October 22, 2022
Innovafonds, supported by BNP Paribas Development, acquired a stake in the DMAX Group to accelerate its development through external growth.
DMAX was established in June 2006, with its head office based in Clichy (Hauts-de-Seine, France). It is the leading French provider of premium business and industrial relocation [Note MIR: transfer/moving] services. Founded and directed by Jérôme Jaman, DMAX has the unique ability to reinvent business by investing heavily in people, team training and technological innovation, thus enabling the Group to offer a complete range of premium services to its customers.
With a turnover of more than €30 million in 2021 and more than 400 employees, DMAX is present in France through 15 establishments located in Ile-de-France, Normandy, Hauts-de-France, Auvergne-Rhône-Alpes, Nouvelle-Aquitaine, Occitanie and Provence-Alpes-Côte d’Azur. DMAX supports numerous customers in all sectors of activity, particularly in the luxury goods, aeronautics, banking and insurance and telecommunications sectors, all of which are associated with quality and service.
At the initiative of Translink CF France, InnovaFonds and BNP Paribas Développement have invested in alongside the management in an Owner Buy Out (OBO) to reorganize the capital of DMAX Group and accelerate its development. Jérôme Jaman, DMAX’s founding chairman, remains the majority shareholder. Bank financing has been set up via a banking pool consisting of BNP Paribas, Banque Populaire Rives de Paris, Société Générale and LCL. The bank leverage is voluntarily very moderate, given the Group’s desire to finalise the scope of its geographical coverage and take advantage of the many existing opportunities for external growth in a market that is still very fragmented.
Strong ambitions expressed by the management of DMAX
The Group has already completed more than ten acquisitions, confirming its position as a consolidation platform in its market. Jérôme Jaman indicates that “two transactions of this type should be completed by the end of 2022 or the beginning of 2023 to strengthen the network in France and other transactions, also targeting premium segment of the market, are in the pipeline. “. Julien Jaman, Chief Executive Officer, adds “the entry into the share capital of InnovaFonds will allow the group to accelerate its development with a view to doubling its turnover within five years”.
Cyril Chaumien and Benjamin Colzart, respectively Managing Partner and Associate of InnovaFonds, commented: “In addition to the financial resources provided to the Group, InnovaFonds will actively support DMAX both in its targeted external growth strategy in France and in Europe (Germany and Spain), and in the strengthening of its vertical business activities, such as Project Management Assistance (PMA) and industrial transfer.”
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Headquartered in the city of lights, Paris, and with an office in the beautiful port city of Bordeaux, Translink CF France, formerly Financière Monceau CF, is an independent mid-market M&A boutique. Founded 10 years ago by finance entrepreneurs aged under 30, Translink CF France puts the emphasis on its entrepreneurial DNA when it comes to advising its clients.