ADVISO PARTNERS advised NEWALPHA VERTO in its primary LBO of CHR NUMERIQUE. The company acquired a majority stake alongside the CEO Yves RALLON and his management team, which increased its stake in the company.
Founded in 2013 in Brest by Yves Rallon, then a restaurateur, CHR NUMERIQUE (via its E-PACK HYGIENE brand) has become the leading European provider of digital solutions for HACCP (Hazard Analysis and Critical Control Point) systems.
CHR NUMERIQUE provides more than 10,000 customers in the food service sector (restaurants, cafes, hypermarkets and supermarkets, hotels, food shops, collective catering, etc.) with a digital solution to both improve and facilitate administrative and mandatory hygiene practices as part of their health control plans.
A pioneer in the sector with more than 50% market share in France, CHR NUMERIQUE has developed over 50 modules to complement its main solution, enabling it to better meet the specific needs of each customer segment.
With €12 million in turnover, CHR NUMERIQUE has, since its creation, enjoyed annual turnover growth of more than 30%. A large portion of its turnover is recurrent.
The company aims to consolidate its leading position in the fast-growing French market (in which only 5% of players currently have digital solutions for their HACCP systems). Internationally, it is already present in more than 25 countries (including Portugal, Spain, Switzerland and Morocco) and plans to accelerate its development by opening subsidiaries (as it did in Spain in April) or making acquisitions in other European markets. CHR NUMERIQUE is currently working on developing new digital solutions to enable its customers to comply with other regulatory requirements.
A FrenchTech winner for 4 years, in January CHR NUMERIQUE entered the prestigious Next 120 list, featuring the 120 most promising French start-ups.
NEWALPHA VERTO invested in the group alongside the founder Yves RALLON and the management team, which increased its stake. BPIFrance also took a minority stake in the company.
Yves RALLON, Founder of CHR NUMERIQUE: "I am very pleased with NEWALPHA VERTO's investment in CHR GROUP. It was the entrepreneurial and international nature of their teams that won me over. Our shared ambition is to make CHR GROUP the European leader in digital solutions for the food service industry."
"We are delighted to support Yves RALLON and his management team in the development of CHR NUMERIQUE. This young company has experienced remarkable growth in recent years and is ideally placed to capitalise on its status as French leader and pursue its strong growth, both organically and through acquisitions in France and targeted European markets." - Thomas FORT and Antoine DARY, Managing Directors at NEWALPHA AM.
Guillaume DARY, Partner at ADVISO PARTNERS: "CHR Numérique is one of those regional gems that are discrete and yet have significant positions in their niche. Now enjoying strong growth, this startup turned scale-up was seeking a solid financial partner to support its development and steer its build-up strategy. Its leading vertical application, solid growth plan and agile, dynamic management quickly convinced NEWALPHA VERTO of the merits of this primary transaction."
