Seventure Partners, Siparex and CM-CIC Capital PrivÃ©’s DSO Interactive, a French debt collection company, sold to Montefiore Investment; sale advised by N+1
Oct 7, 2015
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Browse: Home » Seventure Partners, Siparex and CM-CIC Capital Privé’s DSO Interactive, a French debt collection company, sold to Montefiore Investment; sale advised by N+1
Seventure Partners, Siparex and CM-CIC Capital Privé’s DSO Interactive, a French debt collection company, sold to Montefiore Investment; sale advised by N+1
· France · Financial Services · CM-CIC Capital Privé , Montefiore Investment , N+1 Private Equity , Seventure , Siparex
N+1 has announced it has acted as the sole financial advisor to the financial shareholders – Seventure Partners, Siparex and CM-CIC Capital Privé – and the management in the sale of DSO Interactive to Montefiore Investment. Founded in 2001 and initially positioned as the first intermediation platform between creditors and bailiffs, DSO Interactive has become a French leader in all segments of consumer bad debt collection, for third parties and for its own account. Since 2015, the group has also been present in the B2B debt market with the acquisition of Teotys, specialized in the management and collection of trade receivables. With an organic sales growth of ca. 10% per annum over the last years and the contribution of four add-on acquisitions over the past two years, DSO Interactive now records a turnover of more than €30mn. Montefiore Investment has qualified as the best shareholder for DSO Interactive through an auction process that was highly competitive until final stage, and shares with the management a common vision of the company’s strengths to take advantage of market opportunities: increase in the outsourcing of debt collection in all sectors, disposals of debts portfolios, massive corporate needs in receivables management, consolidation of a still fragmented market. “We are very pleased to have accompanied the shareholders of DSO Interactive in the reorganization process of the company’s ownership. The double business model of DSO Interactive, combining debt collection services to third parties and debt purchasing and collection for own account, is one of its main commercial strengths, but also makes the company complex to apprehend from strategic, operational, financial and accounting perspectives for a non-industrial buyer. We have devoted a lot of energy and care to explain DSO’s businesses to financial investors, together with their complementarities and synergies, their value creation potentials, their respective contributions to the overall performance, their valuations and financing models. We also worked a lot on structuring the transaction to meet the expectations of our clients, both financial investors looking for an exit and managers willing to reinvest. In all these aspects, the success of this operation illustrates the technicality of our team.” says Oriane Durvye, Executive Partner at N+1.