Groupe Sinari, France's leading provider of software solutions for the road hau-lage and logistics sector, announces Bridgepoint Development Capital (BDC) as a new majority shareholder to accelerate its growth.
Groupe Sinari, French publisher and leader in software solutions for the road haulage and logis-tics sector, is pursuing its ambitious development strategy. With 260 employees and offices in France and Belgium, Sinari supports its customers in the transport and logistics sectors, helping them meet the challenges of tomorrow.
With revenues amounting to almost 40 million euros and more than 6,000 customers, Sinari opted for a new LBO in which Bridgepoint Development Capital (BDC) acquired a majority stake, along-side its existing shareholders (New Alpha Verto and its management).
Groupe Sinari is positioned in a particularly buoyant software publishing market, mainly addressing the transport and logistics industries:
- The breadth of Sinari's offering enables them to address both small companies with flexible, easy-to-use solutions, and large international transport groups.
- Sinari and its subsidiaries offer a complete range of Transport Management Systems (TMS), Fleet Management Systems (FMS), Onboard Computing and Social Management, Warehouse Mana-gement Systems (WMS), Route Optimization, Garage Management and Career Management.
- Demand is increasing in certain verticals, notably as a result of regulatory changes.
- The digitization of data exchanges between players in the supply chain eco-system (shippers, logistics providers and carriers) is accelerating and becoming a driving force behind market deve-lopment.
- In addition, the Covid-19 crisis and the rise of e-commerce have highlighted the importance for all companies to control their logistics flows.
The company, born of the merger of OMP and GPI in 2019, has thus enjoyed significant growth in recent years following successive acquisitions, that have enabled the group to strengthen its core market (TMS, telematics and WMS) and expand into new geographies (Benelux). The company is the market leader in France, and very well positioned to continue consolidating the European market. To achieve this, Sinari has chosen to enter into a partnership with Bridgepoint – notably due to its extensive experience in this field, thanks to its investments in Memnon Networks (TMS) and more recently PTV (traffic management solution). BDC will support the group in accelerating its international development and developing in new vertical markets.
Sébastien Rufflé, CEO of Groupe Sinari, comments:
« My team and I are delighted to have Bridgepoint Development Capital join us. It is a partner who shares our vision of the market and supports the project we launched five years ago. We are con-vinced that the digitalization of supply chain operating methods is a driving force for simplifying exchanges and making them more responsible. We are already a major player in this transforma-tion in France, thanks to the experts in the transport sector that have joined the Group over the years. We must continue to develop this know-how, but also extend it to other geographies to support this transformation, that transcends borders. That is what this new partnership is all about »
Thomas Moussallieh, Bridgepoint Development Capital Director, comments:
« We are delighted to have the opportunity to support the Sinari teams in their ambitious European development project, which is at the heart of BDC’s strategy, in particular to support a software leading player in its segment. In addition to the company's market potential and its leading posi-tion in France, we were quickly won over by Sébastien and his team: his vision of tomorrow's chal-lenges and his determination to anticipate the changes taking place in the world of software for carriers convinced us to get on board this ambitious project. We are also particularly sensitive to the projects of companies supported by our investments, and Sinari's project to reduce CO2 emis-sions, thanks to its telematics and route optimization solutions, echoes the values we support. »
About Groupe Sinari - www.sinari.fr
Groupe Sinari brings together the know-how of expert and recognized companies, consolidating over 30 years of experience in the road haulage and logistics sectors. Created in 2019 and based in Cesson Sévigné, near Rennes, Groupe Sinari has existed through its subsidiaries since 1977. Thanks to its 260 employees, the group equips over 6,000 companies with its solutions: it was built around the companies OMP, Eliot, Gpi, Stock-it, IT 2000, TAS-TMS, Cofisoft, CJM, Xyric, ITEM, AxioRoute and Negsys. The Group's mission, under the leadership of its CEO Sébastien Rufflé, is to give every player in the supply chain, and especially carriers, simple access to efficient software solutions, and to facilitate their interconnection while respecting one another.
Follow Sinari on LinkedIn
About Bridgepoint Development Capital (BDC)
With a team of 36 investment professionals in Europe (including 13 in Paris), Bridgepoint Deve-lopment Capital (BDC) is one of the few mid-cap investors able to support the international deve-lopment of small and mid-sized companies through its nine investment offices and operational teams based in New York, San Francisco and Shanghai. BDC invests between €40m and €150m through its latest fund, BDC IV, which was raised in 2020. BDC's portfolio consists of nine compa-nies to date: Sotralu (2014), Anaveo (2015), PrivateSportShop now Sportscape group (2018), Cyrus and Sendinblue (2020), PlugIn Digital (2021), Cast and Cegos (2022), and Equativ (2023).
About Bridgepoint www.bridgepoint.eu
Bridgepoint Group plc is a listed international alternative asset manager focused on middle-market companies. With €39.5 billion of assets under management, the company has nearly 200 investment professionals in Europe, the US and China, covering four verticals (Advanced Industrials, Business and Financial Services, Consumer and Healthcare – with Technology as a horizontal). Bridgepoint invests with four distinct strategies: Mid-cap, Smid-cap, Growth and Credit. The Group has been present in France for over 35 years, where it has one of the largest investment teams and a track record of landmark deals.