Clipperton acted as financial advisor to MBO & Co on its investment in Praxedo

Clipperton is pleased to announce it acted as financial advisor to MBO & Co on its investment in Praxedo, a fast-growth SaaS player considered as one of the reference solutions for Field Service Management.

Founded in 2005 by Jean de Broissia (CEO) and Pierre Lavigne (CTO) and headquartered in France, Praxedo offers best-of-breed Field Service Management software solutions allowing its customers to manage their field teams interventions by collecting and processing data in real time.

Praxedo has been experiencing a strong acceleration of its growth for several years, driven by a dynamic and growing international market, a highly relevant value proposition and a best-in-class financial and operational profile. The company currently supports more than 1,000 customers in France and abroad, with offices in Germany, Spain, the UK, the United States and Canada.

Deal Highlights & Clipperton’s Role

Praxedo will use this new funding to further accelerate its expansion, both in Europe and the United States, and to reinforce its leading position in FSM solutions.

With €750 million under management, MBO & Co invests in growth and transformation projects with a strong focus on supporting ambitious managers in executing their expansion strategies.

Clipperton acted as financial advisor to MBO & Co in the discussions with the sellers and managers and the structuring of the deal.

This transaction adds to the list of SaaS transactions successfully managed by Clipperton, following DentalMonitoring’s $150m growth financing round led by Mérieux Equity Partners, thereby joining France’s “Unicorn Club”, Carlyle’s $70m investment in Inova or AssessFirst receiving a growth investment from CAPZA Growth Tech.

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About Clipperton
Clipperton is a leading investment bank dedicated to technology and growth companies: we provide strategic and financial advisory to entrepreneurs, corporates, and top-tier investors in Europe willing to execute transactions such as strategic M&A, private equity transactions and private placements.
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