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Ardian buys 49 per cent stake in French smart card processor Micropross

20 Feb 2014

tech_circuitboardFrench investment firm Ardian, formerly AXA Private Equity, has acquired a 49 per cent stake in smart card testing company Micropross.

The transaction was completed alongside Philippe Bacle, CEO, and Max-André Lepoutre, managing director, who will continue to lead the company and retain a majority stake.

Founded in 1979 in Lille, France, Micropross supplies products and solutions for the smartcard industry.  Following a 2008 management buy-out led by Bacle and Lepoutre, Micropross has seen a strong period of growth with 80 per cent of its sales now achieved outside France.

François Jerphagnon, managing director of small market enterprise capital at Ardian, said, “As a key player in smart card testing solutions, Microposs is a great partnership opportunity for Ardian. Thanks to its technologically advanced products and the strength of its management team, Micropross will now move into a new phase of development in the context of this fast growing market.”

Founded in 1996 and led by Dominique Senequier, Ardian invests across the private equity asset class through funds of funds and direct strategies including infrastructure, small and mid-market enterprise capital, innovation & growth, co-investment and private debt.

The firm spun out and changed its name to Ardian in September 2013.

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