{"id":15002,"date":"2019-09-12T15:22:44","date_gmt":"2019-09-12T13:22:44","guid":{"rendered":"https:\/\/staging.capitalmind.com\/?post_type=deals&#038;p=15002"},"modified":"2022-01-12T22:23:43","modified_gmt":"2022-01-12T21:23:43","slug":"sale-of-icar-datafirst-group-to-providence-strategic-growth","status":"publish","type":"deals","link":"https:\/\/www.investec.com\/advisory\/deals\/sale-of-icar-datafirst-group-to-providence-strategic-growth\/","title":{"rendered":"Sale of I\u2019Car Datafirst Group to Providence Strategic Growth"},"content":{"rendered":"<h2>About the deal<\/h2>\n<p><strong>I\u2019Car Systems &#8211; Datafirst group<\/strong> is the leading French provider for automotive retail software solutions and dealer management systems \u2013 (DMS, CRM, Business Intelligence &amp; web solutions). The group addresses major distribution groups, dealerships and OEMs in Europe.<\/p>\n<p>With Argos Wityu\u2019s support, I\u2019Car Systems and Datafirst merged in April 2018, with the ambition to become a leader in the fragmented European market.<\/p>\n<p><strong>Argos Wityu<\/strong> is an independent private equity group with offices in Brussels, Frankfurt, Geneva, Luxembourg, Milan and Paris. Since its creation in 1989, the group has invested in more than 75 mid-sized companies (Enterprise Value ranging from \u20ac25M to \u20ac200M). With \u20ac1bn under management, the group focuses on business transformation and growth, rather than on financial leverage.<\/p>\n<p><strong>Providence Strategic Growth<\/strong> is an affiliate of Providence Equity Partners, focusing on growth equity investments in lower middle market software and technology-enabled service companies. With over $40bn in aggregate capital commitments, Providence Equity pioneered a sector-focused approach to private equity investing, concentrating on the media, communications, information and education industries.<\/p>\n<h2>What we did<\/h2>\n<p>Investec supported Argos Wityu and the management during the entire process, including: tactical advice, pre-sounding of potential strategic acquirers and PEs, drafting of marketing documentation, assistance in negotiating the deal and coordination of all parties \u00a0(VDD, lawyers, auditors), organization of a competitive process with relevant buyers, execution support during the Due Diligence phase, valuation guidance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>About the deal I\u2019Car Systems &#8211; Datafirst group is the leading French provider for automotive retail software solutions and dealer&#8230;<\/p>\n","protected":false},"featured_media":0,"template":"","dt":[],"sector":[30],"dealtype":[37,33],"clienttype":[38],"class_list":["post-15002","deals","type-deals","status-publish","hentry","sector-tmt","dealtype-lbo","dealtype-sell-your-business","clienttype-financial-investors"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - 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