Editions Tissot is a recognised brand specialising in information and digital solutions related to social law. Editions Weka, a well-established brand in the public sector, is a digital leader providing information to public sector organisations and institutions.
Anne-Claire Lainé, Investment Director at MML, commented:
“This transaction brings together three leading and emblematic companies in the French legal information market. SVP, Tissot, and Weka are longstanding business partners and their union creates a strong and unique offering combining an expert personalised helpline and off-the-shelf digital content.”
Loïk Amis, CEO of SVP, stated:
“True to its innovative DNA, SVP is accelerating the digitalisation of its services with these acquisitions, integrating artificial intelligence into its tools and processes to build an innovative vision: strategic and operational intelligence driven by Augmented Expertise.”
The combined group generates annual revenues of approximately €90 million, with an EBITDA margin of 20%. The group’s revenue model is subscription-based serving 26,000 private and public clients.
Both Editions Tissot and Editions Weka are parting ways with the German WEKA Group, which is refocusing geographically on its activities in Germany.
A unitranche financing facility has been provided by Eurazeo.