OCTIME CAPZA
4
Oct’ 2024

CAPZA sells its minority stake in the OCTIME Group

CAPZA sells its minority stake in the OCTIME Group, a major player in HR software solutions, to IK Partners

CAPZA is selling its minority stake in the OCTIME Group, a major player in the HR software edition, to IK Partners, which is joining the Group’s capital alongside Guillaume Berbinau, the Group’s president, who retains the majority stake, Nicolas Michel-Vernet, Managing Director, and their management team. Andera Partners is also reinvesting alongside IK Partners.

 

Based in Biron, in the Pyrénées-Atlantiques (64), the Octime Group has been supporting companies of all sizes for 25 years in the digitalization of their HR processes to create conditions of fairness and well-being at work. Present across various sectors (retail, services, hospitality, etc.), the Group is the market leader in the healthcare and social care sectors. With 300 employees and 7,000 clients, the Octime Group recorded revenues of €37 million in 2023, with one-third generated internationally (in Spain, Portugal, and Latin America).

 

During CAPZA’s tenure, as a co-investor alongside Andera Partners since 2016, the OCTIME Group achieved double-digit growth and strong profitability. The Group now aims to become a leading European player, with the goal of reaching €65 million in revenues by 2028. In line with its development strategy focused on its core expertise in scheduling and time management, the OCTIME Group plans to continue making significant R&D investments, strengthen its market positions in France and Spain—particularly through its subsidiaries Grupo Spec (time management and access control), acquired in 2015, and aTurnos (constraint-based scheduling), acquired in 2022—and expresses its intention to pursue external growth in France and internationally.
 
The OCTIME Group has chosen IK Partners, a pan-European private equity firm of Scandinavian origin, to accelerate its expansion in the European market and support its ambitious growth trajectory.

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Flex Equity
Flexible financing solutions combining equity and mezzanine
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91 transactions since 2004
Source: CAPZA as of 07/31/2024
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