LBO France has sold its majority stake in Groupe Prenax, a leader in subscription management services, to Triton, confirming the successful transformation and growth achieved during its ownership.

Information on the Target

The Groupe Prenax, a leading player in the outsourced subscription management services, has been a significant force within its industry. LBO France initially acquired a majority stake in Prenax in October 2020, partnering alongside Andera Acto and the group’s management to finance the acquisition of its main European competitor, LM Information, based in Finland. This strategic move propelled Prenax to achieve a consolidated revenue of nearly €250 million, displaying substantial growth from €140 million prior to the acquisition.

Under LBO France’s guidance, Prenax has successfully executed an international and transformative acquisition strategy. The landmark acquisition of LM Information enabled Prenax to enhance its geographical and customer diversity, solidifying its position as a leading independent company in the European subscription management sector. Additional acquisitions, including the UK-based tech company Paid and the US-based Couranto, have further strengthened Prenax's market position.

Industry Overview in the Target's Specific Country

The subscription management services industry in Europe has been experiencing robust growth, driven by the increasing complexity of content delivery and the need f