THE GROUP HAS TAKEN A NEW STEP FORWARD
Objectware prepares for further growth with new financing and reinvestment from BNP Paribas Développement.
Objectware is now ready to step up its internal and external growth by making several strategic acquisitions between now and 2023/2024.
The Group has been majority-owned since 2018 by David Pinto its Chairman following the departure of the co-founder as part of a Management Buyout organized with BNP Paribas Développement as minority shareholder.
Today, David Pinto intends to pursue his growth strategy in France and internationally through organic development and strategic acquisitions.
Five years after BNP Paribas Développement acquired a stake in the company, Objectware has doubled its revenues and aims to rapidly reach €100m in sales and a thousand consultants.
With the raising of a unitranche financing from the private debt fund Apera Asset Management, Objectware refinances its existing bank debt and gives itself the means to pursue its acquisition program via a dedicated financing line.
As part of this transaction, Objectware is reorganizing its capital structure, giving its management team access to nearly 10% of the company’s capital by 2024.
“A new stage has been reached, and the Group is now ready to step up its internal and external growth. New listings have been won and acquisition files are at a very advanced stage of study. Our DNA of strong growth while respecting our consultants is the basis of our success” David Pinto, President of Objectware.
About BNP Paribas Développement
BNP Paribas Développement, an autonomous subsidiary of the international banking group BNP Paribas, is a limited company which, for over 30 years, has been investing its own funds directly as a minority shareholder to support the development of successful SMEs & SMIs and ensure their long-term survival by facilitating their transfer.
In addition to providing companies with stable financial resources, BNP Paribas Développement’s mission is to support the management team over the long term as it implements its medium-term strategic projects.
Our position as a minority shareholder ensures that our partners benefit from appropriate governance without interference in day-to-day management, while benefiting from the strength of a recognized group and the experience of a partner with a portfolio of over 500 diversified holdings.