28
Oct’ 2024

CAPZA supports the development of JVS

CAPZA takes over from Parquest to support the development of JVS, a leader in software publishing for local authorities

CAPZA acquires a minority stake in JVS Group, a leader in software publishing for local authorities.

 

Founded in 1983 and based in Châlons-en-Champagne, the JVS Group employs nearly 390 people across 15 agencies in France. It offers a comprehensive range of software solutions and services dedicated to local authorities, public institutions, and local stakeholders.

 

The Group provides a wide range of 90+ modular solutions covering the full spectrum of local authority needs, including financial and administrative management, citizen relationship management, water management, and childhood services. Leveraging its expertise, JVS supports its clients in their digital transformation by streamlining processes, optimizing operational efficiency, and modernizing communication tools for constituents.
 

As a pioneer in the SaaS transition, the Group displays a solid economic model based on recurring revenues and strong visibility thanks to multi-year contracts. With Parquest’s support, management has strengthened the migration of its offering, significantly increasing its ARR (Annual Recurring Revenue) over the past four years. With a strong culture of innovation and a best-in-class service quality, JVS now serves more than 15,000 municipalities and local authorities, with whom it maintains long-term relationships.

We were impressed by the Company's ambitious development project, which combines innovation and operational excellence.
“ 
Fabien Bernez , Partner, CAPZA Flex Equity

With CAPZA’s and Bpifrance’s support, JVS aims to accelerate its organic growth through innovative SaaS solutions in a context of increasing digitalization of local authorities, the continuous development of its offering and the structuration of its commercial approach and its digital tools. Leveraging its solid track record in external growth, the Group may also consider new acquisitions to further expand its functional scope and reinforce its competitive edge.
 
“The JVS Group has established itself as a market leader in France thanks to its range of modern solutions tailored to municipalities needs, as well as its client-centric approach. We were impressed by the Company’s ambitious development project, which combines innovation and operational excellence. We are proud to be the Group’s new partner and to support its talented management team in this new growth phase.” – Fabien Bernez, Partner of CAPZA Flex Equity

 

“After a fruitful period alongside Parquest, our Group continues to concentrate its capital in the hands of its senior executives while implementing an ambitious development plan. With the support of Capza and Bpifrance, we aim at accelerating our growth, both by enriching our service offering and by intensifying our external growth strategy.” – Nebojsa Jankovic, Président du Groupe JVS

 

“We are pleased to have supported JVS in its development and transformation into a major player in full SaaS software publishing. We will, for sure, follow the unfolding of this new chapter in the company’s history with interest and attention.” – Camille Coutelet, Partner at Parquest

 

CAPZA’s investment will be made through its CAPZA 5 Flex Equity fund, which will thus complete its 20th transaction.

Flex Equity
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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