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moreRSM, the world’s 6th largest audit and consulting network, provided financial due diligence for INDIGO CAPITAL, an investment fund focused on French and European SMEs and mid-sized companies (ETIs), as part of its acquisition of the DOCOON Group, an IT services company (ESN) specialising in the digitalisation and secure management of information flows.
Through this transaction, RSM’s Corporate Finance team has further strengthened its role as an advisor to private equity funds on their strategic acquisitions.
The shareholder-directors of the DOCOON Group, Laurent MEZRAHI and Arnaud LEJEUNE, along with the management team, welcomed INDIGO CAPITAL as the company’s new lead investor.
DOCOON was formed in 2020 from the merger of ODYSSEY MESSAGING—a B2B omnichannel communication software solution (SMS, email, fax, mail, etc.)—and DPII, a specialist in digitalising business processes. The newly formed group has since consolidated its position among the top 100 French software publishers and aims to play an active role in the consolidation of its market, particularly in the context of rapidly increasing regulatory requirements for business digitalisation.
DOCOON currently generates revenues exceeding €12 million, with strong growth over the past eight years, driven by the continuous expansion of its ecosystem of software publishers, integrators, and distributors.
This transaction provides significant financial resources to support DOCOON’s growth, notably through an ambitious build-up strategy that is central to the Group’s development plan.
It also enables the inclusion of key executives in the company’s shareholding structure.
The RSM team
The RSM team involved was composed of : Eric Fougedoire, Antoine Pierre et Hugo Menkhoff.
INDIGO CAPITAL is a recognised independent provider of bond financing and quasi-equity solutions for French and European SMEs and mid-cap companies. Active in this segment since 2000, INDIGO CAPITAL currently manages over €600 million raised from institutional investors and family offices.
Based in Paris, Lyon, and Milan, the investment team has supported more than 60 companies in their growth or capital reorganisation projects, including sponsorless transactions.
INDIGO CAPITAL is a signatory of the United Nations Principles for Responsible Investment (UNPRI) and is committed to applying ESG (Environmental, Social, and Governance) criteria both within its management company and across its portfolio.
RSM is the 6th largest global network of audit, consulting, and accounting firms, operating in over 120 countries and bringing together more than 53,000 professionals and partners.
In France, RSM is a key player in audit, accounting, and advisory services, with offices in major regional economic hubs, including Paris, Lyon-Chambéry-Grenoble, Montpellier-Nîmes, Nantes-Laval, Strasbourg-Colmar, La Réunion, and Mayotte. The firm employs over 1,250 professionals nationwide and continues to expand its regional footprint. RSM’s multidisciplinary offering is structured around five core areas: Audit, Accounting, Advisory, HR-Social / Payroll, and Legal & Tax.
RSM’s Corporate Finance division supports companies and their executives, investment funds, as well as investors and shareholders—both in France and internationally—to help secure and optimise financial decision-making. The team comprises 20 professionals based in Paris and regional offices, including 3 partners. RSM Corporate Finance provides services in Transaction Services, Business Valuation & Complex Financial Modelling, Capital Transactions, and Restructuring.
