Created in 1993 in Sweden, the Prenax Group is a subscription agency that handles all operations throughout the entire subscription life cycle from the time the order is placed and paid for through to billing its customers made up of private companies, government agencies and academic partners.
The Group’s business volume has tripled over the last 10 years, reaching €130m in 2017 across 8 countries (UK, France, USA, Norway, Sweden, Finland, Denmark and Australia). This strong growth is due in part to organic growth achieved from new customers and carried by the progressive outsourcing of this type of services, in addition to an external growth policy supported by the acquisition of 7 companies between 2006 and 2017.
ActoMezz wishes to provide support to the management team during its development, in particular by supporting corporate growth projects.
Jérôme Conquet, CEO at Prenax Group states: “I am delighted by the arrival of EDRIP. Their financial support will enable the Prenax Group to expand its growth horizons.”
Laurent Fichter, Managing Partner of ActoMezz within EDRIP, adds: “It is a great pleasure to work alongside Prenax management as we mark this new phase in their Group’s development. We are quite impressed by their performance over the last few years and their confidence in growth prospects as displayed by their strong will to reinvest in this transaction as well as the association of new key equity managers.”
This is the fourth transaction carried out by the ActoMezz III fund. Financing was closed in 2017 after having raised €315m.
EDRIP: Laurent Fichter, Jean-Baptiste Bessières, Antoine Soucaze