insitu has been acquired by its management team
April 2022 — The founder of insitu has sold the company to its management alongside private equity funds Irdi Soridec Capital Investissement and Multicroissance.
Founded in 1978 by Christophe Ducluzaeu, insitu’s activity is to provide qualified and expert employees to its clients in specific positions in IT, finance, HR and quality management, whom they cannot recruit themselves because they lack resources or simply do not need full-time employees. The group has five branches, most of which operate in the south of France. insitu has 120 employees and more than 200 consultants, and a client base of 300 SMEs.
Irdi soridec Capital Investissement is a French PE firm hat manages approximately US$480 million. For more than 40 years, the firm has supported start-ups, SMEs, and ETIs in the southwest of France with equity investment capital at all stages of the companies’ development. Multicroissance is the private equity firm of Banque Populaire Occitane. It provides capital support to companies in the southwest of France for development and transmission purposes.
Our role in the transaction
Oaklins’ team in France was mandated to organize the sale of insitu, until then owned by the founder and key managers, to its current managing directors. Following a dual-track process involving PE funds, banks and strategic buyers, the shareholder chose to sell the company to its management. During this process, Oaklins negotiated the transaction with PE funds while also securing the bank financing.
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