Ir a las transacciones
Private Equity | Servicios de Soporte Comercial | TMT

AFSO, BV L’objet Media and LAGARDERE France have merged to become Synneo

July 2022 — The shareholders of AFSO have approached and conducted negotiations to create the optimal conditions for a merger of equals between BV L’objet Media and LAGARDERE France.

Founded in 1998 and headquartered in Toulouse, France, AFSO is a leading company engaged in marketing corporate promotional gifts and items, covering various clients’ needs, such as bonuses, sales stimulus, loyalty, incentives and business gifts. The company specializes in customized products while also managing a permanent catalog. AFSO has a fully integrated value chain, from product design to sourcing and distribution. It has also developed expertise in B2C, providing design, administration and operation of e-commerce websites for corporate clients with strong brands. AFSO is the exclusive supplier of Airbus promotional items and operates its e-shop.

The merger of AFSO with French peers BV L'objet Media and LAGARDERE France is part of a strategy initiated two years ago, following the fundraising of approximately US$5 million with iXO Private Equity. This has led to the creation of a new group called Synneo which will unify the strength of three renowned players with complementary activities. The new group will be led by managers from the three companies and will offer a new synergy of skills and teams promoting the design of exclusive, responsible, innovative and high value-added products and services.

David and Elie Maman, managers of AFSO, have developed the company for more than 20 years. They have been supported by the French private equity fund IXO since July 2020.

Our role in the transaction

Oaklins’ team in France acted as advisor to AFSO to identify, contact, conduct and negotiate deal terms to make this balanced transaction possible for all three companies.

“In line with the growth strategy initiated in 2020, this merger of equals is a wonderful opportunity to take leadership of the French promotional items market. During this deal, we have been advised again by Oaklins which, with their experience and know-how, made this transaction possible.”

David and Elie Maman

CEO, AFSO

Contáctese con el equipo de la transacción

Xavier Auvergnat

Socio
Toulouse, Francia
Oaklins France

Raphaël Petit

Socio Director
Toulouse, Francia
Oaklins France

Transacciones relacionadas

Mattina Holding has sold a 5% stake in Gens Aurea via accelerated bookbuild
Private Equity | Consumo & Retail

Mattina Holding has sold a 5% stake in Gens Aurea via accelerated bookbuild

Mattina Holding S.A. (DVC Partners) has sold a 5% stake in Italian company Gens Aurea S.p.A. through an accelerated bookbuild, raising approximately US$69.96 million.

Aprenda más
Veremark has completed a secondary share sale
Servicios de Soporte Comercial

Veremark has completed a secondary share sale

Veremark, the global workplace trust company, has completed an employee and early investor secondary share sale, on the London Stock Exchange’s (LSE) Private Securities Market (PSM), valuing the company at over US$133 million in enterprise value. Crowdcube, Europe’s leading private market liquidity platform, managed the transaction.

Aprenda más
ENGIE Énergie Services has sold Majorelle to Isospace
Servicios de Soporte Comercial | Servicios de Construcción e Ingeniería | Energía

ENGIE Énergie Services has sold Majorelle to Isospace

Majorelle, a pioneer in space planning in France for 40 years, has been sold to Isospace by ENGIE Énergie Services. The transaction marks a new chapter in Majorelle’s growth, bringing together complementary expertise in workplace design, space planning and fit-out while preserving its brand, teams and market positioning. Together, Majorelle and Isospace generate more than US$45 million in revenue, primarily in the Île-de-France region. The companies operate in a commercial fit-out market undergoing significant transformation, driven by evolving workplace needs, real estate asset repositioning, regulatory requirements and environmental and socioeconomic challenges. Philippe Savajols, president of Isospace and Majorelle, aims to ensure continuity for Majorelle and its teams while developing complementary capabilities and synergies across the group, preserving both companies’ respective cultures, expertise and client relationships.

Aprenda más