UGGC & Associés act as legal counsel to Naxicap Partners for their purchase into the capital of Cylande, software publisher

Based in Roubaix, Cylande is a software publisher for vertical Enterprise Resource Planning (ERP) solutions designed specifically for Specialised Stores and Mass Distribution : hypermarkets, supermarkets, large and average surface stores, corner stores, superstores, boutiques, specialised large surface stores... Expert in the ERP field for head offices, warehouses and stores, Cylande capitalises its organisational, functional and technological expertise acquired since 1986. Orientated toward further internationalisation, its solutions are today operated by more than 100 corporate brands in more than 13 000 stores, in 56 countries and throughout the 5 continents. Naxicap is a subsidiary to Natixis Private Equity, acting in 4 fields of capital investment: development capital, capital restructuring, director's private asset management and asset transfer. After Sigefi PE, UFG PE and Pactinvest, Naxicap Partners is the fourth partner joining Cylande. The EUR 5m contribution was made by way of a capital increase, thanks to which Naxicap Partners is getting a little over 8% of this publisher of software packages intended for distributors. The balance of approximately 90% will be held by holding Ridec – which until now held a 95% interest in the company with private investors (5%). This vehicle is 60% controlled by its founding CEO, Jean-Pierre Paugam, and 40% by historical funds and other company officers. This contribution will allow the publisher from Roubaix to develop its range of products. Currently active in Spain, Portugal and China, Cylande will now be able to create subsidiaries in Eastern Europe or North Africa. Pascal Squercioni, partner, accompanied by Samuel Schmidt, counseled Naxicap Partners for this operation, on all issues related to corporate law.