LONDON, 22 November 2018: Metric Capital Partners LLP (“Metric”), the European private capital group, has announced today its investment in Groupe Onepoint SAS (“Onepoint”), a major French player in the digital transformation of companies, in conjunction with the closing of the acquisition of Weave SAS (“Weave”).
Founded by David Layani in 2002, Onepoint is a leading player in business transformation, providing end-to-end services to its clients, from C-suite strategy consulting to IT-services implementation. The group now has over 2,300 employees in Europe, North Africa, North America, Australia and Singapore, with revenues nearing €300m in the near future.
Onepoint is acquiring 100% of Weave’s capital from NiXEN and the Weave partners, for a price of €120m. This transaction is directly in line with Onepoint’s strategy of reinventing the traditional model of consulting and aims at crossing the €1bn revenues milestone within five years.
John Sinik, Managing Partner and Chairman of Metric’s Investment Committee, said: “We are delighted to support Onepoint’s ambition at a key moment in its growth history, and to achieve our first investment in France since the opening of the Metric Paris office in 2017. We want to support the development ambitions of the group and help drive its internationalization, while capitalizing on the proximity of our respective DNAs. We are extremely pleased to join the Onepoint entrepreneurial journey as the tie-up with Weave is just starting. Both companies are truly disruptive players in their market”.
David Layani, founder and President of Onepoint, said: “We are looking forward to this acceleration phase. We have all the necessary industrial assets, thanks to the unique combination of know-how and talents offered by this tie-up. We can now also count on a long-term partnership with a major player in the European private capital sector, who developed a tailor-made capital solution for us, giving our group an especially competitive financial structure and the means required in order to achieve our ambitions”.
Metric was advised by Freshfields Bruckhaus Deringer LLP, Accuracy and C. Mahjoub & Partners.
About Metric Capital
MCP is an independent and pan-European private capital group that invests in European firms by creating tailor-made capital solutions and seeks to support their ambitions by enabling them to execute strategic transactions. Metric Capital Partners aim to be a value-add partner to the companies it invests in.
Metric Capital Partners manages nearly € 1.6bn, spread over three funds raised since 2012, of which €860m for Metric Private Capital III.
For further information please contact:
John Sinik, Managing Partner, Metric Capital Partners, Tel: +44 203 540 1558
Alastair Balfour, Partner, Metric Capital Partners, Tel: + +44 203 750 9951
Louis Robert, Investment Director, Metric Capital Partners, Tel: +33 1 42 68 51 38