Eurazeo acquires majority stake in NeoXam

• NeoXam provides front, middle and back-office software for financial institutions 
• Eurazeo will invest more than €100 million, thus becoming the group’s majority shareholder
• Historical partners, led by Cathay Capital and BPI, will sell their shares under the agreement

Eurazeo announced an agreement to invest in NeoXam, alongside its founder Serge Delpla and its management team led by Florent Fabre. Under the agreement, Eurazeo will invest more than €100 million, making it the group’s majority shareholder.

Paris-based NeoXam, founded in 2014, provides “data-centric” products used by more than 120 clients, including asset managers, financial institutions and global banks, to structure their IT systems. According to NeoXam, its product offering covers everything from front to back and middle office, accounting and regulatory and client reporting teams.

Eurazeo plans to support NeoXam’s growth, especially in the data management and reporting segments. The firm will also aid NeoXam’s international expansion, particularly in Asia, the UK and the US.

“The company has an extremely resilient business, its core business areas displaying growth over 20 percent per annum,” said Pierre Meignen, managing director of Eurazeo’s small-mid buyout team. “Its strong global presence will help boost growth and its teams are immensely talented.”

Eurazeo, headquartered in Paris, is a global investment group with €32.4 billion in assets under management.