Alantra advises the shareholders and founder of NumWorks on the acquisition of a majority stake in the company by Aldebaran Capital Partners
SECTORTechnology
ServiceM&A; Debt Advisory
Paris – Alantra announces it has advised Numworks’ founder and CEO, Romain Goyet, and all the company’s shareholders, including Bpifrance, on the acquisition of a majority stake in the company by the asset management company Aldebaran Capital Partners.
Founded in 2016 by Romain Goyet, a “serial entrepreneur”, NumWorks has created a calculator tailored to the needs of the new generation of teachers and students. With this innovative product, NumWorks has revolutionized the use of graphing calculators by providing user-friendliness and elegant design.
In less than five years, by leveraging the contribution of the teaching community, NumWorks has become the leader in France’s “hard-to-disrupt” graphing calculator market, historically dominated by several international hegemonic players.
Based in Paris, NumWorks received early-stage support from Bpifrance’s Digital Venture team (via its F3A fund sponsored by the Program of Investments for the Future). It has now become a French SME and has begun its international expansion in Europe (e.g., Portugal, Netherlands, Italy, England) and in the USA.
Romain Goyet, founder of NumWorks, will retain an equity ownership and is handing over to his close-knit management team, which has been involved in the venture since its inception. The team includes Léo Solé, who will assume the position of CEO, Emilie Feral in charge of R&D and technical direction, and Clothilde Relin overseeing marketing and sales. Aldebaran’s investment aims to support this management transition, with the recruitment of a CFO.
Through its “transformational” approach, Aldebaran brings financial, operational, and strategic resources to support NumWorks in its ambition to become a major international player in educational solutions for the learning of scientific subjects.
Romain Goyet, NumWorks founder, commented: “Together with NumWorks’ historic shareholders, we selected Alantra as our M&A advisor following a highly competitive process, and I can only congratulate ourselves on this choice. Oriane and her team offered us the advantage of their 360-degree expertise in all aspects of M&A: preparation of the brief, selection of investor candidates, due diligence, review of offers, structuring, negotiation and financing. Alantra’s team had a perfect command of all these subjects, and a very detailed knowledge of the investor ecosystem. They were extremely mobilized, anticipated the challenges perfectly, and supported us with a warm smile, never counting their time or effort, with the right combination of rigor, technicality and agility. I highly recommend their services.”
Oriane Durvye, Managing Partner of Alantra, emphasised: “We are delighted to have supported NumWorks, a French EdTech jewel, in the reorganisation of its capital. Numerous investors have been attracted by the differentiation of the product offered, the vision of the management and the quality of the team. In addition to its team’s expertise in helping companies transform, Aldebaran stood out for its understanding of NumWorks’ challenges and its alignment with its human and cultural values.”
