Naxicap and Eurocapital have sold Groupe JVS to its management team and to the private equity firms EPF and Bpifrance. After this operation managers now hold a 51% stake in the company. Financial details have not been disclosed.
EPF is a French private equity firm. Bpifrance is a financial institution providing French companies with Innovation funding, bank financing and venture capital, investment and operational cycle financing alongside banking and financial institutions, equity investment, directly or through partner funds and export support. Bpifrance is running several investment funds dedicated to innovation support in eco-technologies, life sciences, ICT and other sectors.
Groupe JVS is a software publisher for the French public administration. The gorup provides software for all municipal functions: HR, accounting, civic life, childhood care, public facilities, municipal elections, debt management, etc.
Oaklins' team in France advised the seller in this transaction.
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