onepoint, a major player in the digital transformation of companies, raises €160m from funds managed by Metric Capital Partners (“Metric”) and announces the closing of the tie-up with weave.
onepoint moves forward with its strategy of reinventing the traditional model of consulting and aims at crossing the €1bn revenues milestone within five years. The financing obtained, combining hybrid capital and equity, will enable onepoint to accelerate its development to become a European leader in business transformation, while remaining independent and at the forefront of innovation.
onepoint, which is acquiring 100% of weave’s capital from NiXEN and the weave partners, for a price of €120m, now has over 2,300 employees in Europe, North Africa, North America, Australia and Singapore, withrevenues nearing €300m in the near future.
The weave partners decided to reinvest in the new group. Through this combination, onepoint is consolidating its position as a leading independent player in the sector and expects the employees of the group to own 15% of the company’s share capital within the next two years.
“We are looking forward to this acceleration phase. We have all the necessary industrial assets, thanks to the unique combination of know-how and talents offered by this merger. We can now also count on a long-term partnership with a major player in the European private capital sector”, explained David Layani, president and founder of onepoint.
“We have managed to develop a tailor-made capital solution with the Metric team, giving our group an especially competitive financial structure and the means required in order to achieve our ambitions,” added Jean-Fabrice Copé, Executive Partner in charge of corporate development and corporate finance at onepoint.
“We are delighted to support onepoint’s ambition at a key moment in its growth history, and to achieve our first investment in France since the opening of the Metric Paris office in 2017” said John Sinik, Managing Partner of Metric.
“We want to support the development ambitions of the group and help drive its internationalization, while capitalizing on the proximity of our respective DNAs”, added Alastair Balfour, Partner at Metric.
“We are extremely pleased to join the onepoint entrepreneurial journey as the tie-up with weave is just starting. Both companies are truly disruptive players in their market” said Louis Robert, Investment Director, in charge of Metric’s activities in France.
onepoint is one of Europe’s fastest growing digital transformation consultancies with around 2,300 employees across 9 countries, in (Paris, Bordeaux, Nantes, Benelux, United Kingdom), Tunisia, North America, Australia and Singapore. Founded in 2002 by David Layani, the new wave consultancy is disrupting the traditional professional services landscape with the belief that all technology transformations need to take care of the employee first and must be the result of the collective intelligence. onepoint designs and builds digital transformation solutions for companies and public administrations, supporting its clients from strategic vision to the technological execution.
Based on an open organization and ecosystem, onepoint is developing an innovative business model that unleashes talent and creativity. As a leader, onepoint manages complexity, invents new models, experiments and deploys them for its clients. Onepoint is solicited by leading companies in their market to to carry out comprehensive transformation projects, aiming at creating new business models, implementing them from a technological and human point of view and co-operating with its clients. Combining the approaches of experts from all fields (developers, architects, artificial intelligence and data specialists, designers and strategists), onepoint defines and deploys the relevant digital solutions, with redesigned organizations and management methods, to enable its clients to innovate and remain competitive in the digital age.
About Metric Capital Partners:
MCP is an independent and pan-European private capital group that invests in European firms by creating tailor-made capital solutions and seeks to support their ambitions by enabling them to execute strategic transactions. Metric Capital Partners aim to be a value-add partner to the companies it invests in.
Metric Capital Partners manages nearly € 1.6bn, spread over three funds raised since 2012, of which €860m for Metric Private Capital III.