"Xelians Completes Sponsorless MBO with Support from Lerins and Andera Partners"

"Lerins has assisted Xelians, a leading French document management and archiving company, in a sponsorless management buyout (MBO) that allows the management team, led by Jacques Thibon and Jérôme Pariscoat, to regain majority control of the company. After seven years under Montefiore's ownership, Thibon reinvests fully to become the majority shareholder again. The deal increases the number of manager shareholders and their equity stake, supported by Andera Partners' financing. Xelians, formed in 2018 from the merger of Locarchives and Archiveco, aims to strengthen its position in physical archiving while expanding its digital services, including SaaS and BPO solutions, to drive future growth."

**Law Firms Involved in the Transaction:** Lerins advised Xelians, a leading French document management and archiving company, and its president, Jacques Thibon, in a sponsorless management buyout (MBO). **Transaction Overview:** The transaction allowed Jacques Thibon and the management team, led by Jérôme Pariscoat, to regain control of Xelians after seven years of majority ownership by Montefiore. With the support of Andera Partners through its Andera Acto team, Thibon reinvested his entire stake, becoming the majority shareholder of the group once again. This sponsorless operation doubled the number of manager shareholders and significantly increased their equity stake, facilitated by Andera Acto's bond financing. Following the transaction, Jacques Thibon will serve as Chairman of the Supervisory Board, while Jérôme Pariscoat will take on the role of President. **Legal Team:** Lerins provided comprehensive corporate legal advice for the operation, with a team consisting of: - Laurent Julienne (Partner) - Yohann-David Saadoun (Counsel) - Noé Migeon Additionally, the tax team at Lerins was involved, including: - Stéphanie Nègre (Partner)

"Xelians Completes Sponsorless MBO with Support from Lerins and Andera Partners"

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