Francisco Partners has bought a majority stake in Emailvision through its acquisition vehicle EMV Holdco. France based Emailvision is a listed on the Alternext Paris market of NYSE Euronext and provides software for email-marketing.
EMV Holdco SAS has acquired 58.9 per cent of Emailvision shares and 58.6% of the voting rights for a cash price of €3.95 per share from CEO Nick Heys, General Manager Guy Porré, Sofinnova Partners, and Seventure Partners amongst others.
Heys, Porré and the exsisting management team will continue to lead Emailvision, however four board members have resigned due to the changes. Other members on the board are Deep Shah and Neil Garfinkel, both coopted upon proposal by EMV Holdco SAS
Emailvision’s 2009 International Financial Report indicated a strong growth rate with sales increasing by 35 per cent. The company completed the year with €29.3m in revenues.
Deep Shah of Francisco commented, “Francisco Partners is excited to partner with Emailvision to support its development. We believe that the company has a world class software service for email marketing and a highly talented team.”
Francisco’s legal advisers came from Franklin, with Oddo Corporate Finance acting as their financial advisers. Jones Day and Aramis were the legal advisers for Emailvision and Pacific Crest Securities were financial advisers to the deal.