Founded in 2005 by Jean de Broissia (CEO) & Pierre Lavigne (CTO), Praxedo provides best-of-breed SaaS-native solutions for Field Service Management (FSM) operations, allowing its customers to manage their field teams interventions by collecting and processing data in real time. Recognized as one of the reference solutions on the market, the Company has been experiencing a strong acceleration of its growth for several years, driven by a dynamic global underlying market. It now employs nearly 140 people and serves more than 1,000 clients in France, Germany, North America, Spain & the United Kingdom from small companies to large accounts
While Praxedo has always been bootstrapped since inception, the Management decided to look for a minority partner to help structure the company and accelerate international development in both Europe and the United States. After a highly competitive process gathering French and international private equity sponsors, the Management selected MBO & Co as sparring partner for the coming years, sharing the same corporate culture, human values and ambition for growth, in order to continue achieving high-double digit organic growth and pursue its international expansion
Founded in 2005 by Jean de Broissia (CEO) and Pierre Lavigne (CTO) and headquartered in France, Praxedo develops Field Service Management software solutions. The Company helps its clients to track, manage and optimize the operations and processes of their technicians on the ground, leveraging a SaaS-native solution designed for mobile since inception. The company currently supports more than 1,000 customers (from small companies to large accounts) in France and abroad, with offices in Germany, Spain, the UK, the United States and Canada.
MBO & Co manages €750m dedicated to private equity investments in SMEs by investing between €10m and €50m in ambitious development and transformation projects. MBO & Co partners with committed entrepreneurs, providing them strategic advices and operational & organizational efficiency with the shared purpose of combining sustainable growth and financial performance.
Should you want to know more about this transaction, you can contact one of the team members above
Bryan, Garnier & Co acted as Sole Financial Advisor to Praxedo and its founders
Bryan, Garnier & Co organized, prepared and led a competitive process involving Tier-1 French and international private equity firms
This marks another landmark transaction for Bryan, Garnier & Co’s software practice and is a further demonstration of its expertise in growth private equity-led transactions. Other notable transactions in the space include the acquisition of Dilitrust by Cathay, Eurazeo and Sagard, the investment of Five Arrows Growth Capital in Padoa, the sale of Eudonet to Montagu, TA Associates’ majority investment in DL Software, HG Capital’s majority investment in SmartTrade, the investment of Cathay into Futurmaster and the sale of EasyVista to Eurazeo PME