AltAssets: Ardian looks to expand architect software business Abvent after minority stake buy
European private equity major Ardian has picked up a minority stake in architect software publisher and distributor Abvent Group.
The 32-year-old French company provides image and design software to architects, including a proprietary 3D visualisation suite and project management solutions.
Ardian Growth managing director Alexis Saada said, “We are delighted to be entering into this partnership with Abvent.
“[CEO Xavier Soule] and his team won us over with their agility and ambitious vision. We are committed to providing them with the necessary means to achieve it.”
Bertrand Schapiro, senior investment manager at Ardian Growth, added, “Abvent’s positioning enables us to consider a targeted external growth strategy to strengthen its offer that is already unique in its market.”
Earlier this month Ardian Growth backed French online health and beauty retailer Santédiscount.
Ardian Growth sits in Ardian’s buyout business, which also includes midcap buyout units for Europe and North America, expansion capital and co-investment sections.
Overall Ardian manages or advises on about $60bn of assets, and employs about 450 employees in twelve offices around the world.
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