Private equity firm AnaCap has made a 2.6x return on investment with the sale of Ellisphere, a French business intelligence company, to Andera Partners, Tikehau Capital and Bpifrance.
The sale of the business represents an IRR of over 50%.
The exit comes after just two years since AnaCap’s initial investment in the business, which backed its management team led by CEO Valérie Attia.
Ellisphere specialises in data and analytics, providing business and marketing information services to enable clients to develop their customer portfolios, manage risk and monitor client exposure. Its technological platform Darwin uses artificial intelligence and machine learning to provide tailored solutions.
The company employs more than 300 staff across eight locations in France and has around 6,500 clients.
Nassim Cherchali, Managing Director at AnaCap, said: “When we invested in Ellisphere in April 2017 the company had an extremely attractive platform with a unique position in the French market, giving direct access to an already impressive client base, while providing the opportunity to serve them with a wider product offering."
"This underpinned a strong growth trajectory in a short period of time, both in its core historical credit scoring product as well as its recently established Compliance offering.”
Valérie Attia, CEO at Ellisphere, added: “AnaCap’s experience in both the application of digital technology to develop a broader suite of products and in the internationalisation of revenue streams has been an important part of our growth story.”