ALTIOS Corporate Finance supports the French Group Hardis in the acquisition of the Polish Group Cloudity

An operation led by Altios Corporate Finance

• Altios advised Hardis Group through its Polish teams in the Corporate Finance division. The mandate consisted of identifying Polish players integrating Salesforce solutions able to complement Hardis Group’s offer, contacting potential targets, providing support during the negotiations and preparing the signing.
• Altios Corporate Finance’s role included:

– Market research and identification of potential acquisition targets

– Approach of targets without a sell side mandate

– Assistance in negotiating the terms and conditions of the transaction

– Analysis and conclusions of the financial, legal, and tax due diligence

• Altios has been supporting Hardis Group in its international development as part of a long-term relationship. Initially, Altios aided with the creation of Hardis Group’s Polish subsidiary and then with its accounting, HR and administrative management. As the next step, Altios accompanied Hardis Group in its external growth strategy in Poland and will support the integration process and other projects.

• With the completion of this transaction, Altios Corporate Finance demonstrates its ability to support clients in complex external growth operations and to carry out strategic cross-border transactions. Altios also proves its ability to build long-term relationships with its clients, offering professional advice that is as close as possible to the strategic capital challenges facing companies.

• Transactional expertise and experience allows Altios and the Corporate Finance team to position themselves as buy-side advisors in small-mid cap international M&A operations.

• This transaction is the result of a close cooperation between LCL, Hardis Group’s preferred bank, and Altios in the field of internationalization of Crédit Agricole Group customers.

Hardis Group’s Testimonial

« Altios is a key partner in our development in Central Europe. Altios’ teams were already involved in the creation and management of our Polish subsidiary and supported us throughout the Cloudity acquisition process. From the screening of the market to the successful conclusion of the deal, we were able to rely on their professionalism and expertise, particularly in terms of local regulations. But what we appreciate most in our collaboration is the commitment of the Altios team, and its integration into our growth project, which makes it a trusted ally for today and tomorrow.»

Nicolas ODET, CEO Hardis Group

Altios Corporate Finance Testimonial

« This acquisition naturally reflects Hardis Group’s internal dynamism and supports its organic growth. We have been pleased to accompany the client throughout the process. Since Hardis Group could rely on professional support from Credit Mutuel Equity, BMA Groupe and BCTG Avocats, we focused on Altios’ added value – the international and intercultural aspects. We facilitated the growth of the links and synergies that we sensed during the first contacts with Cloudity’s shareholders, who at that time had not yet made a decision on future development strategy. The trust and understanding that emerged from the first exchanges between the Hardis team – Nicolas Odet, President, Yvan Coutaz, General Manager and Karim Ogbi, Director of Salesforce & Workplace, and Cloudity’s shareholders- Pawel Sobczak and Andrzej Chodor, which has continued to deepen during the negotiations, allows us to develop integration processes on several levels and with significant opportunities for both organizations “.

Zdzislaw Dominik, VP Altios Pologne