Committed to growth
 
EDITOR CHOICE
TELUS International: Chatbots - The pros and cons of automated customer service

Learn what key factors to consider before introducing chatbots to your customer service strategy

 Read Full article »
Why AFI Tech Park is the best value for money office project in Bucharest(P)

Based on the insight that location is a strong criteria employees take into consideration when choosing their workplace, AFI Europe Romania is currently developing AFI Tech Park, the newest office destination i

 Read Full article »
Shifting the workplace perspective towards high-end added value

This month, OUTSOURCING TODAY organized The Workplace of the future in IT and Outsourcing at Caro Hotel Bucharest, a new concept event meant to connect fast-growing corporate tenants from IT and outsourcing ind

 Read Full article »
Andrei Romanescu, Managing Director of Veeam Romania: Outsourcing sector, a decade evolution

Since the early 2000s, this sector has grown at a significant rate (about 20-30% per year). The industry has evolved from focusing on cost and labour arbitrage to adding value – therefore the growth is not so

 Read Full article »
TELUS International Europe: Discover how successful smart-home providers deliver exceptional customer service

Key Takeaways

• Internet of Things (IoT) connected home devices are making the contact center and customer service more important than ever. • A friendly approach and positive attitude are import

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