Hoche Avocats advises 21 Invest France on the acquisition of a majority stake in TVH Consulting group, specialist in ERP and Business Intelligence solutions
Founded in 2003, TVH Consulting supports SMEs towards more efficient business processes thanks to the integration of ERP and Business Intelligence solutions from Microsoft and SAP, as well as to the edition of business software.
The group’s unique expertise and its recognized innovation capacity enable it to offer tailor-made business solutions. The latter are fully adapted to the challenges of its 300+ clients and ready to be rolled-out in France and abroad. Thus, the group reaches €M 30 sales with a solid profitability.
The operation, signed on August 5, 2021, allows the exit of the current shareholders led by Sparring Capital. The management team (Ahmed Mahcer and Eric Boisneault) and all employee shareholders reinvested in the transaction.
21 Invest France will accompany the management team in its strong organic growth and in the acceleration of its platform strategy, with the acquisition of integrators and editors in order to broaden the group’s offer and strengthen its position in existing segments. Several acquisitions with significant synergies have already been identified.
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21 Invest France’s legal counsel: Hoche Avocats: corporate – Grine Lahreche (partner), Audrey Szultz, Imane Sayah; financing – Christophe Bornes (counsel); tax – Jérôme Mas (partner)
Management’s legal counsel: Jeausserand Audouard: Carole Degonse (partner), Diane Rufenacht
Sellers’ legal counsel: Reed Smith: Marc Fredj (partner), Guillemine Berne