NovitasFTCL advised the shareholders of Horizon Software on its MBO backed by Capzanine
We are pleased to announce that NovitasFTCL acted as exclusive financial advisor to the shareholders of trading software firm Horizon Software in its management buyout transaction backed by Capzanine.
Established in 1998, Horizon Software is a software vendor that focuses on all trading businesses related to listed markets such as delta-one, structured products and options market making & trading. Headquartered in Paris and with 100 staff, Horizon currently has 90 clients in 26 countries. With connectivity to over 70 exchanges, its multi award-winning platform provides advanced trading technology for investment banks, brokers and hedge funds.
Founded in 2004, Capzanine is an independent European private equity firm. It accompanies companies to support their growth and brings financial and industry expertise to successfully manage transmission and development. Capzanine can invest as a majority or minority shareholder, and/or in private debt (mezzanine, unitranche, senior debt) in non-listed small or midcaps, valued between 30 and 400M€. Based in Paris and managed by its partners, Capzanine has €2.5 billion of assets under management.
This transaction further evidences our track record in advising on French FinTech transactions, including the acquisition of Leetchi and MangoPay by Crédit Mutuel Arkéa (payments), the sale of SmartCo to NeoXam (financial data management) and the sale of RFQ-hub to ITG (trading platform).
A full press release for the transaction can be found at: