Cathay Capital and Bpifrance have signed an agreement to acquire majority stake in global financial software company NeoXam from BlackFin Capital Partners.
The deal comes off the back of a sustained period of growth for Neoxam, a provider of data management and transaction solutions to financial institutions.
Over the past two years the firm’s €62.5 million revenue has increased by 25 percent and it has signed more than 32 deals and hired over 150 employees.
NeoXam’s executive committee, which is in close liaison with BlackFin, has chosen Cathay Capital due to its resources and ecosystem delivered in Europe, China, and US.
With these new partners, NeoXam’s management intends to leverage on the strong growth of the market and the technological assets of its data management, portfolio management system, and back office solutions to position the Group as global leader.
With the global footprint of Cathay Capital, Neoxam will develop its presence in key markets, particularly APAC and the US.
The final closing of the deal is expected at the end of May, terms of the transaction were not disclosed.
Commenting on the signing agreement, Serge Delpla, founder and CEO at NeoXam, said: “Our global business will undoubtedly benefit from the Cathay Capital network, particularly in China and North America, to continue to deliver world-leading financial solutions to our customers.”
Hervé Descazeaux, partner at Cathay Capital, added: “Through this partnership, our platform bridging three continents and the strong international experience of our teams, we hope that NeoXam can continue its impressive growth rate, and we can facilitate investment into research and development, so they can expand their offering.”
Laurent Bouyoux, chairman at BlackFin Capital Partners, commented: “We have been very supportive of Serge Delpla and the management in their ambitious geographical expansion strategy, which allowed Neoxam, initially France/Europe focused, to become a truly global player.”
Benoist de Saint Lager, investment director at Bpifrance, concluded: “We are looking forward to working with NeoXam’s team to help them grow and strengthen their leadership status in a European financial ecosystem we know well. Besides, we are pleased to partner once again with Cathay Capital.”
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