Andera Partners sponsors the carve-out of Conduent’s Off-Street Parking business in association with management
US-based business services provider Conduent Incorporated (NYSE : CNDT) has entered into a binding agreement with Andera Partners to sell its off-street parking business in France and the United Kingdom, and its airport parking business in the United States. The Winch Capital funds partner with management to create an independent leader in the design, installation and maintenance of comprehensive ticketing solutions for off-street parking. The Winch Capital funds are investment vehicles managed by Andera Partners and focusing on growing French and European mid-market companies.
Paris, April 26th, 2018 – With over €30m in revenue booked in 2017, the newly autonomous company becomes an independent leader in the design, installation and maintenance of comprehensive car-park ticketing solutions. It serves blue chip and local clients such as car-park operators, municipalities and airports, and benefits from state-of-the-art products renowned for their reliability and ergonomic design, and an extensive and responsive service network. Over the past few years the company has leveraged its strong presence in France, the UK and the US to initiate its international expansion and has quickly become a top player in emerging countries (Middle East, Latin America, Africa).
As it has been non-core for Conduent since its separation from Xerox, this new phase should allow the company to further invest in research and development and consolidate its maintenance network in order to enhance the value provided to its clients. This newly found independence opens a new expansion phase where the company aims for an international change of scale by strengthening its position beyond its legacy markets.
Laurent Gilles, Director of Operations, Off-Street Parking, Conduent: “This carve-out is fully in line with the entrepreneurial spirit shared by our teams. We would like to extend our thanks to Conduent for initiating and supporting our development during the last few years and we now look forward to accelerating our international change of scale. The experience of the teams at Andera Partners both in carve-outs and in supporting ambitious growth plans has made them the ideal partner with whom to partner up.”
François-Xavier Mauron and Antoine Le Bourgeois, Partners, Andera Partners: “We are extremely pleased to back Laurent Gilles and his team as the company enters into this new growth phase. The Winch Capital team has a long-standing experience in these types of carve-out and spin-off transactions. Independence is always a landmark moment in the life of a business and typically breathes new entrepreneurial life into the entire organisation. We have found all these positive ingredients in this project and have been particularly impressed by the international ambitions of the Off-Street Parking team that can strongly rely on state-of-the-art technology and a top-notch quality service.”
Closing is expected by end of June 2018.

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ATTEMPTED FRAUD: READ IT CAREFULLY (English below)

ANDERA PARTNERS attire votre attention sur les tentatives de fraudes avec usurpation d’identité qui sévissent actuellement. Les techniques de phishing (ou hameçonnage) évoluent en permanence et sont de plus en plus sophistiquées.

Ces pratiques frauduleuses qui touchent ANDERA PARTNERS, invitent les particuliers à investir dans des comptes à terme et autres produits d’épargne fictifs sous l’identité d’ ANDERA PARTNERS (Andera Co-Invest notamment), et celles de ses collaborateurs et membres des organes de direction, via une adresse fictive et des appels téléphoniques.

Nous vous invitons à la plus grande vigilance si vous receviez ce type de sollicitations. ANDERA PARTNERS ne propose pas de compte à terme et n’a recours à aucun démarchage auprès du public, ni par téléphone ni par courriel.

Les fraudeurs ne manquent pas d'imagination pour piéger leurs victimes. Leurs actions visent à récupérer à leur insu et de manière indue des données financières, en incitant leurs victimes à réaliser des transactions dématérialisées.
En cas de doute, pour vous protéger et protéger ANDERA PARTNERS, nous vous invitons à :

*   Vous méfier des demandes inattendues, même si elles semblent provenir de dirigeants ou membre d’organes de direction d’ANDERA PARTNERS ;

*   Vérifier l’adresse de l’expéditeur. Les adresses électroniques des collaborateurs d’ANDERA PARTNERS utilisent un seul et même format : initialeduprénom.nom@anderapartners.com. Les adresses globales sont ainsi libellées : nomduservice@anderapartners.com ;

*   Ne jamais cliquer sur un lien vous demandant de partager des informations sensibles et ne jamais répondre à des demandes financières en ligne ;

*   Signaler tout message suspect qui vous demande une action immédiate.

La priorité d'ANDERA PARTNERS est de protéger ses clients et ses activités contre la fraude.
Si vous êtes victime d'une tentative d’escroquerie, veuillez contacter les relations investisseurs à l’adresse suivante : ri@anderapartners.com

Liens utiles :

LISTE NOIRE DES SOCIÉTÉS FRAUDULEUSES ÉTABLIE PAR L’AMF (AUTORITÉ DES MARCHÉS FINANCIERS) : https://www.amf-france.org/fr/espace-epargnants/proteger-son-epargne/listes-noires-et-mises-en-garde

VICTIME D'UNE ARNAQUE : COMMENT DÉPOSER UNE PLAINTE ? | AMF (AMF-FRANCE.ORG) : https://www.amf-france.org/fr/espace-epargnants/savoir-bien-investir/conseils-pratiques/en-cas-de-problemes/victime-dune-arnaque

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ANDERA PARTNERS would like to draw your attention to fraud attempts involving identity theft that are currently rife. Phishing techniques are constantly evolving and becoming increasingly sophisticated.

These fraudulent practices, which affect ANDERA PARTNERS, invite individuals to invest in term accounts and other fictitious savings products under the identity of ANDERA PARTNERS (Andera Co-Invest in particular), and those of its employees and members of the management company, via a fictitious address and telephone calls.

Please be extremely vigilant if you receive this type of solicitation. ANDERA PARTNERS does not offer term accounts and does not canvass the public by telephone or e-mail.

Fraudsters do not lack imagination to trap their victims. Their actions are aimed at unknowingly and improperly recovering financial data, by encouraging their victims to carry out dematerialised transactions.
If in doubt, to protect yourself and ANDERA PARTNERS, we invite you to :

* Be wary of unexpected requests, even if they appear to come from ANDERA PARTNERS managers or members of management bodies;

* Check the sender's address. The e-mail addresses of ANDERA PARTNERS employees use a single format: initialeduprénom.nom@anderapartners.com. Global addresses are written as follows: nomduservice@anderapartners.com ;

* Never click on a link asking you to share confidential information and never respond to online financial requests;

* Report any suspicious message that asks you to take immediate action.

ANDERA PARTNERS' priority is to protect its customers and its business against fraud.
If you are the victim of a fraud attempt, please contact Investor Relations at the following address: ri@anderapartners.com

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