January 15, 2024
Following a process led by Translink Corporate Finance in France, Elyan Partners has entered into exclusive negotiations for the acquisition of a majority stake in Stordata. This transaction would enable the reinvestment of the current executive shareholders, Olivier Teichman, Executive Chairman and co-founder, and Marc Michel, CEO and co-founder.
Founded in 1988, Stordata has established itself as a key partner in the digital transformation of companies, serving numerous clients, mid-sized and CAC 40 companies. As an expert in the architecture, administration and maintenance of data security and management systems, particularly in the cloud, the company provides critical continuous access services, enabling its customers to value their data in a complex and constantly evolving TMT environment.
Based in Versailles, the company has experienced rapid growth over the past few years and is soon to exceed €100m in revenue. It aims to strengthen its leadership in the market and accelerate its organic growth by expanding its service offerings in the fields of cybersecurity and cloud. Leveraging its expertise and with the support of Elyan Partners, Stordata intends to position itself for significant acquisitions, with the ambition of becoming a leading European platform.
As part of the transaction, Olivier Teichman would retain control of the company’s operational management.
Completion of the transaction would take place in the first half of 2024, subject to prior approval from the relevant regulatory and competition authorities.
Olivier Teichman and Marc Michel, founding co-CEOs of Stordata said: “We are delighted to be working with Elyan Partners to launch a new phase in Stordata’s development, based on solid market tailwinds, our strong expertise and strategic acquisitions, with the aim of building a European leader. We will continue to focus on service quality for all our customers, and to build relationships of trust with our technology partners, while consolidating our corporate culture. We would also like to thank all our employees, whose investment and know-how have been the foundation of Stordata’s success for many years.”
Marc Irisson, partner at Translink Corporate Finance France, said: “Stordata is a unique asset on the market. Its management team, led to date by Marc Michel and Olivier Teichman, and all its employees, have achieved remarkable growth and built an extremely solid foundation for the future. Translink Corporate Finance France is delighted to have been able to support Marc and Olivier in this crucial stage of the company’s development. The arrival of Elyan Partners as a majority shareholder will be a real catalyst for Stordata’s growth in a market with a bright future”.
Translink Corporate Finance France has been mandated by Stordata’s shareholders for its expertise in the TMT sector, particularly in information technology consulting, and for its ability to manage a process including candidates from around the world.
Olivier Teichman and Marc Michel conclude: “We chose to work with Translink Corporate Finance France for their understanding of our business and their knowledge of our ecosystem. And we were right: the team surrounded us with a lot of kindness and professionalism and was present throughout the process. We are delighted with the progress of this operation and its conclusion.”
Contact our Team Members advising in this transaction:
Translink Corporate Finance is an independent partnership of firms dedicated to Corporate Finance and M&A advisory services through over 36 offices in the key markets in Europe, North and South America, Asia, Australia, and Africa. Translink has been successful in advising clients on thousands of transactions since its founding in 1972 and Translink offices have acted as advisers in over 100 M&A projects during the last twelve months.
Acting for over 50 years, Translink Corporate Finance is a global leader in SmidCap M&A (valuations ranging from €10 to 200 million), bringing together 350 investment bankers in 36 countries. In France, the team consists of more than 20 professionals dedicated to M&A and financing operations, possessing sector-specific expertise in TMT, business services, healthcare, industrials and energy.