Natixis Partners acted as exclusive financial advisor to the founders of Evolis on the sale of the company to HID Global (USA)

Founded in 2000 and world leader in the decentralized issuance of cards and badges, Evolis (EPA: ALTVO) designs, manufactures and markets a comprehensive range of printing solutions for identifying people and goods. Evolis has more than 380 employees based in its head office and production site in Angers (France) and abroad (Miami, Boston, Singapore, Shanghai, Bombay and Lisbon), marketing its solutions in over 140 countries. The co-founders and shareholders of Cedys & Co, which holds approximately 84.4% of Evolis share capital, sold their entire stake to HID Global (USA), a global leader in innovative identification and security solutions (subsidiary of Swedish Group Assa Abloy), based on a €228m purchase price for 100% of the Evolis shares (€43.75 per share). This purchase price represents a premium of around 39% over Evolis’ volume-weighted average share price on Euronext Growth Paris over the last month of trading before announcement. At the same time, HID Global has acquired an additional 14% stake in the company from Crédit Mutuel Equity SCR et Crédit Mutuel Innovation. HID Global hence owns approximately 98% of the Evolis share capital post transaction and will file a simplified mandatory public tender offer followed by a squeeze-out procedure for the remaining outstanding shares of Evolis, in accordance with applicable laws and regulations. Natixis Partners acted as exclusive financial advisor to Evolis’ founders and Cedys’ shareholders in the context of the transaction.