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New Deal


Announced

Completed

Ardian acquired a majority stake in Trustteam from Naxicap Partners.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Single Bidder

Friendly

Private

it solutions

Private Equity

Belgium

IT Services: Other

Completed

Majority

Synopsis

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Ardian acquired a majority stake in Trustteam, an information and communication technology provider based in Belgium, from Naxicap Partners. Financial terms were not disclosed. Arnaud Dufer, Head of Ardian Expansion France, said: “We have been impressed by Trustteam’s track record and ambition to consolidate the business both in Belgium and in France. Indeed, Trustteam operates in a highly fragmented market which presents a number of build-up opportunities. The transaction fits perfectly with the investment strategy of Ardian Expansion which has a strong expertise in the implementation of ambitious Buy-and-Build strategies.”

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