Mojovida reorganizes its capital with the entry of InnovaFonds and Caisse d'Épargne IDF Capital Investissement

Mojovida, a Paris-region integrator and managed-service provider of payment terminals for retail and food service, announces the reorganization of its capital, marked by the minority entry of two new financial investors: InnovaFonds and Caisse d’Épargne IDF Capital Investissement.

This transaction gives the company, which generates €20M in revenue, new resources to accelerate its development and ease its access to new markets, while reinforcing its executives’ shareholding.

Mojovida: integration and managed services for payment terminals

Founded in 2009 and based in the Essonne, Mojovida is an integrator and managed-service provider of payment terminals dedicated to retail and food service. The company claims 70 clients, mainly large accounts, spread across three sectors: mass distribution, specialized retail networks and food service.

In 2023, Mojovida generated €20M in revenue, with an EBITDA margin of 18.7% the previous year. After the support of CM-CIC Capital Finance, as a minority investor from 2015 to 2021, the company had since been 100% owned by its managers, following a share buyout carried out on a sponsorless basis.

A capital reorganization to support growth

Under the terms of the transaction, InnovaFonds acts through its Partenaire Managers I vehicle, alongside Caisse d’Épargne IDF Capital Investissement, which entered pari passu into the same instruments — a majority mezzanine tranche (OBSA) complemented by an equity portion.

Following the reorganization, chairman Nicholas Vincent increases his stake to more than 50% of the capital, ahead of his managing director Thierry Moreel and a tight circle of managers. Acquisition debt, with leverage below three times EBITDA, was also put in place to finance future external-growth transactions.

About InnovaFonds

InnovaFonds is an asset-management company specializing in equity support for industrial and service-sector SMEs and mid-caps.

This transaction illustrates our flex equity strategy: reconfiguring capital, supporting transmission and involving management teams more closely. Mojovida has solid growth drivers, both organic and external, in France as well as in Europe.

Quentin Ducouret, Partner at InnovaFonds

Driven by organic development prospects — notably at points of sale located in border countries — and by several external-growth opportunities in France and Europe, Mojovida approaches this new stage with the ambition of consolidating its position in its market.