Goodwin’s Private Equity team advised IK Partners, a pan-European private equity firm, on an agreement to acquire a minority stake in OCTIME Group, a leading French provider of HR solutions, specializing in human resource planning and time management.
IK Partners will acquire its stake from existing shareholders, including Group President Guillaume Berbinau, who remains the majority shareholder, Nicolas Michel-Vernet, Managing Director, and their management team. Andera Partners, a shareholder since 2016, is renewing its support and reinvesting in this transaction.
Based in Biron, in the Pyrénées Atlantique region of France, the OCTIME Group has been helping companies of all sizes and in all sectors to digitize their human resources for 25 years in order to create the conditions for fairness and well-being at work. Present in all sectors of activity (retail, services, hotels, etc.), the Group is a leading player in the health and medical-social sector.
With this operation, the group plans to affirm its commitment to external growth in France and abroad, and to strengthen its presence in France and Spain through the pursuit of an active buy-and-build strategy focused on European neighboring countries.
The Goodwin team included Maxence Bloch and Benjamin Garçon on corporate aspects.