XAnge Capital is backed by La Poste Group through its Sofipost subsidiary. From the outset, La Poste brought in two investor/partners on the technology side:
- Sofipost (www.laposte.fr) a wholly owned subsidiary of La Poste, is the holding company for the Group in the mail business. The entire La Poste Group offers its expertise to XAnge Capital and contributes its deal flow.As Europe’s second-largest postal group, with consolidated sales of some €18.6 billion, La Poste is the second largest mail services company in Europe, with €10.8 billion in sales. It is also Europe’s third-largest package delivery company, with sales of €3.5 billion, and the third-largest French retail bank, with €4.3 billion in net banking income (up 5.3% last year). Its 17,000-point branch network also makes it the leading European network for local services.
La Poste’s expertise in these four areas provide XAnge with a solid foundation for analyzing the viability of potential investments and understanding the potential growth of the companies that will be analyzed.
- Alten (www.alten.fr) is XAnge Capital’s preferred technology partner. Through its proven expertise, Alten provides technological and human resources support for the analysis of potential investments.
With 2006 revenues of nearly €573 million and 5,000 engineers, Alten is Europe’s second-largest advanced technology consulting and engineering firm.
The firm provides services primarily to laboratories and R&D departments at industrial, telecommunications and service companies.
The group’s activity is focused on two types of service:
- planning and analysis of the stages of an overall project;
- consulting: technical expertise, project management support. Alten SA is listed on the Euronext Nouveau Marché in Paris.
- Deloitte Finance (www.deloitte.fr) is XAnge Capital’s technical partner. A division of Deloitte, Deloitte Finance has been the leading French non-banking consulting firm for mergers & acquisitions since 2000, with nearly 150 professionals and more than 100 transactions, for a total volume of over €15 billion. The division has operations in all major European countries and is part of a very large global consulting network, notably in North America and Asia, with specific expertise in the technology sectors.
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