Apr. 2016
LBO Small Cap

LBO France sells DCI Group to Naxicap

Paris, April 5 th, 2016 – LBO France and Capzanine today announced the sale of DCI Group to Naxicap Partners, which acquires a majority stake. DCI is a leading player in the integration of IT infrastructure solutions and is set to generate revenue of over €50 million in 2016.

Established in 1992 and based in Les Ulis, France, DCI is a benchmark in the IT integration market and offers a range of IT infrastructure solutions for mid-market and key account clients. Its offering focuses on four areas of expertise: security and compliance, unified communications, network and performance, data centers and virtualisation. DCI has a solid reputation underpinned by its diverse and innovative technological offering, strong partnerships with publishers and manufacturers and recognised quality of service.

With revenue of over €47 million in 2015, more than 150 employees and a network of four regional offices, DCI is one of the biggest independent infrastructure integrators in France. DCI’s business has seen average annual growth of more than 10% since 2012 thanks to its successful growth strategy with key account clients and the rollout of a managed services offering.

This majority LBO involves managers who have recently joined the group, including Fabrice Tusseau, appointed CEO in 2011 and President in 2014, who is increasing his stake. The transaction also marks the withdrawal of LBO France and Capzanine, which first invested in DCI in May 2011.

“After five years of DCI’s successful cooperation with LBO France and Capzanine, Naxicap Partners came on-board very quickly to carry out this operation at our sides. We particularly liked Naxicap Partners’ enthusiastic and confident approach to DCI’s development, which will be achieved, in part, through external growth operations.”Fabrice Tusseau, President of DCI.

“We were impressed by the company’s market positioning as well as its sales dynamic and the quality of the management team in place. Naxicap Partners will help the group leverage the many growth drivers that are available to it. We are particularly keen to help the management carry out acquisitions to extend the group’s geographic coverage and boost technological expertise, which are key criteria in clients’selection process.”Laurent Chouteau, Managing Partner, Naxicap Partners.

“We are proud to have worked with DCI over the past five years. As well as overseeing a period of uninterrupted organic growth, the management team has successfully secured new key accounts, rounded out its technical services offering and built up its teams. The company has almost doubled in size over this period, making it one of the biggest independent infrastructure integrators in France.”Arthur Bernardin, Managing Director, LBO France.

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About LBO France

As a key player in private equity with € 4.5bn of capital raised, LBO France is an independent company which has been supporting French companies in their growth for more than 30 years. Its strategy is based on four investment approaches in non-listed companies, managed by dedicated teams: (i) Mid Cap private equity via the White Knight funds, (ii) Small Cap private equity via the Hexagone funds, (iii) real estate via the White Stone and Lapillus vehicles, (iv) discounted debt. LBO France is 100% owned by its management and has more than 50 professionals.


Press Contacts

Citigate Dewe Rogerson

Aliénor Miens – Tel: +33 (0)1 53 32 84 77 – Mob: +33 (0)6 64 32 81 75 – alienor.miens@citigate.fr

Daiana Hirte – Tel: +33 (0)1 53 32 78 90 – Mob: +33 (0)7 60 90 89 12 – daiana.hirte@citigate.fr



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