AXA Private Equity to Acquire 45% Stake of Arkadin
The company intends to use the proceeds from the investment and AXA Private Equity’s operational expertise and international network to strengthen its position in the major collaborative services markets of the US and Europe, as well as accelerate its development in the emerging markets of Asia and Latin America.
The transaction, which sees AXA Private Equity acquiring a 45% stake in the company, is still subject to antitrust agreement and is scheduled to close by the end of July 2012. It follows the exit by the historical investors, Apax Partners, Altamir Amboise, Innovation Capital and UFGSiparex, which supported Arkadin during the first stage of its development.
Founded in France in 2001 by Olivier de Puymorin, CEO, Arkadin provides 25,500 customers with a complete range of remote collaboration solutions (audio, web and video conferencing services) delivering its business solutions using a SaaS model.
The company has 1,000 employees in 29 countries and generated turnover of €159m in 2011.