ELYAN enters into exclusive negotiation to acquire a majority stake in STORDATA, the data management and security expert

STORDATA (or the “Company”) is opening a new chapter in its history by announcing exclusive negotiations for the acquisition of a majority stake by ERES IV, a fund advised by Elyan Partners (“ELYAN”), from the founders and executives of the Company. Sharing the ambition to build a leading European platform, ELYAN and the management team would work together to develop cloud and cybersecurity offerings, while accelerating external growth projects.

Marc Michel, co-founder of STORDATA, and Olivier Teichman, CEO of STORDATA, would reinvest alongside ERES IV. Olivier Teichman would remain CEO.

Founded in 1988, STORDATA has established itself as a reference partner for the digital transformation of mid-size and large companies, with 500 clients. An expert in architecture, administration and maintenance of security and data management systems, particularly in the cloud, the Company provides critical continuous access services that allow its clients to leverage their data in a complex and constantly evolving IT environment.

Headquartered in Versailles, France, the Company has experienced sustained growth in recent years and will soon exceed €100 million in revenues. It aims to strengthen its leadership in the market and accelerate organic growth by developing its service offerings around cybersecurity and cloud services. With its expertise and the support of ELYAN, STORDATA will seek acquisition opportunities, with the ambition of becoming a leading European platform.

The completion of this transaction would take place during the first half of 2024, subject to prior approval by the competent regulatory and competition authorities.

Marc Michel, co-founder of STORDATA, said:

“I would like to thank the STORDATA employees who provide impeccable service quality to our clients, a guarantee of long-term relationships, as well as our suppliers for the trust they place in us by accompanying us in the execution of mission-critical services for our clients. The success of STORDATA is based on solid fundamentals and the arrival of a partner like ELYAN will accelerate growth, in line with the Company’s strategy and culture.”

Olivier Teichman, CEO of STORDATA, stated:

“We are looking forward to working with the ELYAN team in developing further STORDATA in France and internationally. We share with them a common ambition to consolidate a leading European position, particularly through strategic acquisitions, relying on a solid underlying market. I am enthusiastic about ensuring strategic continuity and remain involved in the project, as an investor and as President.”

Jeremie Melin and Vincent Manes, Partners at ELYAN, said:

“We have been impressed by the performance and high level of expertise of the STORDATA teams, who will be the foundation of our future collaboration. Marc Michel, Olivier Teichman and the entire STORDATA team have developed trusted relationships with their clients and technology partners. Together, we will be able to take advantage of new opportunities that will allow the Company to offer even more value to its clients. We wish to contribute to this value creation through a collaborative approach, particularly through targeted acquisitions and strengthening of its service offerings, particularly in cybersecurity and in the cloud.”

DEAL ADVISORS

ELYAN team: Jérémie Mélin, Vincent Manès, Guillaume Vacherand, Claire Russel

Acquirers & advisors:

Houlihan Lokey (Sara Napolitano, Camille Gay, Arnaud Prin, Charles Martin, Ylliesse Gueham, Enea Blloshmi)

DE PARDIEU BROCAS MAFFEI A.A.R.P.I (Matthieu Candia, Laura Delas in Corporate Law, Priscilla van den Perre and Enguerrand Maloisel in Taxation Law, Sébastien Boullier de Branche, Eryk Nowakowski and Aude Fourgassie in Financing Law, Alexandre Eberhardt and Maria Sofia de Felice in Competition Law and Côme Chaine and Justine Minguet in Regulatory Law)

EY Parthenon (Thomas Solelhac, David Canaple)

Deloitte TS (Frédérique Lévêque-Chenevoy, Elisabeth Juan)

Deloitte Société d’Avocats (Olivier Venzal, Laurent Khemisti, Eric Guillemet, Tiphaine Begin, Cécile Debin, Clémence Colson)

ERM (Maryelle Ouvrard, Aurélien Beckmann)

Sellers & advisors:

Translink (Marc Irisson, Antoine Tanguy, Alexandre Perez, Boris Muller, Manon Duboeuf, Bruno Lampe)

Cohen Amir-Aslani (Gérard Cohen, Karine Fitau, Anne-Laure Kerneïs, Rébecca Guyot, Anne Rebierre, Lionel Turpin)

Cabinet Eric Delattre – Avok (Eric Delattre)

Mazars (Gregory Volpi, Cyprien Benoit, Pedro Sarmiento, Marc El Abiad)

ABOUT ELYAN PARTNERS & ERES IV

Elyan Partners SAS is a financial investment advisor and partner of Edmond de Rothschild Private Equity. Elyan is the exclusive advisor to the ERES funds and an advisor to the Privilege funds of the Edmond de Rothschild Group. Edmond de Rothschild Equity Strategies IV SLP (“ERES IV”) invests in medium-sized companies in Europe and North America, primarily in four themes: the biotech ecosystem, digitalization of B2B services, financial services and new consumers.

Edmond de Rothschild Private Equity is the trade name of the Edmond de Rothschild Group’s private equity entities and has over CHF 3.6 billion of assets under management. With an entrepreneurial approach to finance and supported by strong convictions, Edmond de Rothschild Private Equity builds and develops differentiated investment strategies that provide a sustainable response to environmental and social issues. Founded in 1953, the Group had nearly CHF 158 billion in assets under management as of 31 December 2022, 2,500 employees and 30 offices worldwide.

ABOUT STORDATA

STORDATA is an independent expert in data and virtualization, combining consulting, transformation management, administration and maintenance of data security and management systems. Its cloud offering (StorCloud) is ISO27001 and HDS (Hébergeurs de Données de Santé - Health Data Hosts) certified.