Category: Deals

Jus Mundi, market leader in legal AI in Europe, announces a fundraising round of almost 20 million euros, led by True Global Ventures Opportunity Fund and Acton Capital, with the participation of FJ Labs and C4 Venture. Joffe & Associés (Thomas Saltiel, Rudy Diamant and Clémence Bressolin) advised Acton Capital on this transaction.

Present in over 80 countries and backed by more than 70 partnerships worldwide, Jus Mundi is carrying out a second tout de table of 20 million euros, following a fundraising round of over 9 million euros in 2021.

This French start-up has developed Jus AI, software designed to automate and simplify legal research. Leveraging advances in artificial intelligence, Jus Mundi enables law firms to improve efficiency, accuracy and productivity.

This Series B will enable the company to strengthen its teams, develop and market its solutions internationally (notably in the United States, Asia and the Middle East), while reinforcing its position as one of Europe’s best-funded start-ups specializing in legal IT.

Acton Capital believes Jus Mundi has the capabilities to become “the global leader in AI-based legal intelligence” in the Maddyness press release.

Find all the official information on CFnews here.

Neosilver, a company specializing in the fight against loss of autonomy and isolation among the elderly, has announced a €4 million round of financing from Mirova and Banque des territoires. Joffe & Associés (Thomas Saltiel, Charlotte Viandaz and Clémence Bressolin) acted as advisors to the two funds in this transaction.

The young company specializing in support for senior citizens has raised 4 million euros to accelerate its development. The fund-raising, led by Mirova Impact Life Essentials (MILE)1, which is making its first investment here, also includes Banque des Territoires, which is already heavily involved in companies committed to accessibility for the elderly. In 2022, with over 8,200 events organized, bringing together 67,000 participants, Neosilver plays an essential role in maintaining strong social ties and improving the physical and mental health of seniors.

Thanks to Banque des Territoires’ investment, Neosilver will be able to accelerate its development in France, Spain and Germany, while improving its digital platform. This investment reaffirms Banque des Territoires’ commitment to social innovation and to supporting local authorities in their projects to strengthen social cohesion.

“Neosilver was born out of our desire to create a company with a strong social impact, in response to the challenges of aging and the isolation of seniors. Today, we believe that all businesses should have an impact. It’s thanks in particular to the support of major players in the field of ageing well, and to the backing of Viva Lab, the Assurance Retraite gas pedal, that our project has gained such momentum in the region. We are very grateful to Mirova and La Banque des Territoires for their trust and support, which should enable us to pursue our development in France and internationally,” say Jean Hennequin and Omar Bennouna, Co-Founders & CEO of Neosilver, in the official press release from La Banque des Territoires.

Atawey: find official information on the company’s press release here.

Atawey, leader in hydrogen charging stations, announces the acquisition of McPhy’s charging station business, for a fixed price of 12 million euros. Joffe & Associés (Christophe Joffe, Thomas Saltiel, Alvyn Gobardhan, Rudy Diamant & Joanna Verissel, Clémence Bressolin, Sara Belliot & Irina Ratsimandresy) advised Atawey on this transaction.

With this acquisition, Atawey consolidates its position on the European market with a fleet of 70 stations, making it the European leader in hydrogen charging stations. The acquisition includes a production site capable of manufacturing over 80 stations a year, and the integration of 40 McPhy employees, bringing the total number of employees to 145.

Atawey also benefits from McPhy’s R&D expertise, reinforcing its know-how with over ten years’ experience and several patents. This operation significantly increases Atawey’s production capacity, enabling it to meet strong demand and aim for profitability.

Internationally, this acquisition helps Atawey to expand its range of services and enter new markets, with projects underway in Italy in particular. McPhy will continue to work with Atawey to ensure the success of projects and the performance of existing stations.

• Purchaser: ATAWEY , Pierre-Jean Bonnefond , Jean-Michel Amaré, Lucile Milon
• [Purchaser] Investment banker: SG (EX SOCIÉTÉ GÉNÉRALE CIB) , Guillaume Dovillers , Nicolas Sanson
• [Purchaser] Lawyers: JOFFE & ASSOCIES , Christophe Joffe , Thomas Saltiel, Alvyn Gobardhan, Joanna Verissel & Rudy Diamant
• Vendor : MC PHY
• [Vendor] Investment banker: BNP PARIBAS CF
• [Seller] Lawyers: GIDE , Olivier Diaz , Elise Bernard , Charlotte Duval

Read the original article on the company’s LinkedIn page here.

Nutriearth, a pioneer in the manufacture of vitamin D3 from insects, announces that it has raised almost 8 million euros from historic investors such as Demeter and Nord France Ammorçage, as well as new investors Rev3 Capital, Holding Serthi and Captech Santé. Joffe & Associés (Thomas Saltiel, Océane Christmann and Alexia Guyot) advised Demeter, NFA, Cap Tech and REv3 Capital on this transaction.

According to CFNews, this fund-raising will finance the reinforcement of Nutriearth’s industrial infrastructure. It will also enable the company to pursue research and development, by supporting the filing of new patents; the company is also planning to increase its workforce to support these changes. Nutriearth plans to produce 120 tonnes this year, continuing to sell its insect meal on the animal feed market. It also hopes to obtain the necessary authorizations to market insect meal for human consumption in Europe from next year. It should be pointed out, however, that such marketing could already begin in the USA and Canada, where these products are authorized.

“I’m delighted that this round of financing will enable Nutriearth to become a major player in the global vitamin D3 market. Thanks to this support, we are now in a position to respond to major societal challenges such as our health and the preservation of our planet. We are proud to offer the world’s only natural, sustainable and highly absorbable source of vitamin D3. Let’s work together for a better future”, says Thomas Dormigny, co-founder of Nutriearth, in the official press release.

 

Purchaser(s) or Investor(s) : DEMETER , NORD FRANCE AMORCAGE , BPIFRANCE INVESTISSEMENT , REGION HAUTS-DE-FRANCE , FONDS EUROPEEN DE DEVELOPPEMENT REGIONAL (FEDER) , REV3 CAPITAL (EX CAP3RI) , FINORPA GIE , BUSINESS ANGEL(S) , Thierry Letartre
Company Corporate Lawyer : BIGNON LEBRAY , Tanguy Dubly , François Vibert , Antoine Catala
Purchaser Corporate Counsel: JOFFE & ASSOCIES , Thomas Saltiel , Océane Christmann

Read the official Finaris Group press release here.

This transaction, subject to AMF approval, will enable the two asset management companies, Talence Gestion and Patrival, to create an independent leader in private asset management in France. The aim is to capitalize on the expertise of each of the two entities to provide private and institutional clients with increasingly high-performance asset management. The new entity will represent €1.8 billion in private assets under management and €500 million in collective assets under management, on behalf of 2,000 clients, supported by some 50 employees, including 24 asset managers, based in Paris and the Lille and Lyon metropolitan areas. It will be owned and managed by a large number of partners from both entities, with the support of the Finaris group. Subject to regulatory approval, the merger should be completed by the end of the third quarter of 2024.

Didier Demeestère, Chairman and Founder of Talence Gestion, comments: “I’m delighted to have found a partner like Patrival, who will perpetuate our corporate project and enable the ‘Talenciens’ team to pursue its mission to serve its customers. With this operation, the new group preserves its independence while strengthening its market position. Its young and ambitious management team shares my vision of the company and the conviction that employee shareholding is one of the keys to success.”

Vincent Ténière, CEO of Patrival and Chairman of the Finaris Group, adds: “This is a major strategic merger for Patrival and, more broadly, for the Finaris Group, which seems obvious to us today, given that the two companies share the same values. This operation will enable us to accelerate our development and create synergies thanks to our complementary expertise. Like the partners of Talence Gestion, we are committed to maintaining a dynamic entrepreneurial spirit, as well as a human-scale organization, in order to keep our customers at the heart of our concerns. Our capital independence, preserved by this merger, will enable us to offer our clients a rare freedom of choice in terms of the advice and management they receive. Our new critical mass will also enable us to invest in developing our expertise and acquiring new skills.

A propos de Talence Gestion

Founded in 2010 by Didier Demeestère and Régis Lefort, Talence Gestion is an entrepreneurial asset management company with offices in Paris, Lille and Lyon. Widely acclaimed for its expertise in private and collective asset management, Talence Gestion has established itself as a major player in its sector, having been voted a “must-know” independent asset management company by Décideurs Magazine for 5 consecutive years, and now boasts over 1.2 billion euros in assets under advice and management. A team of experts comprising 12 private asset managers, 4 fund managers and a wealth and tax engineering unit supports private and institutional clients in all matters relating to the management of their assets. Talence thus benefits from the advantages of a human-scale company close to its customers, while giving them access to a wide range of services and advice. Further information on Talence Gestion: www.talencegestion.fr

A propos de Patrival

Patrival is an entrepreneurial asset management company founded in Lille, France, and licensed by the AMF since 1990. The company manages and advises more than 1.1 billion euros in assets under management in its collective investment, discretionary management, financial investment advisory and insurance brokerage businesses. The company employs 18 people, half of whom are dedicated to managing and advising clients. Further information on Patrival: www.patrival.fr

A propos du groupe Finaris

Finaris, founded in 2019 by Valentin Bocqueret and Vincent Ténière, is an independent financial services group active in wealth management, structured product brokerage and asset management, wholly owned by its teams. More information on Finaris: www.finaris.fr

M&A advisor: Caurus Partners (Olivier Coenon, Charles Pétré)

Buyers’ legal counsel: Moncey Avocats (Frederic Pinet, Pierre Faure) / Joffe et Associés (Christophe Joffe, Antoine Lamy)

Find the official post on GPG Granit’s linkedIn here.

GPG Granit, market leader in the design of funeral monuments, acquires Isofroid, a company specializing in equipment, materials and products for body conservation. Joffe & Associés (Christophe Joffe & Charlotte Viandaz) acted as advisors to the purchasers, SERVIA INVEST of the GPG GRANIT group.

In July 2024, Alexis Jubert, President of GPG Granit in Rennes, announced the acquisition of Isofroid, leader in mortuary equipment and formaldehyde-based fluids. This merger is an opportunity for the Breton designer of funeral monuments to diversify its activities into the medical sector and to expand internationally. In fact, this acquisition will enable GPG Granit to operate in two different fields from now on: “funerary” and “medical”.

GPG Granit will now cover the entire value chain for supporting families during the period of mourning, offering services ranging from the preservation of bodies to honor the deceased one last time, to the creation of a unique place of remembrance.

Right from their first meeting two years ago, Alexis JUBERT and Didier Belluard, CEO of Isofroid, saw the obvious synergies between their two structures, as well as the shared values in their management style. Both men share the same priorities: people, people, people. As Didier Belluard approached retirement, he naturally turned to Alexis JUBERT to ensure the continuity of his company, while respecting its values, its partners and its employees” expresses GPG Granit in its official press release on LinkedIn.

Find the link to Cashbee’s original post here.

Cashbee, the leading mobile savings and investment platform, has closed a €7.5 million financing round with La Mif and its historical shareholders, including Banque Postale, My Money Bank and other business angels. Joffe & Associés (Thomas Saltiel, Charlotte Viandaz and Rudy Diamant) acted for Cashbee in this transaction.

Cashbee is the first application to offer simplified access to a full range of savings products, from interest-bearing bankbooks to long-term investments, directly on a cell phone. Renowned for one of the best-performing interest-bearing passbooks on the market, in partnership with Crédit Mutuel Arkéa group subsidiary CFCAL, Cashbee offers French savers a variety of investments. These include thematically managed life insurance (Climate, Inclusion, Tech, Impact), structured products, real estate, commodities and private equity.

Thanks to this fund-raising and the confidence of a new reference investor, Cashbee aims to expand its offering for French savers by enriching its range of savings solutions with the best investments on the market, offering a more intuitive and efficient user experience thanks to new technological developments, and promoting financial education while strengthening its teams of advisors, to support savers in managing their personal finances.

When we launched Cashbee five years ago, our ambition was to meet the new expectations of French savers: simple savings with greater yield, flexibility and responsibility. Today, the fact that a leading mutual insurance company like MIF, which has been committed to its members for over 160 years, has joined our project alongside our historic shareholders, is a testament to the reliability of our offerings and an honor for us. We are particularly enthusiastic about the idea of collaborating with the MIF teams, sharing the values of financial education that unite us, and creating together a real synergy of customers to respond ever more faithfully to the demands of French savers and facilitate their day-to-day financial experience, directly from their smartphones”, say Marc Tempelman, Cyril Garbois and Chaker Nakhli, co-founders of the platform, in the official Cahsbee press release.

Read the original CFnews article here.

Aptic Group, which specializes in direct recruitment in the Financial Services and Corporate functions sectors, announces the opening of its capital to Sofiouest, which becomes a minority partner and reference investor in a primary MBO. Joffe & Associés (Océane Christmann, Clémence Bressolin and Clément Peillet) advised the investor in this transaction.

Since 2016, Aptic has specialized “in headhunting for “top and middle-management” profiles and recruitment for the mid-market. Renowned in financial services, it has extended its expertise to large companies and support functions. Thanks to its reputation and the quality of its services, Aptic has grown significantly in recent years, and now employs around 50 people. As part of this growth, Sofiouest is currently investing nearly €5 million in equity and sweet equity, with a minority stake of 40%. Aptic’s team of eight partners, including founder Baptiste Lambert, retains the majority shareholding and invites employees to join them.

This investment will enable the Aptic group to embark on its next phase of growth, providing strategic support for business development and capitalizing on its expertise in ESG issues.

“8 years after its creation, Aptic is embarking on a new stage in its development by welcoming Sofiouest and many of its employees to its capital. I’m delighted to be part of this new phase, always at the service of Aptic’s teams, our customers and our candidates. This arrival puts us in an even stronger position to tackle the strategic challenges impacting our businesses,” says Baptiste Lambert.

Read the original article on ActuNews Wire here.

Fountaine Pajot, a leader in pleasure boat design, has acquired a Loire-Atlantique supplier to develop the interior outfitting of its sailing yachts. The company, advised by Joffe & Associés (Christophe Joffe & Rudy Diamant), is integrating a factory belonging to the Malvaux Industries group.

After a first half-year marked by an increase in sales of almost 33.2% over the same period last year, Fountaine Pajot is increasing its capacity by taking over the design activities of the La Chevrolière site, acquired from the Malvaux Industries group. This acquisition is designed to strengthen Fountaine Pajot’s position in the market for the design and manufacture of boat interiors for all of its products. The site covers 8,000 m² of industrial buildings, equipped with digital machines, and employs around sixty people.

Nicolas Gardies, Managing Director of Fountaine Pajot, told Les Echos magazine: “By acquiring this joinery, Fountaine Pajot is acquiring a tool and expertise developed by Malvaux Industries. This know-how is key in the value chain of boat development. This acquisition strengthens the Fountaine Pajot Group.

 

In 2024, Fountaine Pajot sets itself apart with the commercial launch of its hybrid electric solutions and the marketing of Thira 80, the new flagship of its range. Two examples of this luxury yacht, a 24-meter-long giant and the largest sailboat ever built at the Aigrefeuille shipyard, will be ready by the end of August from the workshops refitted for their manufacture.

Fountaine Pajot is also pursuing its growth ambitions with a 16 million euro investment plan for the year. Of this sum, 6 million will be devoted to the development of new boats, and 10 million to strengthening industrial capacities.