PARIS, FRANCE: Bpifrance, the French public investment bank, has announced that it has acquired about 5% of the capital and voting rights of Quadient, a French company that provides digital solutions for business transactions.
Bpifrance said it supports Quadient’s transformation strategy, which aims to diversify its service offering and create synergies in attractive markets such as payments, invoices, parcels, mail and contracts.
Bpifrance said it plans to increase its stake in Quadient to at least 8%, depending on market conditions, and to propose the appointment of an independent director at the next annual general meeting.
Bpifrance also said it intends to be a long-term shareholder of Quadient and to reinvest in any capital increase opportunities that may arise. It has agreed to hold its shares for at least three years and not to exceed 15% of Quadient’s capital or voting rights.
Nicolas Dufourcq, CEO of Bpifrance, said: “We are delighted that Bpifrance has become a reference shareholder in Quadient, a company that has embarked on a promising transformation and has positioned itself in key markets of the future. Bpifrance is thus affirming its long-term commitment to Quadient, convinced that the Group will play an active role in the digital transformation of French companies.”
Geoffrey Godet, CEO of Quadient, said: “We are pleased to welcome Bpifrance to Quadient’s capital. Bpifrance brings a wealth of experience from its many investments in leading companies in France, as well as its expertise in the field of technology. As we prepare for the next phase of our strategic plan, Bpifrance’s support as a long-term investor and our future collaboration within the Board of Directors will enable us to continue innovate, develop, and grow our business, while delivering significant value to all our stakeholders.”
Didier Lamouche, Chairman of the Board of Directors of Quadient, said: “We are thrilled with the agreement with Bpifrance, and are delighted to welcome a major shareholder with a long-term commitment to support and help accelerate the Company’s strategy. We are convinced that the addition of a new independent Director will strengthen the governance of both Quadient and its Board of Directors.”