CFI advised Galitt on its sale to Sopra Steria

Paris – CFI is pleased to announce it acted as the exclusive corporate finance adviser to Galitt on the sale to Sopra Steria.

Galitt (www.galitt.fr) provides consulting and services for secure electronic transactions and payment systems. With its longstanding presence and wide range of complementary business lines and recognised expertise, Galitt guides its clients through the entire project life cycle: its Payment Consulting experts use innovative approaches to help inform decision-makers’ strategic choices; Payment Services consultants assist clients in implementing their payment projects; Testing Solutions teams develop test software and participate in the scale-up phases of solutions testing and certification; Payment Solutions staff develop and operate high-added-value payment and transactional applications; and Payment Education instructors share Galitt’s expertise and raise awareness of its business at seminars.

Sopra Steria, a European leader in digital transformation, provides one of the most comprehensive portfolios of offerings on the market, spanning consulting, systems integration, industry-specific solutions, infrastructure management and business process services. It provides end-to-end solutions to address the core business needs of large companies and organisations, helping them remain competitive and grow. Combining added value with innovative high-performance services, Sopra Steria excels in guiding its clients through their transformation projects to help them make the most of digital technology. With over 40,000 employees in more than 20 countries, Sopra Steria generated revenue of €3.7 billion in 2016.

CFI was hired to serve as Galitt’s exclusive corporate finance advisor and lead the sale process. CFI initiated discussions and negotiations with a range of European and North American strategic buyers and Private Equity firms, in a process that ultimately resulted in a successful transaction with Sopra Steria.

The transaction closed on 7 November 2017.