Investments

Buyout
  • Linedata Services logo Buyout
    Buyout

    Linedata Services

    France

    Technology, Media and Telecom

    Exited

    Technology, Media and Telecom

    Early 1998, Ardian teamed up with managers of GSI Banque in the takeover of their company. At the time revenues stood at €12m with 80 employees. Six months later, GSI Banque merged with Linedata, an IT firm specialising in management solutions for collective investments and employee savings schemes. The newly constituted group then set out, with the ongoing support of our staff, in pursuit of an intense policy of acquisition. This strategy of build-up culminated in the acquisition of eight firms in Europe and USA in just a few years, followed by the company’s IPO in May 2000. By 2003, when Ardian pulled out, revenue had surged by a factor of 8 to € 100m. Trading margins stand at over 16% and the group employs nearly 700 people in Europe and USA.

We appreciate Ardian’s unique support on our growth path that helped us very much to become market leader and position us ideally for future growth.”

Daniel Schustermann Managing Director of Schustermann & Borenstein

It is an efficient team, determined and confident in its choices, and always attentive to its partners. The relationships of trust that the Ardian team builds over time, with the management teams and, beyond that, with the advisors around them, are part of their DNA.

David Aknin Lawyer