Technology / Media & Telecoms
N.D.
France FR

Scope of intervention

Sycomore Corporate Finance acted as exclusive financial advisor to Missler Software and its management

Date of closing

December 2018
In December 2018, the management team of Missler Software (the “Company”, “Missler”), alongside a pool of financial investors, including Groupe Siparex (lead investor), Bpifrance and IRDI Midi-Pyrenees, announced the buy-out of the Company from its founding shareholders and iXO Private Equity. Following the transaction, Missler’s former managers will retain minority stakes in the Company.

 

Rationale

  • Ensure management transition of the Company under the leadership of its CEO, Richard Lamure
  • Strengthen and expand market positions internationally
  • Pursue external growth strategy in the fragmented market of software publishers and distributors
  • Broaden Missler’s software offering with the development of new business applications

Missler Software at a glance

Founded in 1984, Missler is a leading global supplier of CAD, CAM, and ERP solutions, generating consolidated revenues of €45 million and numbering over 300 employees in 2018.

Over the years, Missler has developed an extensive range of proprietary software under the brand “Topsolid”, which offer complete and integrated solutions for the design and manufacture of technical parts and modules mainly dedicated to the mechanical sector (machinery, tools, etc.) as well as to the metal and wood industries.

In addition to the sale of its licenses, Missler offers a large range of maintenance contracts and training programs to an extensive client base of SMEs-SMIs and large international groups (over 50,000 clients).

The Company’s activities are conducted through a network of 5 agencies in France (Paris, Lyon, Nantes, Toulouse and Nancy) in addition to an increasingly wide international distribution network in Europe, Asia, Oceania, Africa and North and South America.

Groupe Siparex at a glance

Established in 1972 by Dominique Nouvellet, Groupe Siparex is a France-based private equity firm focusing on small to mid-sized companies with revenues of up to €300 million as well as on start-up companies under its XAnge banner. The firm boats over €1.8 billion in AUM managed by its Midmarket, Mezzanine, Small Caps, and Innovation business segments.

Siparex operations are conducted through a network of offices in France (8 regional offices), in Germany and in Italy. In addition, the firm has developed strategic partnerships in Canada (€75 million fund co-managed by Siparex and Desjardins Capital) and in Tunisia (€20 million fund co-managed by Siparex and AfricInvest).

Siparex focuses on creating tailored solutions for start-ups to mid-sized companies and their managers in the following areas: Growth Capital, Minority or Majority Buyouts and Venture Capital. Among its investments: Plurima, NG Travel, Mathevon, SAS Eurpean Homes, Automobiles Ligier.