Lorentz, Deschamps & Associés (LD&A) advises Damilo Consulting’s executive shareholder on the sale of his application services company to ManpowerGroup
Paris, April 26th, 2012
Founded by Michel Teman, Damilo Consulting is an IT services company specialized in application development. The group counts over 500 employees and has offices in France, Belgium and Canada. It recorded revenues of 42 million Euros in 2011. Damilo Consulting has a strong presence in the financial and insurance industries, and has developed specific expertise, ranging from Consulting (finance, information systems, project management, project development) to application development and infrastructure management. Thanks to this expertise, Damilo Consulting offers the full service package which allows the group to accompany its clients during all the different stages of their IT project.
Following this acquisition, Manpower’s IT activities in France are expected to represent total revenues of about 140 M€ this year, with over 1,800 employees. Manpower will become the 35th biggest IT services company in France.
This transaction follows on the general evolution of this business sector. The French market is indeed both dynamic and fragmented. This explains why a number of French and international IT services companies are looking to participate in this consolidation phase.
LD&A has lead this transaction in close cooperation with PAC – Pierre Audoin Consultants, a consulting firm with over 30 years of expertise in market reports and strategic consulting for IT services company. LD&A and PAC offer the best combination of sector-specific knowledge and financial expertise to carry out such transactions.
LD&A team : Daniel Michel, Principal ; Charles Bourgeois, Analyst.
Corinne Charles : +33 46 04 75 30 / +33 6 60 64 33 72 – [email protected]