{"id":1031,"date":"2017-10-05T12:28:29","date_gmt":"2017-10-05T10:28:29","guid":{"rendered":"https:\/\/www.joffeassocies.com\/pragma-capital-relaie-naxicap-imx\/"},"modified":"2017-10-05T12:28:29","modified_gmt":"2017-10-05T10:28:29","slug":"pragma-capital-relaie-naxicap-imx","status":"publish","type":"post","link":"https:\/\/www.joffeassocies.com\/en\/pragma-capital-relaie-naxicap-imx\/","title":{"rendered":"Pragma Capital relaie Naxicap dans IMX"},"content":{"rendered":"<p>Pour la cinqui\u00e8me prise de participation de son troisi\u00e8me fonds, Pragma Capital parie sur le march\u00e9 de la distribution transfrontali\u00e8re de petits colis et de courrier.<br \/>\nIl s\u2019adjuge environ 75 % parts d\u2019IMX, un op\u00e9rateur qui avait d\u00e9j\u00e0 fait l\u2019objet d\u2019un premier LBO avec Naxicap Partners, en 2012.<\/p>\n<p>L\u2019investissement du sponsor s\u2019accompagne de la structuration d\u2019une dette senior dont le montant net ressort \u00e0 un peu moins de 3 fois l\u2019Ebitda d\u2019IMX. D\u00e9gageant 23 M\u20ac de revenus, ce dernier se pr\u00e9sente comme un op\u00e9rateur priv\u00e9 alternatif \u00e0 des entreprises comme La Poste.<br \/>\nSa singularit\u00e9 r\u00e9side dans l\u2019outil informatique qu\u2019elle a d\u00e9velopp\u00e9 pour identifier le trajet optimal d\u2019un colis, en termes d\u2019itin\u00e9raire g\u00e9ographique et de tarif. Cette solution se base sur un algorithme qui prend par exemple en compte les \u00ab subtilit\u00e9s \u00bb des grilles de tarifs postaux pays par pays.<br \/>\nIMX peut compter sur la solide croissance du march\u00e9 du courrier transfrontalier, qui s\u2019\u00e9l\u00e8ve \u00e0 25 % depuis quelques ann\u00e9es, selon les estimations de LEK Consulting.<\/p>\n<p>Le groupe originaire de Pantin (o\u00f9 il dispose d\u2019un centre logistique) cherche \u00e0 d\u00e9velopper l\u2019acheminement de colis de l\u2019\u00e9tranger vers la France. A cet \u00e9gard, son implantation en Allemagne servira en quelque sorte de test, dans ce projet.<\/p>\n<p><em>Conseils juridique : Joffe &amp; Associes (Aymeric D\u00e9gremont, Romain Soiron)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pour la cinqui\u00e8me prise de participation de son troisi\u00e8me fonds, Pragma Capital parie sur le march\u00e9 de la distribution transfrontali\u00e8re de petits colis et de courrier. Il s\u2019adjuge environ 75 % parts d\u2019IMX, un op\u00e9rateur qui avait d\u00e9j\u00e0 fait l\u2019objet d\u2019un premier LBO avec Naxicap Partners, en 2012. L\u2019investissement du sponsor s\u2019accompagne de la structuration [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":228,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-1031","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.4 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Pragma Capital relaie Naxicap dans IMX - Joffe &amp; Associ\u00e9s<\/title>\n<meta name=\"description\" content=\"Pour la cinqui\u00e8me prise de participation de son troisi\u00e8me fonds, Pragma Capital parie sur le march\u00e9 de la distribution transfrontali\u00e8re de petits colis et de courrier. Il s\u2019adjuge environ 75 % parts d\u2019IMX, un op\u00e9rateur qui avait d\u00e9j\u00e0 fait l\u2019objet d\u2019un premier LBO avec Naxicap Partners, en 2012.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.joffeassocies.com\/en\/pragma-capital-relaie-naxicap-imx\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pragma Capital relaie Naxicap dans IMX\" \/>\n<meta property=\"og:description\" content=\"Pour la cinqui\u00e8me prise de participation de son troisi\u00e8me fonds, Pragma Capital parie sur le march\u00e9 de la distribution transfrontali\u00e8re de petits colis et de courrier. Il s\u2019adjuge environ 75 % parts d\u2019IMX, un op\u00e9rateur qui avait d\u00e9j\u00e0 fait l\u2019objet d\u2019un premier LBO avec Naxicap Partners, en 2012.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.joffeassocies.com\/en\/pragma-capital-relaie-naxicap-imx\/\" \/>\n<meta property=\"og:site_name\" content=\"Joffe &amp; Associ\u00e9s\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-05T10:28:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.joffeassocies.com\/wp-content\/uploads\/2018\/01\/img-mag.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1186\" \/>\n\t<meta property=\"og:image:height\" content=\"711\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Blaise Deltombe\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@JoffeAssocies\" \/>\n<meta name=\"twitter:site\" content=\"@JoffeAssocies\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Blaise Deltombe\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.joffeassocies.com\/en\/pragma-capital-relaie-naxicap-imx\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.joffeassocies.com\/en\/pragma-capital-relaie-naxicap-imx\/\"},\"author\":{\"name\":\"Blaise Deltombe\",\"@id\":\"https:\/\/www.joffeassocies.com\/#\/schema\/person\/1e4e86e4066938387ee59b3004797f29\"},\"headline\":\"Pragma Capital relaie Naxicap dans IMX\",\"datePublished\":\"2017-10-05T10:28:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.joffeassocies.com\/en\/pragma-capital-relaie-naxicap-imx\/\"},\"wordCount\":240,\"image\":{\"@id\":\"https:\/\/www.joffeassocies.com\/en\/pragma-capital-relaie-naxicap-imx\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.joffeassocies.com\/wp-content\/uploads\/2018\/01\/img-mag.png\",\"articleSection\":[\"Deals\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.joffeassocies.com\/en\/pragma-capital-relaie-naxicap-imx\/\",\"url\":\"https:\/\/www.joffeassocies.com\/en\/pragma-capital-relaie-naxicap-imx\/\",\"name\":\"Pragma Capital relaie Naxicap dans IMX - Joffe & Associ\u00e9s\",\"isPartOf\":{\"@id\":\"https:\/\/www.joffeassocies.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.joffeassocies.com\/en\/pragma-capital-relaie-naxicap-imx\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.joffeassocies.com\/en\/pragma-capital-relaie-naxicap-imx\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.joffeassocies.com\/wp-content\/uploads\/2018\/01\/img-mag.png\",\"datePublished\":\"2017-10-05T10:28:29+00:00\",\"author\":{\"@id\":\"https:\/\/www.joffeassocies.com\/#\/schema\/person\/1e4e86e4066938387ee59b3004797f29\"},\"description\":\"Pour la cinqui\u00e8me prise de participation de son troisi\u00e8me fonds, Pragma Capital parie sur le march\u00e9 de la distribution transfrontali\u00e8re de petits colis et de courrier. 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