Paris, 28th December 2023 –
Amethis takes a majority stake in Capital Banking Solutions, a European player in the banking software market, in order to accelerate its international development.
Amethis, a member of the Edmond de Rothschild Private Equity Partnership, through its European strategy aimed at supporting SMEs in their internationalization, announces that it has taken a majority stake in Capital Banking Solutions (“CBS” or “The Company”) alongside Samer Hanna (President & CEO), Michel Tueni (COO) and Aziz Akl (CFO), as well as several key executives of the company who are reinvesting all their proceeds.
For over 25 years, CBS has been a publisher and integrator of innovative banking solutions tailored to international banks in Europe, Africa, the Middle East and America, headquartered in Paris, France.
The company currently offers two flagship solutions, each complemented by satellite products available on a standalone basis:
- CapitalBanker: the Core-Banking product range, with CapitalBanker as its main solution, is designed to meet the needs of financial institutions (retail, corporate, microfinance, treasury or postal banks), with this agile banking ERP offered as a cloud-based solution or on-premise in Europe, Africa, the Middle East and America.
- CapitalPrivate: a front-office wealth management solution for European private banks and wealth management specialists, designed to provide portfolio management, CRM and compliance tools within a single digital platform.
In 2022 CBS generated sales of over €30m, of which more than half in Europe, and currently employs nearly 300 people across its offices in France, Monaco, Switzerland, the United States, Morocco, Lebanon and Ivory Coast.
Amethis will support CBS in this primary operation in order to accelerate its organic growth, especially internationally. Amethis will also support CBS in its external growth strategy, with the acquisition of players that will enable the Company to extend its geographical coverage and/or strengthen its existing solutions.
Lastly, CBS will pursue its sustainability initiatives, in line with Amethis’ policy.
For Samer Hanna, President and founder of CBS: “We are delighted about the entry of Amethis into CBS’s capital. Amethis, and its partnership with Edmond de Rothschild Private Equity, bring extensive experience through their investments in Europe, Africa, and the Middle East. Nicolas Manardo and Romain Gauvrit, along with the entire Amethis team, share our vision of a successful future across the regions in which we operate. Amethis will support CBS in its external growth and global reach. Together, we will shape a future where innovation, growth, and productivity converge harmoniously. For CBS, this new step marks the opening up of new and very positive perspectives for our development.”
Nicolas Manardo and Romain Gauvrit, Amethis partners, add: “Samer Hanna and his team have built a prominent player in core banking and wealth management software, a true agile and competitive alternative to the sector’s giants. We are pleased to support them in this primary operation, by providing them with access to Amethis’ networks in Europe, Africa and the Middle East, as well as our proactive ESG approach.”
List of participants:
- Amethis
Team: Nicolas Manardo (Senior Partner), Romain Gauvrit (Partner), Rebecca Denyer (Investment Director), Anne-Laure Saadoun (Associate)
Legal Structuring: Ayache Law (D. Ayache, B. Erard, L. Bibaut, L. Fridman, L. Tabouret)
Legal Financing Structuring: Racine Avocats (L. Bessa, H. Lebdiri)
Financial, Legal, Tax, Social, and ESG Due Diligence: KPMG (M. Macaigne, R. Varennes, D. Lucas, C. Spira, B. Roucher, N. Cottis)
Strategic and IT Due Diligence: CMI Stratégies (S. Colboc, E. Mangholz, O. Oriez)
- Capital Banking Solutions – Management
Management: Samer Hanna (President & CEO), Michel Tueni (COO), Aziz Akl (CFO)
Tax Structuring: Cazals Manzo Pichot Saint Quentin (M. Manzo, B. de Saint Quentin, L. Nicolle)
Financial Advisory: Alantra (O. Durvye, L. Bernard, L. Akbaraly)
- Capital Banking Solutions – Selling Shareholders
Legal and Tax Structuring: Hogan Lovell (S. Huten, A. Deparday, C-M. Juvanon, S. Tricot, P. Deboishebert) El-Khoury Partners (C. El-Khoury)
Vendors Financial Due Diligence: 8Advisory (E. Riou, G. Héral)
- Financing
Bred Banque Populaire : D. Baptista, A. Gandjini
Banque Populaire Méditerranée : B. Mitelman, B. Mathieu,
Legal Structuring: Cards Avocats (C. Serhal)
About Amethis
Fonded by Luc Rigouzzo and Laurent Demey, and a partner member of Edmond de Rothschild Private Equity, Amethis is an investment fund manager focused on the African continent. With assets under management exceeding 1 billion EUR and over thirty investments to date, Amethis provides growth capital to promising mid-sized champions across many sectors, offering growth support through its international network covering Europe and Africa. With six offices in Paris, Abidjan, Casablanca, Nairobi, Cairo and Luxembourg, the Amethis team comprises over 45 experienced professionals with strong regional and sectoral expertise.
About Edmond de Rothschild Private Equity
Edmond de Rothschild Private Equity is an independent entity within Edmond de Rothschild with over 4 billion euros in assets. Driven by an entrepreneurial approach to finance, supported by strong convictions, Edmond de Rothschild Private Equity builds and designs unique investment strategies to provide a sustainable response to environmental and social challenges.
Founded in 1953, the Edmond de Rothschild Group has 158 billion euros in assets under management, 2,500 employees, and 29 offices worldwide.
For more information: www.edmond-de-rothschild.com
About Capital Banking Solutions
For nearly 25 years, Capital Banking Solutions has been a publisher and integrator of innovative banking solutions for international banks of all types. Thanks to our years of expertise and experience, along with our R&D department, we create and offer a broad range of innovative products that meet the needs and challenges of our 200 client banks and financial institutions.
Recognized in segments such as universal banks, retail banks, corporate banks, private banks, public and government banks, as well as in microfinance, neo-banks, family offices, and management and brokerage companies, we provide open-architecture, modular software available in cloud or on-premise mode.
Capital Banking Solutions leverages its team of 300 expert collaborators based in France, Monaco, Switzerland, Lebanon, Ivory Coast, Dubai, Morocco, and the USA to guarantee perfect follow-up of our products and services and to ensure close relationships with all our clients.
For more information: www.capital-banking.com
