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
KPMG Romania and Spherik Accelerator team up to support startups

The Romanian unit of international consultancy KPMG and Spherik Accelerator said they have launched Startup Growpad, a programme designed to support local startups.

 Read Full article »
Recruitment, retention and professional development of employees in the context of major changes in outsourcing

The Business Service Leaders Association (ABSL) organizes on May 24, 2018, at Ramada Hotel in Iasi, the conference "How HR Practices evolve in a period of major changes in outsourcing Industry". The third editi

 Read Full article »
Comdata acquires CCA International, deal should be finalized in June

After the acquisition, mid-2017, and the successful integration of B2S (now Comdata France), the Comdata group signed, yesterday, an agreement on the acquisition of CCA International, the company says.

 Read Full article »
ABSL Romania is offering 30 scholarships every year for postgraduate studies

Business Service Leaders Association Romania (ABSL) annually offers 30 scholarships in the Business Services Master program for young people wishing to pursue a career in the outsourcing industry. As a result o

 Read Full article »
Portland Trust and Ares Management LP have sold the suburban office park, Oregon Park, to Lion's Head Investments

Lion's Head Investments makes its first steps into the Romanian real-estate market and announces the acquisition of Portland Trust's and Ares Management's Oregon Park project, which consists of three class A Of

 Read Full article »
Amazon creates more than 650 new permanent jobs in Bucharest

Amazon and Amazon Web Services (AWS) today officially opened a new Corporate Office and Technology Development Centre in Bucharest and announced the creation of more than 650 permanent, technology-focused and c

 Read Full article »
Portland Trust's Oregon Park in Bucharest wins CEEQA's "Overall Building of the Year SEE"

Portland Trust, a commercial real estate developer and asset manager headquartered in Prague, announcesd that Building B at its Oregon Park office complex in the Romanian capital of Bucharest won the 2018 CEEQA

 Read Full article »
US Kellogg's opens new division at Bucharest

The US-based multinational food producer company, Kellogg's announced that it will create 50 jobs at its Bucharest centre by the end of 2018, by opening a new division at the Bucharest centre. The new positions

 Read Full article »
Techsylvania 2018 lines up powerful tech specialists at Cluj-Napoca between June 9-12

Techsylvania is the leading technology event in Eastern Europe, built to revitalize the local tech community through high-quality information delivered by worldwide experts in the IT&C industry. Engineers, deve

 Read Full article »
Accenture names Gianrodolfo Tonielli in the position of Country Managing Director in Romania

Starting May 2018, Gianrodolfo Tonielli takes over the position Country Managing Director of Accenture Romania, the company announced.

 Read Full article »
 
 
MOST READ ARTICLES
» The most appreciated companies from th...
» ROMANIAN OUTSOURCING AWARDS FOR EXCELL...
» DTZ: Office demand outside Bucharest t...
» Molson Coors started to grow its busin...
» Capgemini to open new office at Suceav...
» Romania, Europe's third and world's 13...
» Committed to growth
» EXCLUSIVE: ABSL Timisoara - BPO and SS...
» Romanian software group expands to Bul...
» Genpact's COO: Staying ahead of the cu...
 
EDITOR CHOICE
The need of the industry to stay effective and relevant

In the current context of machinery and AI helping on operational processes of a company, with extended applicability in terms of capabilities, the digital context in which professionals, organizations and busi

 Read Full article »
We meet again at OT Learning & Development on June 7th

The Second Edition of OT Learning & Development roundtable will be held on June 7, 2018 at InterContinental Hotel Bucharest. The event brings together the business services professionals to discuss and discover

 Read Full article »
The Outsourcing industry announces its winners at Romanian Outsourcing and Shared Services Awards, 2018 edition

Last night, Outsourcing Today and the Diplomat-Bucharest awarded the performance and excellence in business at the 4th edition of Romanian Outsourcing and Shared Services Awards ceremony, organized at Radisson

 Read Full article »
Ciprian Dan, Wipro BPS: The industry needs to take a more sophisticated turn

According to Ciprian Dan, Location Head at Wipro BPS, the language skills have not ceased to remain one of the competitive advantages for our market but to relate to this advantage as the sole plus is risky on

 Read Full article »
Olga Botusan, Stefanini: There is a huge need to develop particular skills for specific areas

Stefanini is a company strongly involved in the business shared industry not only for creating the demand for workforce and hiring but also for the programs developed in order to specialize the needed professio

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