After strong growth in 2019 which brought the Talan Group to 2,500 employees and €258 million in sales, and an equally promising outlook for 2020, Talan has now reached a new milestone with an investment from TowerBrook.
This partnership with a leading global private equity firm – with strong experience in supporting companies with high growth potential and longstanding commitment to social and environmental stewardship – will enable Talan to become a leading European platform focused on accelerating the digital transformation of its clients, and to realise its ambition to reach €1 billion revenues by 2024.
At a time when companies are facing economic turmoil, accelerated digitalisation and new business perspectives, Talan has positioned itself as a major player supporting the digital transformation of these organisations. The social and environmental challenges which will undeniably reshape tomorrow’s world are also deeply integrated in Talan’s offer.
According to Mehdi Houas, Chair of Talan: “TowerBrook’s investment in Talan underlines the relationship of trust between our teams, the common commitment to address the social and environmental issues and our shared ambition to establish Talan as a leading player of the digital transformation globally. Talan, which remains majority-owned by its management team, welcomes this new partner who will support the business and help Talan accelerate its growth. I would like to take this opportunity to thank our historical partner, Capza, who has supported us for many years.”
According to Karim Saddi, Managing Director and Co-President of TowerBrook: “Talan’s experience, the quality of its management team and strong positioning in its core markets were the main factors influencing our investment decision. In addition, the ambition and entrepreneurial spirit promoted by the management team will be the key drivers of success in making Talan a leading player of the digital transformation on an global scale. We are proud to support the group and its employees in this important phase of their development.”
According to Maxence Radix, Partner at Capza: “We are pleased to have supported Talan for four years and helped the company achieve its significant growth. We are confident that TowerBrook will be a strong partner to help Talan in its next phase of growth, especially internationally.”
At closing, Capza will have entirely exited its investment in Talan and the group will remain majority-owned by its management team.