Carmin Finance assists Jooxter in the acquisition of CSM from Sodexo
|Target||Connected Space Management (CSM)|
|Deal type||Mergers & Acquisitions|
Jooxter is a French company specialised in the management of workspaces, using data analysis with the dual aim of optimising the use of shared spaces and reducing the carbon footprint.
Thanks to Carmin Finance, Jooxter was able to complete and finance the acquisition of CSM (Connected Space Management), a Sodexo subsidiary that has developed a technology based on the use of connected objects. CSM’s technology collects information in real time to analyse space occupancy and provide concrete, optimised space management solutions.
Carmin Finance assisted Jooxter in the negotiations with Sodexo and in arranging the financing for this transaction, which confirms Jooxter’s leading position in its segment.
Fabien Girerd, CEO and founder of Jooxter, comments: “With this transaction, we are doubling in size and continuing our growth in a promising market. This growth will enable Jooxter to continue its expansion in France and internationally with extended services”.
– M&A advisors: Mansartis (Arnaud Limal and David Korghani)
– Legal advisors juridiques: Volt Associés (Lucs d’Orgeval, Hervé Bied-Charreton) and Moebius (Julien Abella)
|Industry Sector||Real estate & Infra-business
Technology, Media & Comms
Carmin Finance advises Jooxter, the European leader in optimised building occupancy, in its acquisition of CSM, which operates in the same segment and was previously a subsidiary of Sodexo, the world leader in facility management.