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2010

PAX Corporate Finance organizes an Owner Buy Out (OBO) for INVIVOO shareholders.

Clients & Contrepartie

Created in 2004, INVIVOO is an IT consulting and development company in market finance. Today, the company is a major partner of financial and investment banks in the Paris financial centre.

The company offers a wide range of services with high added value, based on both IT and market finance skills.

INVIVOO is particularly recognized for its skills and experience on trading platforms (Order Management System, real-time trading machines, financial engineering on pricing and hedging models, e-commerce platform).

INVIVOO employs about fifty consultants for a turnover in strong growth of more than 6 million euros in 2008.

The company chose PAX Corporate Finance to organise a capital restructuring operation and within this framework, several alternative solutions were tested both with investment funds and industrialists in the sector.

At the end of the process led by PAX Corporate Finance, it is finally an operation structure of the “Owner Buy Out Sponsorless” type which retained the interest of the leaders. This OBO enabled them to organise the exit of a shareholder holding 38% of the capital under conditions satisfactory to the parties.

The operation saw the creation of a takeover holding company financed exclusively by setting up a senior debt with BNP PARIBAS.

“This leveraged financial transaction allows us to concentrate the company’s capital without reducing INVIVOO’s ability to take advantage of the sector’s future recovery,” commented Guillaume Morel, president and founder of the company.

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