The website designer and digital solutions integrator is gearing up for acquisitions with the arrival of a new shareholder, Socadif, which will replace the former minority shareholder, Alliance Entreprendre, while CEIDF CI reinvests. Thanks to this operation, Chairman Stéphane Hudyma will become the majority shareholder in the company.
Following a new Management Buy-Out (MBO), Webnet is now under the control of its Chairman, Stéphane Hudyma. In this new operation, the majority of the capital of this company, which specializes in website design and the integration of digital solutions, already belonged to the management team. Prior to the MBO, Stéphane Hudyma held 50.1% of the capital, while two former non-operational executives owned the remainder. However, the latter left the company completely by selling their shares, enabling Stéphane Hudyma to increase his stake to 52%. In addition, five other managers took over around 7% of the shares.
The former minority investment fund, Alliance Entreprendre, which had been part of the company’s capital, was replaced by Socadif, while Caisse d’Epargne Île-de-France Capital Investissement reinvested. Stéphane Hudyma explained that the search for a new partner was due to the end of the investment cycle, and not to any urgent need for an exit.
The transaction, which was managed by DDA & Company, was arranged with senior debt provided by BNP Paribas and Caisse d’Epargne d’Île-de-France, corresponding to a small leverage of less than three times Ebtida.
Following this new MBO, Webnet plans to carry out two to three external growth operations over the next six years. These operations will preferably be aimed at targets representing 30 to 50% of the company’s size, enabling it to further expand its presence in the territory. Webnet currently employs 180 people in the Paris region, Lyon, Nantes, Lille and Bordeaux. Future plans include expansion into Europe.
Joffe & Associés (Virginie Belle and Paddy Pascot) advised SOCADIF and CAISSE D’EPARGNE ILE DE FRANCE CAPITAL INVESTISSEMENT on this transaction.
Target company : WEBNET
Transaction date: 07/26/2023
Buyer or Investor : MANAGER(S) , Stéphane Hudyma , SOCADIF CAPITAL INVESTISSEMENT , Emmanuel David , CAISSE D’EPARGNE ILE DE FRANCE CAPITAL INVESTISSEMENT , Guillaume Guin , Tom Lorin
Vendor : SEVENTURE PARTNERS , Thibaut Canton , CAISSE D’EPARGNE ILE DE FRANCE CAPITAL INVESTISSEMENT , Guillaume Guin , Tom Lorin , MANAGER(S) , Stéphane Hudyma
Company Investment banker / M&A advisor : DDA & COMPANY , Anthony Wimbush , Charles-Antoine Cayez
Corporate Lawyer : LAMARTINE CONSEIL , Philippe Barouch , Périne Estephan
Tax Law firm : LAMARTINE CONSEIL , Bertrand Hermant
DD Financial : ADVANCE CAPITAL , Olivier Poncin , Mehdi Adyel , Prescillia Dard
Purchaser Corporate lawyer : JOFFE & ASSOCIES , Virginie Belle , Paddy Pascot
Debt: BNP PARIBAS (FINANCEMENT) , David Eyraud , Germain Pardon , Daniel Ardeljan , CAISSE D’EPARGNE ILE DE FRANCE (CEIDF) , Camille Borie
