After a competitive process led by DDA & Company, which generated strong interest, the historical investors have sold their shares. Ronan Lunven, the founder, is strengthening his position in the capital and welcomes Philippe Monzein, ex
Director of Operations, promoted to Group CEO.
The OBO (Owner Buy-Out) operation is supported by Banque Populaire Rives de Paris and Société Générale, participating in the senior debt, and Caisse d’Epargne Ile-de-France et Haut-de-France participating in the mezzanine debt.
Pixagility is a multi-service video platform that provides a technical link between producers, content owners and broadcasters by delivering and facilitating the deployment of audiovisual content. The group relies on an infrastructure and numerous points of presence around the world connecting Europe, Africa and the entire French-speaking world. To this end, Pixagility has a subsidiary in Abidjan which allows it to accompany French and local telecom and media players in many African countries.
Ronan Lunven, Founder and President of Pixagility, said: “I am very pleased with the completion of this operation which is a new phase in the life of Pixagility. I have full confidence in Philippe Monzein, with whom I have been working for many years to continue the development of the company and eventually take over from me.
DDA & Company’s teams have demonstrated an undeniable know-how in the execution of this transaction, in the best interests of all and in record time.”
Philippe Monzein, Pixagility’s Group CEO, said: “This operation is an extension of a collaboration of more than 8 years working with Ronan Lunven at Pixagility. I am grateful to him for this gesture of trust and confidence that he shows me. The whole Pixagility team is totally committed to continue our development.”
DDA & Company’s team, composed of Alain Sitbon and Florian Charrière, advised Pixagility shareholders on this operation.
This operation once again reflects DDA & Company’s expertise in the Telecommunications/Media market.