mynth
01/2016

ACOLAD acquired by NAXICAP PARTNERS

FRANCE Facility Management / BPO & Outsourcing / Document Management REV 10M - 30M EUR

Context

Naxicap Partners has finalized the acquisition of a majority stake in Technicis (now Acolad), executing a primary leveraged buyout (LBO) alongside the company's Chief Executive Officer. The transaction structure involved a significant equity reinvestment from the CEO to align leadership incentives with the group's upcoming strategic milestones. The acquisition's financial engineering relies on a blended debt package comprising both senior and mezzanine credit facilities arranged to fund the buyout and establish a stable capital architecture for the company's next operational cycle. Following the closing of the transaction, the historical founder has exited their majority position, while the management team retains a structured minority equity interest. The investment thesis centers on scale-driven geographical diversification and cross-border consolidation within the highly fragmented language services and content management landscape. By backing the executive team, Naxicap Partners intends to transform the regional market leader into a dominant international platform. The post-closing strategic roadmap focuses on accelerating capital expenditure to fuel an aggressive and systematic international build-up strategy.

ACOLAD, which reported an EBITDA margin of LOGIN in 2015, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Business Services sector (11.1x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Acolad is one of Europe's leading providers of professional language services. The French company offers a full range of services, including translation, interpreting, and language training. The group has implemented a dynamic external growth strategy to consolidate a fragmented language services market, developing a platform that combines local presence with international reach. The group is particularly recognized for its specialized expertise, enabling it to serve a diverse clientele across numerous sectors.

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Historical Financials (EUR)

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Other operations with ACOLAD

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
DateAcquirerTargetCountrySectorDeal Context
10/2020ACOLADAMPLEXORLUXEMBOURGFacility Management

Acolad Group has entered into a definitive agreement to acquire 100% of Amplexor, executing a transformative consolidation within the global language services and content management industry. The tie-up creates an international heavyweight, with the combined group's headcount set to surpass 2,000 employees globally. Strategically, the transaction significantly expands Acolad’s geographic reach into the United States, Eastern Europe, and the DACH region, while unlocking immediate cross-selling opportunities by embedding Amplexor’s advanced digital experience solutions into Acolad's network

08/2019QUALIUMACOLADFRANCEFacility Management

This transaction involves a secondary LBO whereby Qualium Investissement has signed a share purchase agreement to acquire a majority stake in Acolad from Naxicap Partners, concluding a formal sale process managed by Lazard. The financial engineering of the transaction features a balanced governance and equity structure: while Qualium secures a narrow capital majority, Acolad’s CEO, Benjamin du Fraysseix, alongside his family, executes a substantial equity rollover, effectively retaining ultimate voting control within the newly formed holding structure

07/2019ACOLADLIVEWORDSNETHERLANDSFacility Management

Acolad group finalized the 100% acquisition of the Dutch company Livewords from the private equity fund Bencis, which had held the asset since spring 2016. This major cross-border build-up transaction enables the acquirer to establish a direct presence in the Netherlands by absorbing the target’s three local offices and 180 employees. Financially, this combination propels the group past the symbolic milestone of 1,000 employees worldwide, with a projected pro forma revenue of over €160 million for the year 2019, significantly scaling up from the €37 million revenue recorded by Livewords in 2018

REFERENCES

Revenue range: 10M - 30M EUR

EBITDA range: 0M - 5M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of ACOLAD by NAXICAP PARTNERS are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Target: acolad

Acquirer: naxicap partners