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May 7, 2018

Cathay Capital, Bpifrance to buy majority stake in NeoXam

Cathay Capital and Bpifrance have reached an agreement to buy a majority stake in French financial software company NeoXam from BlackFin Capital Partners.

NeoXam, a provider of data management and transaction solutions to financial institutions, have witnessed more than 25% increase in revenues over the past two years. The company has secured more than 32 deals and hired over 150 staff.

With these new partners, NeoXam’s management aims to use the strong growth of the market and the technological assets of its data management, portfolio management system and back office solutions to position the group as a global leader.

NeoXam said it will leverage the global footprint of Cathay Capital to strengthen its footprint in important markets, especially APAC and the US.

NeoXam founder and CEO Serge Delpla said: “Since 2014, we have been creating with BlackFin a new leader, aggregating together established software and seasoned teams with fast-growing French gems. Now, Cathay Capital’s proven track record and Bpifrance’s institutional strength will be pivotal in providing us with the resources needed for NeoXam’s expansion plans.

“Our global business will undoubtedly benefit from the Cathay Capital network, particularly in China and North America, to continue to deliver world-leading financial solutions to our customers.”

Bpifrance investment director Benoist de Saint Lager said: “Demand for new software solutions in the asset management sector is expected to grow significantly in the coming years. We are looking forward to work with NeoXam’s team to help them grow and strengthen their leadership status in a European financial ecosystem we know well. Besides, we are pleased to partner once again with Cathay Capital.”

The financial terms of the transaction, which is scheduled to be completed by the end of May this year, were not disclosed.

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