UI investment enters the capital of Avanteam
We are proud to announce the completion of a decisive step in our Cap 2025 project, with the entry into our capital of UI Investissement and ten key managers of Avanteam!
This transaction, successfully orchestrated by PAX Corporate Finance 👋, will allow Avanteam to initiate a new phase of its development on the fast growing DPA (Digital Process Automation) and EDM (Electronic Document Management) markets, which are at the heart of the digital transformation of companies.
Avanteam, which has just achieved a turnover of nearly €9m, with a 28% growth over the last financial year, will thus be able to intensify its investments in its innovative low-code application modelling platform and its catalog of business applications: quality, risks, purchasing, supplier invoices, contracts etc.
The entry of UI Investissement as a minority shareholder, alongside the founders - Mehrad Rushenas and Patrick Van Loo - who remain the majority shareholders, was also an opportunity to involve key managers. Beyond this operation, it is already planned to involve a wider circle of employees in a virtuous objective of value creation and sharing.
This new chapter marks a turning point in the history of Avanteam and testifies to its great development ambitions for the years to come.
Click here to read the press release in detail.
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