NextStage AM announces the sale of Once For All Group, a leading enterprise compliance management platform
After three and a half years of collaboration, NextStage AM sells its stake as part of the takeover of Once For All (OFA) by British actor Fortius, backed by the international fund Warburg Pincus.
Co-founded at the end of 2010 by Renaud Sornin, Attestation Légale, renamed OFA, is a Lyon-based scale-up that has developed a BtoB SaaS for managing business compliance. The collaborative platform thus makes it possible to connect companies with each other, to simplify their daily lives, to secure and optimize relations between contractors and suppliers. Essentially present in the construction market, its historic core business, the group has gradually developed in other related markets such as energy and real estate development.
NextStage AM has been supporting Attestation Légale since March 2018 on the occasion of a development capital fundraising of nearly €4 million. The company then had 70 employees, 23 client companies and generated an Annual Recurring Revenue (ARR) close to €000 million.
During these three and a half years of fruitful collaboration, the group has changed in size, continuing as expected its very strong growth around three pillars: the continuous innovation of its technological core, the development of new solutions meeting the need for increasing equipment of customers and finally the acceleration of its Europeanization. OFA thus created a joint structure in Germany (OFA GmBH) with its partner Zertifizierung Bau in 2018. The group also rolled out its operations in Italy in 2021.
In three and a half years, OFA has more than doubled its ARR and its community of client companies. In addition, the company now has more than a hundred employees mainly located in Lyon.
Present exclusively on the British market, the Fortius group, supported by the international fund Warburg Pincus, acquires the OFA group with the aim of becoming the benchmark player in corporate compliance on a European scale.
« OFA is a great entrepreneurial story for NextStage AM. We are extremely proud to have accompanied Renaud Sornin and Romain Benoit, whose entrepreneurial vision and enthusiasm we have always shared. Since 2018, OFA has changed in size to become the essential reference in its market. The development potential is still very important in this market Océan Bleu », Comments Julien Potier, Partner at NextStage AM.
« The unwavering support of NextStage AM, embodied by Julien Potier, his adherence to our project, our values and his know-how as an entrepreneur-investor have been essential to the development of OFA. During these three and a half years, the authenticity of the relationships developed have been the basis of our growth in France and have enabled us to penetrate the European market. More than ever, our society has solid development prospects ahead of it. Now accompanied by Fortius, this magnificent adventure continues to provide the European construction, real estate, energy and environment sectors with the platform for the secure B2B relationships they expect. says Renaud Sornin, co-founder and president of OFA.
« The support of Nextstage AM during the delicate phase of the scaling up of OFA and its internationalization was a real support for our success. This new step alongside Fortius will allow us to combine our approaches and our investments for a platform and services that further facilitate relations between European players in construction, real estate, energy and the environment.adds Romain Benoit, CEO of OFA.
About Once For All / Legal Certification
Launched in 2012 under the name Attestation Légale and based on the idea of a single company administrative file, information is shared “once and for all”. OFA has been synonymous with innovation and has rapidly grown to become the French market leader in compliance in the construction and related sectors. In addition to the creation of this solid main activity, the entrepreneurial spirit of the team has also given birth to 10 spin offs, since 2015, in addition to the main activities of Legal Certification, and thus developed other competitive solutions, at the service of the sector. Half of the construction sites in France integrate the Attestation Légale solution. OFA has 100 employees.
https://www.attestationlegale.fr/
About Fortius
Fortius was founded in 2018 through the acquisition of UK-based Constructionline and has made three successive acquisitions. The company specializes in verifying compliance data for UK construction, facilities management, rail and energy suppliers. In 2020, Fortius completed the migration of its user base to a new purpose-built SaaS platform that provides supply chain management, financial and health and safety risk scoring and enables sophisticated compliance management of the supply chain. Fortius is based in London and backed by private equity fund Warburg Pincus.
List of participants on the OFA / NextStage AM side
- Entrepreneurs : Renaud Sornin, Romain Benoit
- NextStage AM : Julien Potier (Partner), Léa Boux (Analyst)
- Lincoln International : Matthieu Rosset, Antoine Leclere, Katia Von Borowski, Alexandre Burgun
- Legal counsel : Viajuris (Yan Freyria-Courtois and Antoine Riom)
- Tax lawyer : Alcya Consulting (Jérôme Loisy)
- VDD : Mazars (Guillaume Bouclier and Matthieu Carrillo)
Press contacts :
- NextStage AM: Jonathan Boudin - jbo@nextstage.com - 01 44 29 99 04
- Shan : Alexandre Daudin - alexandre.daudin@shan.fr - 01 44 50 51 76 / Guillaume Duhamel - guillaume.duhamel@shan.fr - 06 13 81 00 92
Find the press release in pdf format: PR – NEXTSTAGE AM announces the sale of the Once For All group, a leading corporate compliance management platform 17/01/2022