News - April, 2015
The deal marks its second significant exit in only a few months.
Munich/Luxembourg – April 8, 2015 – Cipio Partners, a leading direct secondary investment firm, announced the closing of the sale of its portfolio company, Ipanema Technologies S.A., to Infovista S.A. The sale marks the second major exit of a Cipio portfolio company in the past few months.
Ipanema Technologies S.A., headquartered in Fontenay-aux-Roses, France, is a major provider of automated solutions to guarantee application performance across enterprises’ large and complex networks. The acquisition by Thoma Bravo-backed Infovista S.A., a major provider of IP and RF planning, service assurance and network optimization software solutions and services, will result in a French networking software champion with global reach.
“The deal illustrates perfectly how Cipio Partners allows fast growing European technology firms to avoid premature exits and grow into significant businesses,” said Roland Dennert, Managing Partner of Cipio Partners. “We made our first investment in Ipanema 10 years ago. Since then, we have acquired multiple secondary positions in the company and provided additional growth capital, building a 40% stake in the business. We have worked closely with management on strategy and operational improvements to achieve a 9-fold revenue growth and an attractive sale of the business. ”
Jim Darragh, CEO of Ipanema, added: “Cipio Partners and Ipanema’s three co-founders attracted me to the company with its world-class technology. Together we have built a strong global sales organization, developed real market traction in the US and improved the company’s strategic position, growth and profitability. This quite naturally attracted inbound M&A interest. We are enthusiastic about the prospects for growth offered by the sale to Infovista.”
By selling Ipanema Cipio Partners has clocked in its second major exit in only a few months after selling Definiens AG, to AstraZeneca (NYSE: AZN).
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