IK Partners backs French digital services company Plus que PRO

European private equity firm IK Partners has invested into France-based digital platform and services company Plus que PRO, alongside the co-founders Gregory Regouby and Sacha Goepp.

Following the close of the deal, Regouby and Goepp will retain control and management of the business.

While the size of the deal wasn’t revealed, IK Partners tapped its €1.2bn IK Small Cap III Fund for the transaction.

Founded in 2014, Plus que PRO allows SMEs to boost their online presence, drive revenue and provide customers with a tamper proof review hosting service based on blockchain technology.

With the support of IK, Plus que PRO hopes to expand its share of the digital services market for SMEs and bolster its growth plan. This includes investing into R&D and accelerating the launch of services.

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It claims that IK’s experience in the French market and working with similar business services companies will enable Plus que PRO to release new solutions.

IK Small Cap III Fund managing partner and advisor Pierre Gallix said, “Gregory and Sacha have built an impressive business in the competitive digital services sphere in France.

“The underlying market opportunity is set to grow further in the coming years and we believe that with additional capital and support, Plus que PRO has the potential to become a leading player in France and beyond.”

Earlier in the year, IK Partners sold its stake in Linxis Group to trade buyer Hillenbrand.

Source: Alt Assets

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