Following a competitive process, DDA & Company assists in the reorganisation of Pixagility Group’s capital. As part of the operation, the historical investors have sold their shares. Ronan Lunven, founder, strengthens his position in the capital and welcomes Philippe Monzein, former Chief Operating Officer, promoted to CEO.
The OBO’s operation (“Owner Buy-Out”) is supported by Banque Populaire Rives de Paris and Société Générale, participating in the senior debt, as well as Caisse d’Epargne Ile-de-France and Haut-de-France participating in 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 audio-visual content. The group has 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 that enables it to support French and local telecom and media in many African countries.
With this operation, the founder Ronan Lunven intends to prepare his managerial succession and also to accelerate the development of the group by enriching its offer and expanding its area of intervention in Europe and Africa where the group is already present through its Ivorian’s subsidiary.
Ronan Lunven, Founder and Pixagility’s Chairman, says: “I am very pleased with the completion of this operation which is a new step in the Pixagility’s life. I have full confidence in Philippe Monzein with whom I worked for many years in order to continue the development of the company with me and eventually take the helm.
DDA& Company’s teams have demonstrated an indisputable know-how in the execution of this operation, with the best interests of all and in record time.”
Philippe Monzein, Pixagility’s Group CEO, explains: “This operation is a continuation of a collaboration of more than 8 years with Ronan Lunven at Pixagility. I am grateful for the trust he has shown me. The entire Pixagility team is totally committed to continue our development.”