ChapsVision looks to buy Deveryware after fundraising from Bpifrance and Tikehau

• ChapsVision has entered into exclusive negotiations to acquire Deveryware via its cyber division Flandrin Technologies
• Deveryware is a provider of investigative technologies and services for global security
• ChapsVision provides software to aid business and organisations with large data footprints in their digital transformations

ChapsVision announced on Thursday that it has entered into exclusive negotiations to acquire Deveryware via its cyber division Flandrin Technologies following a fundraising of €100 million from Bpifrance, Tikehau Ace Capital and Tikehau Capital.

Paris-based Deveryware is a provider of investigative technologies and services for global security. Suresnes, France-based ChapsVision provides software for business and organisations with large data footprints to aid in their digital transformations.

ChapsVision had group revenues of more than €100 million for the year 2022. The fundraising will enable the group to accelerate its development in Europe through a sustained strategy of external and organic growth. ChapsVision will focus on growing internationally.

“ChapsVision has demonstrated its position as a reference in the field of digital trust and its ability to successfully integrate new solutions into an already comprehensive offering,” said Quentin Besnard, executive director at Tikehau Ace Capital. “Through our cybersecurity fund, we intend to support ChapsVision’s next step and enable it to build a strategic European player in sovereign data processing.”

Paris-based Tikehau Capital is a pan-European asset manager and investor. The private equity arm of the firm, Tikehau Ace Capital, has €4.5 billion of assets under management. It looks to invest between €20 million to €150 million in each deal.

Bpifrance is the French public investment bank and is based in Paris. Tikehau and Bpifrance have combined before. Most recently, the pair came together to back Mecachrome’s purchase of WeAre Group.

The deal is expected to close in the coming weeks.