Ardian to support growth and international expansion at Jechange.fr by taking a stake in the company

Since it was set up in 2006 by a co-founder of the media agency Nextedia, the company has enjoyed growth sustained by its operations in fast-changing markets. The management team of what had originally been a pure price comparison site changed its business model after the successful purchase of DSLValley in 2009, allowing JeChange.fr to act as an intermediary, enabling consumers to change all of their utility contracts in one place. Having established its leadership in comparing energy and telecoms offers, JeChange.fr is also aiming to become a leader in insurance broking. In addition, the company offers online banking and loans.

Gaël Duval, founding chairman of Jechange.fr, said: "In early 2016 we opened up our services to business customers, becoming a real partner for entrepreneurs by providing made-to-measure services that helped them save money. We are now seeking to develop more rapidly outside France, especially in Spain, Italy and Belgium, and strengthen our relationships with our local partners and suppliers. As we embark on this new phase, Ardian is a natural long-term partner, given its ability to work alongside us internationally and its familiarity with the other players in our market."

As well as diversification and international development, the objective of this investment is to continue Jechange.fr’s policy of offering high-quality service offers, which has been in place ever since it was founded. 

CEO Philippe Goold said: "In terms of the company's future, this investment marks a key stage. It not only enables us to develop internationally but also to build up our capacity for innovation in the interests of our customers, to leverage our brand identity and to branch out more effectively into the world of personal finance. Thanks to our new partner, we will be able to embark on a proactive strategy of internal and external growth. "

Frédéric Quéru, Senior Investment Manager at Ardian Growth, added: "The management at Jechange.fr won us over with their ambition and their realistic and innovative view of the market. It is a market in which Jechange.fr is placed to become a leading European player."

The transaction involving Jechange.fr is Ardian Growth's fourth since the start of 2016, following on the heels of TimeOne and reinvestments in Bricoprivé and HR Path. Ardian Growth is positioning itself as the preferred partner for growing and profitable SMEs with turnover of between EUR 5 and 100 million.