Paris, 6th April 2015 – Solving Efeso International (SEI), listed on the Alternext market, is a global leader in corporate strategy and operational performance improvement consulting, announces the acquisition of Empact. With its 450 employees with 45 different nationalities, Solving Efeso International serves world leaders in their sectors on a global scale across 26 countries.
Empact is a Brussels-based consultancy firm specialised in supporting the operational implementation of change resulting from strategic reviews. Created in 2004 by four founding partners, the Company expanded rapidly by working with major accounts, primarily in the service industry. In 2014, EMPACT realised a turnover of €8.2 million and EBITDA of €2.2 million.
This operation is the most significant M&A transaction completed by Solving Efeso International since 2007, and which follows five other successful acquisitions made in recent years.
The transaction covers the entire share capital and voting rights in Empact and is partly financed by a €5 million share capital increase in Solving Efeso International (“the Group”) reserved for Empact shareholders. Empact’s Management reinvest 50% of the transfer price.
The transaction will be finalised by the Solving Efeso International share capital increase set to take place by 31 May 2015 at the latest.
Filippo Mantegazza, Chairman of Solving Efeso International, commented, “We are delighted with this acquisition. We are pleased to welcome Empact’s employees who share our business model and our culture. Together we will be taking a new structuring step forward in our development to consolidate our distinctive range of services, diversify our client base and expand our geographic footprint.”
About Argos Wityu (www.argos-soditic.com):
Created in 1989, Argos Wityu is an independent European Private Equity firm with offices in Milan, Paris, Geneva and Brussels. Argos Wityu focuses on management buy-outs, buy-ins, Bimbo, spin-off, in small and medium sized companies. The group of funds managed by the firm typically take majority stakes ranging from €10m to €60m in companies with revenues of €20m to €400m. Since its creation, Argos Wityu has carried out more than 60 transactions focusing on management buy-outs and buy-ins in small and medium companies.
The firm has developed a track record of unusual, complex and off-market transactions where the firm’s combination of local presence and international experience is able to add value to the small and medium-sized businesses it invests in. The fund Argos Wityu VI (€400m) raised in 2011 has allowed the realization of 9 transactions as of today.
About Solving Efeso (www.solvingefeso.com):
Solving Efeso International is a global leader in corporate strategy and operational performance improvement consulting and is positioned as a niche specialist, capable of providing unique long-term support. Created in 2007 as a result of the merger of two leading niche corporate consultancy firms, the Solving International Group employs a workforce of more than 450 consultants and is established in 26 countries (Europe, Middle East, Asia and North and South America).
About Empact (www.empact.be):
Empact is a Brussels-based consultancy firm specialised in supporting the operational implementation of change resulting from strategic reviews. It was created in 2004 by four founding partners who built a model that responds to the changing market. The Company expanded rapidly by working with major accounts, primarily in the service industry.
Solving Efeso International:
- M&A: Clairfield International (Antoine Van Den Abeele)
- Legal: Fuchs Cohana Reboul (Guillaume Reboul, Olivier Mourain), Liedekerke (Damien Conem, Fanny Guilbert)
- Financial / Fiscal: BDO (Alexander Veithen, Werner Lapage)
- Communication: Antoinette Darpy
- M&A / Financial: Arganto (Cédric Deiber)
- Legal / Fiscal: Eubelius (Erwin Destuyver, Wouter Claes)
- Solving Efeso International: Filippo Mantegazza (CEO)
- Argos Wityu: Louis Godron (Partner), Richard Reis (Associate)
- Press: Stéphanie Lafitte, tél. +33 1 53 67 20 50, firstname.lastname@example.org