Target Information
Passman, a leader in network management and digital solutions for hospitality institutions, is set to open its capital to Siparex ETI as the new majority shareholder, facilitating the exit of LBO France. Andera Partners, an existing shareholder, will reinvest alongside the founding executives: Frédéric Levy, Patrick Layani, Sylvain Layani, and other key managers.
Founded in 1995, Passman has established itself as a key provider of connected solutions in France and Belgium, primarily serving hospitality (traditional hotels and outdoor tourism), healthcare facilities, military sectors, and retail. The company offers a comprehensive array of services, including WiFi, TV/IPTV, dynamic display, and other digital solutions tailored to the business needs of its clients and their end users. With a repertoire serving over 6,000 establishments, Passman has positioned itself as a
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Siparex ETI
invested in
Passman
in 2023
in a Late-Stage VC deal
Disclosed details
Revenue: $48M