Andera Partners has acquired 99 Advisory

July 2019 — Andera Partners, formerly known as Edmond de Rothschild Investment Partners (EdRIP), has acquired 99 Group, a leading independent player in transformation and organization consulting in the banking, finance and insurance sectors.

Andera Partners led this majority LBO alongside CEO Hughes Morel- Lab and his team, with the support of CAPZA, which subscribed to the mezzanine debt and took a minority ticket. The operation’s leverage is moderate in order to give the group sufficient room for manoeuvre to pursue its external growth. Created in 2001 within the Edmond de Rothschild Group, Andera Partners is a reference point in unlisted investment in France and abroad. It manages more than US$2.5 billion in life sciences, development and transmission capital, and mezzanine sponsorless debt.

99 Group offers a wide range of consulting services. The group includes three complementary entities: 99 Advisory, focusing on strategic and regulatory consulting in the financial sector; 11 Management, a specialist in the optimization and management of business projects in information systems; and Azzana Consulting, acquired in March 2019, dedicated to cash management and innovative payment methods. Based in Paris, London, Luxembourg, Brussels and Singapore, 99 Group has 300 employees and has launched new offers to extend its regulatory expertise to new industries and businesses. It aims to become a significant independent group in Europe within four to five years.

Our role in the transaction

In a highly competitive environment, Oaklins’ team in France strategically advised Andera Partners throughout the acquisition process. The structuring of the financing was designed to provide an additional line to finance external growth operations.