Jun 2003

HTI is bought by Apside

Customers and counterparties

HTI’s strategy:

The objective of the manager and his wife, also a shareholder, was to realise their assets.

Apside’s strategy:

Apside was interested in HTI’s population of engineers, which matched the profile of its own employees and the needs of its clients.

In addition, Apside was diversifying into trading rooms, an activity that consumes engineers.

The context

The terms of the deal were

a cash payment for 2/3 of the transaction price
an earn-out of one year on 1/3 of the price.
PAX’s contact: Jacques BERTHELOT

Associate members