Private equity firm Keensight Capital has acquired a stake in the capital of LINKBYNET, a provider of outsourced IT services, cloud computing and security.
LINKBYNET group, which was founded more than 15 years ago, is a leading player in managed services with a strong market recognition in outsourcing and cloud services, web e-business and information systems. LINKBYNET supports companies, whether they are large corporates or SMEs, in their migration to the cloud.
LINKBYNET has more than 600 employees and is established in eight locations across the globe, with offices in France (Paris, Lyon and Nantes), Asia (Hong-Kong, Vietnam and Singapore), Canada and Mauritius. It achieved a turnover of EUR44 million in 2015.
As part of this transaction, Keensight Capital will invest EUR50 million in LINKBYNET. Through its expertise in the sectors of software and IT services, and more generally in media, internet and information technologies, Keensight Capital will support LINKBYNET’s management in implementing its external growth strategy as well as its international development.
Stéphane and Patrick Aisenberg, co-founders of LINKBYNET, say: “This is the very first time that an investor has acquired a stake in our company and we are happy to welcome Keensight Capital as part of a trust-based partnership. Given their experience of the challenges of our business and their international track-record, we are convinced that they will make the perfect partner to give a boost to our development and to support our growth strategy.”
Philippe Crochet, partner at Keensight Capital, adds: “We are delighted to take a stake in LINKBYNET’s capital and to have gained the trust of managers such as Stéphane and Patrick Aisenberg, two major entrepreneurs with strong development ambitions. LINKBYNET operates on a fast-growing market segment and is ideally positioned to benefit from this dynamic and to become an international leader within this market.”
