The group of investors was led by Bain Capital PE, including NB Renaissance and the management team of the digital solutions company.
Inetum announces the completion of its acquisition by Bain Capital Private Equity, enabling the acceleration of the implementation of its UPSCALE25 strategic plan.
Initiated in January 2022, the negotiations resulted in the sale of Mannai Corporation QPSC’s entire stake in Inetum SA to Bain Capital Private Equity. With the success of this operation, Inetum is committed to the continuity of its strategic plan initiated in 2022 with UPSCALE25, driven by its international growth dynamic and its positioning as the main provider (Top 5) of IT services in Europe, Africa and in Latin America.
A common ambition with Bain Capital Private Equity
The group of investors was led by Bain Capital Private Equity, including NB Renaissance and the management team of Inetum. The transaction concerns the entire stake held by Mannai Corporation QPSC, which represents approximately 99% of the share capital of Inetum SA on a non-diluted basis. Inetum SA is the parent company of an international group providing digital services and solutions.
This operation appears as a structuring step in the history of the group and aims to enable it, alongside its new partners, to increase production and development capacities in all the activities and geographical areas in which the company operates. .
Inetum’s many performance indicators, such as 2021 revenue of more than 2.219 billion euros, up +16% in face value* with organic growth of +4.9%* and an operating margin of 7.4%, an improvement of 110 points (6.3% in 2020), combined with strong market growth prospects, appear as proof of the sustainability of the group’s activities. The new dimension of the group, a key partner for large and upper mid-market clients on an international scale, and an expert in value creation through successful acquisition operations throughout its history, brings Inetum and Bain Capital Private Equity to engage jointly. A new chapter for the ESN with a Positive digital flow always at the service of organizations and society.
“The past few months have allowed us to develop a strong relationship with the Inetum management team and to appreciate the experience, credibility, innovation and values of commitment and excellence in leading the business growth. We see strong potential to further accelerate Inetum’s growth and capabilities across all businesses and geographies where the group operates,” said Matthias Boyer Chammard, one of the Managing Directors in the financial and business technology and vertical industrial products, and a partner in the European Private Equity team, at Bain Capital Private Equity.
UPSCALE25, Inetum’s new action plan
With the arrival of Bain Capital Private Equity, Inetum has secured the necessary resources to respond to the Group’s strong growth prospects. The conditions are met for the implementation of the UPSCALE25 action plan, aimed at accelerating the development of Inetum’s investments, and consistent with the UPSCALE23 strategic plan.
According to Vincent Rouaix, Chairman and CEO of Inetum, “The new international dimension of the group and the arrival of new partners in 2022, allow us to increase our potential to further accelerate the growth and capacities of Inetum in all activities and the geographical areas where we operate. We are rolling out UPSCALE25, our new action plan, in line with the ambitious strategic choices made over the past few years. Whether it is with our customers by imagining the solutions of the future, by supporting them by integrating technological innovations into the performance of their business model, or by accelerating our presence in new international markets, we we are committed to transforming our business model for greater efficiency, while affirming our strategy of expansion and building a culture of positive digital flow with our talents for our customers.”
The transition from UPSCALE23 to UPSCALE25 aims to consolidate the group’s dynamic on all the key aspects of its activities:
- Digitization of all production capacities
- Ensure organic growth above the average of market players
- Focus on vertical and middle markets
- Invest and retain key talents for the transformation of digital uses
- The implementation of specific partnerships with suppliers in order to increase the Group’s expertise
- Conduct strategic acquisitions to consolidate the Group’s expertise and international dimension
