Comdata Group continues its expansion in Europe, completing the largest deal

5 avril 2022


Comdata Group acquires Izium Group

Comdata Group continues its expansion in Europe, completing the largest deal
since The Carlyle Group acquisition in December 2015.

Milan, 1st August 2017 – Comdata Group, the leading international CRM Business Process Outsourcing provider, has acquired from Izium Group its 100% stake in B2S, – one of the top players in France in the outsourcing of CRM services with sales around €170 million, active in the French domestic market with operations onshore as well as offshore in Morocco and Madagascar -, along with BCust, Colorado Conseil and CMS, companies operating in technology solutions, CRM consulting and B2B debt collection respectively.

With overall 2016 revenues of €180 million, the 4 different companies employ approximately 6,000 people, serving 150 different customers.

The acquisition was funded via debt and equity, the latter provided by Maxime Didier, founder and majority shareholder of Izium Group, who reinvested in Comdata Group, becoming the second largest shareholder of the Group. In the context of this acquisition, Comdata raised, for the first time, financing from institutional credit funds marking its debut in the international debt capital markets.

Massimo Canturi, Comdata Group CEO, said: “We are particularly pleased to announce this deal today, that takes Comdata Group to a new stage, as well as to have Maxime Didier and his team with us. It will be the last and the largest of a long list of M&A deals accomplished since the entrance of The Carlyle Group: Digitex in Spain and LatAm, Win in Turkey, Overtop Group again in Spain. With this acquisition, in 2017 we will reach more than €750 million in sales proforma, positioning the Group in the top 5 ranking of CRM BPO industry in Europe. By acquiring B2S and its sister companies, we do not only mark a new footprint in Continental Europe, but we also gain a more balanced and diversified clients portfolio with significant exposure to sectors different from telecom and a customer base that exceed 550 clients. Furthermore, I’m sure that our newly enlarged client base will generate significant cross selling opportunities through the Group’s distinctive service capabilities”.

Maxime Didier, founder and President of Izium Group, reinvesting in Comdata Group, added: “Comdata Group’s choice as the partner of our future is essentially based on the quality of their project, their vision of the future, and the shared values with its management team: responsibility, flexibility, and innovation to achieve growth. We are all extremely enthusiastic about this new page we’re writing together now, and to which I will contribute continuing to manage the companies I created in France more than 20 years ago and becoming a significant shareholder of Comdata Group. We have a great opportunity in front of us, with a bigger and a more diversified company we can truly compete globally. In France, in particular, we will be in a position to commercialise new BPO services such as back office process management solutions, where it would have taken much more time if we had to achieve this goal counting only on our strengths”.


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