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January 12th, 2017Natixis Partners advised the Rebouah family in the disposal of its 54.11% stake in Tessi to HLDI and HLD Europe

Natixis Partners advised the Rebouah family in the disposal of its 54.11% stake in Tessi to HLDI and HLD Europe.

The company Pixel Holding, owned by HLDI and HLD Europe, realized today the acquisition of 54.11% of the capital and 53.97% of voting rights in Tessi to HLDI and HLD Europe at a price of 132.25 euros per share.

About Tessi

Headed for 35 years by Marc Rebouah, Tessi is France’s leading document processing and payment systems specialist. Tessi supports and advises businesses in the management of their key processes (documents, payment systems, currency and gold transactions and promotional marketing). French leading player in terms of cheque receipt and processing, of foreign exchange and gold trading, and of managing deferred promotional operations, the group employs 7,000 people, and generated in 2015 a turnover of €290 million, of which, one third abroad. Company’s headquartered is based in Grenoble and its shares are admitted for trading on Euronext Paris, compartment B.

About HLDI

HLDI is a holding company investing in industrial companies controlled by the Dentressangle family and headed by the holding company Dentressangle Initiatives (represented by its chairman, Norbert Dentressangle). HLDI's business aim is to acquire controlling interests together with HLD Europe.

About HLD Europe

HLD Europe is an entrepreneurial holding company. Its founding shareholders are Jean-Philippe Hecketsweiler, Jean-Bernard Lafonta and Philippe Donnet. HLD Europe's other shareholders are frontrunning entrepreneurs, including Claude Bébéar (founder of AXA insurance company), Norbert Dentressangle and Jean-Charles Decaux (Chairman and representative of the founding family of urban furniture group JC Decaux). HLD Europe's business aim is to invest long-term in European businesses to support them in their international development and strengthen their leadership. HLD Europe is interested in businesses with an entrepreneurial bent, affording potential for organic or external growth, improved operational performance and International development.

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M&A team:

Patrick Maurel
CEO

Nicolas Segretain
Managing Partner

Boris Picchiottino
Managing Director

Sébastien Caillé
Executive Director

Sylvain Laforêt
Analyst