Cabestan Capital supports the new development phase of the intellectual property consultant IPSIDE (formerly Schmit-Chrétien)

Small Caps capital development - 9/13/2016

Christophe Cornuéjols (chairman) and his managers have become majority shareholders via MBO of IPSIDE Group, the takeover holding company, alongside the professional private equity fund, Cabestan Capital. As part of the transaction Messrs Schmit and Chrétien, the founders, have sold 100% of their holding.

Ipside Group is one of the leading French firms in the intellectual property consultancy sector. Its business model is based on the marketing of packages and consultancy services for the submission of patents and trademarks, notably in Europe, USA, China and Japan.

Ipside currently has 70 employees, including 22 patent engineers and 13 lawyers based at 6 regional offices in France and 3 abroad, generating total turnover of some 15.5 million euros.

Specialist lawyers provide support in the fields of trademarks, designs, domain names and copyright. Engineers and scientists with the highest levels of expertise participate in all fields, with established competence in aeronautics, biotechnology, pharmacology, software and IT, in which Ipside is the market leader. Among its clients the firm is able to boast the top names in these business sectors.

The objective is to see the company become one of the top 5 consultancy firms in the intellectual property sector by 2020.

The company will pursue a phase of accelerated growth with the target of developing its subsidiaries in the USA and China established during 2016 in order to achieve 15% of its income in these markets within 5 years, thereby creating the springboard for future growth. It is also seeking to increase the share of its business generated in France by more than 50%. To this end, IPSIDE is currently holding discussions with a number of potential clients.

Christophe Cornuéjols, Chairman of Ipside: "We are delighted to welcome the Cabestan Capital fund managed by Edmond de Rothschild Investment Partners as a benchmark shareholder. This new phase will enable us to establish clear governance and provide us with the development resources we require, notably in support of our expansion strategy in both France and USA/China."

André Renaison, Investment Director at Edmond de Rothschild Investment Partners: "IPSIDE has successfully created high levels of strategic value for its clients in France. Through this low-leverage MBO, IPSIDE is now able to achieve its strategic plan in France, USA and China. We will provide it with whatever assistance it may require, notably thanks to our historic experience in external growth international business development."

This transaction is the 18th investment made by Cabestan Capital, which is now 94% invested.

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