ARJ is a Créteil-based group specialising in services for businesses (SMEs and small-to-medium-sized industrial firms). It operates mainly in the Île-de-France region through three subsidiaries, each specialising in their respective fields. The group has completed a strategic acquisition by taking over the Delta Group from its managing director.
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ARJ is a Créteil-based group specialising in services for businesses (SMEs and small-to-medium-sized industrial firms). It operates mainly in the Île-de-France region through three subsidiaries, each specialising in their respective fields. The group has completed a strategic acquisition by taking over the Delta Group from its managing director.
Founded in 1994 and acquired in 2015 by Morgan Djorno, the ARJ Group offers a range of services centred on four main areas of expertise: IT outsourcing, telephony, electronic document management and printing systems.
Taken over in 2015, the ARJ Group consolidated its position with the acquisition of COPIE DEP and COPYFAX (in 2018 and 2019 respectively) and the creation of a subsidiary specialising in telephony, causing its turnover to surge from €1 million in 2016 to €8 million in 2021.
The acquisition of Delta and its Bordeaux-based subsidiary So Technologies will enable the ARJ Group to consolidate its presence in the Île-de-France region, expand its activities in the Nouvelle-Aquitaine region, and further strengthen its expertise in the field of IT outsourcing. The Group thus formed will exceed €17 million in turnover, a significant portion of which is recurring. The CEO, advised by Alienor Partners, intends to pursue a policy of selective, value-creating external growth to become a prominent player in services for SMEs and mid-market companies in the Île-de-France region.
This acquisition was financed by an equity injection from SOCADIF Capital Investissement, supplemented by bank debt provided by CIC, Crédit Agricole Ile-de-France (CADIF) and BPI France.
Morgan DJORNO, CEO of the ARJ Group, explains:
“The synergies, both personal and professional, with Samya Glangetas and Emmanuel David quickly became apparent to me. I am looking forward to embarking on this venture with my new partners. The acquisition of Groupe Delta provides us with an opportunity, through diversification, to expand our offering horizontally to our clients and prospects whilst upholding our values and maintaining our high standards in terms of environmental responsibility.”
“We were particularly impressed by the enthusiasm and professionalism of Morgan Djorno, who, in just a few years, has managed to increase his turnover eightfold by diversifying his range of services. The acquisition of Groupe Delta enables him to incorporate new, forward-looking skills and expand his sphere of influence. We are delighted to be able to support the Group’s development, both in terms of organic growth and external expansion.”
Parties involved in the transaction:
GROUPE ARJ : Morgan JORNO
SOCADIF CAPITAL INVESTISSEMENT : Samya GLANGETAS, Emmanuel DAVID
INVESTMENT BANK:
ALIENOR PARTNERS: Ludovic RICHARD
INVESTOR’S SOLICITORS AND LEGAL DUE DILIGENCE:
JOFFE & ASSOCIES : Virginie BELLE, Mathilde VASSEUR
COMPANY LAWYER:
DUROC PARTNERS : Erwan BORDET, Faustine PAOLUZZO
FINANCIAL AUDIT:
MAZARS : Isabelle TRISTAN, Cyprien BENOIT
LENDERS:
CIC : David BENAROCH, Philippe GIBON
CADIF : Mickael LEVISTRE, Alma NOURBAKHT
BPI France : Alexandre VASSEUR, Mathieu GABIN, Souleymane NDIAYE
