{"id":17112,"date":"2023-01-25T16:36:12","date_gmt":"2023-01-25T15:36:12","guid":{"rendered":"https:\/\/www.joffeassocies.com\/ja-advises-socadif-capital-investissement-on-a-growth-capital-transaction\/"},"modified":"2026-09-28T17:43:45","modified_gmt":"2026-09-28T15:43:45","slug":"ja-advises-socadif-capital-investissement-on-a-growth-capital-transaction","status":"publish","type":"post","link":"https:\/\/www.joffeassocies.com\/en\/ja-advises-socadif-capital-investissement-on-a-growth-capital-transaction\/","title":{"rendered":"J&A advises SOCADIF Capital Investissement on a growth capital transaction"},"content":{"rendered":"

Retrouvez l’int\u00e9gralit\u00e9 de l’article de Socadif ici<\/a>.<\/p>\n

 <\/p>\n

ARJ is a Cr\u00e9teil-based group specialising in services for businesses (SMEs and small-to-medium-sized industrial firms). It operates mainly in the \u00cele-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. <\/strong><\/p>\n

 <\/p>\n

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.<\/p>\n

 <\/p>\n

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 \u20ac1 million in 2016 to \u20ac8 million in 2021.<\/p>\n

 <\/p>\n

\nThe acquisition of Delta and its Bordeaux-based subsidiary So Technologies will enable the ARJ Group to consolidate its presence in the \u00cele-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 \u20ac17 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 \u00cele-de-France region.<\/p>\n

 <\/p>\n

This acquisition was financed by an equity injection from SOCADIF Capital Investissement, supplemented by bank debt provided by CIC, Cr\u00e9dit Agricole Ile-de-France (CADIF) and BPI France.<\/p>\n

 <\/p>\n

Morgan DJORNO, CEO of the ARJ Group, explains: <\/strong><\/p>\n

\u201cThe 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.\u201d<\/p>\n

 <\/p>\n

\u201cWe 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\u2019s development, both in terms of organic growth and external expansion.\u201d<\/p>\n

\n

Parties involved in the transaction:<\/p>\n

GROUPE ARJ<\/a> : Morgan JORNO
\nSOCADIF CAPITAL INVESTISSEMENT : Samya GLANGETAS, Emmanuel DAVID<\/p>\n

 <\/p>\n

INVESTMENT BANK:
\nALIENOR PARTNERS: Ludovic RICHARD
\nINVESTOR\u2019S SOLICITORS AND LEGAL DUE DILIGENCE:
\nJOFFE & ASSOCIES<\/a> : Virginie BELLE<\/a>, Mathilde VASSEUR<\/a><\/p>\n

 <\/p>\n

COMPANY LAWYER:
\nDUROC PARTNERS : Erwan BORDET, Faustine PAOLUZZO<\/p>\n

 <\/p>\n

FINANCIAL AUDIT:
\nMAZARS : Isabelle TRISTAN, Cyprien BENOIT<\/p>\n

 <\/p>\n

LENDERS:
\nCIC : David BENAROCH, Philippe GIBON
\nCADIF : Mickael LEVISTRE, Alma NOURBAKHT
\nBPI France : Alexandre VASSEUR, Mathieu GABIN, Souleymane NDIAYE<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Retrouvez l’int\u00e9gralit\u00e9 de l’article de Socadif ici.   ARJ is a Cr\u00e9teil-based group specialising in services for businesses (SMEs and small-to-medium-sized industrial firms). It operates mainly in the \u00cele-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 […]<\/p>\n","protected":false},"author":7,"featured_media":6812,"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":[12],"tags":[],"class_list":["post-17112","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals-en"],"acf":[],"yoast_head":"\nJ&A advisers of Socadif Capital Investissement<\/title>\n<meta name=\"description\" content=\"J&A advised SOCADIF Capital Investissement in connection with a growth capital transaction and an acquisition by the ARJ Group.\" \/>\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\/ja-advises-socadif-capital-investissement-on-a-growth-capital-transaction\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"J&A advises SOCADIF Capital Investissement on a growth capital transaction\" \/>\n<meta property=\"og:description\" content=\"J&A advised SOCADIF Capital Investissement in connection with a growth capital transaction and an acquisition by the ARJ Group.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.joffeassocies.com\/en\/ja-advises-socadif-capital-investissement-on-a-growth-capital-transaction\/\" \/>\n<meta property=\"og:site_name\" content=\"Joffe & Associ\u00e9s\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-25T15:36:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-09-28T15:43:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.joffeassocies.com\/wp-content\/uploads\/2023\/01\/ARJ-janv-2023-site-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"348\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Valentin Poitou\" \/>\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=\"Valentin Poitou\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.joffeassocies.com\/en\/ja-advises-socadif-capital-investissement-on-a-growth-capital-transaction\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.joffeassocies.com\/en\/ja-advises-socadif-capital-investissement-on-a-growth-capital-transaction\/\"},\"author\":{\"name\":\"Valentin Poitou\",\"@id\":\"https:\/\/www.joffeassocies.com\/#\/schema\/person\/e5592630e308ed4af81e692625cca7bc\"},\"headline\":\"J&A advises SOCADIF Capital Investissement on a growth capital transaction\",\"datePublished\":\"2023-01-25T15:36:12+00:00\",\"dateModified\":\"2026-09-28T15:43:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.joffeassocies.com\/en\/ja-advises-socadif-capital-investissement-on-a-growth-capital-transaction\/\"},\"wordCount\":484,\"image\":{\"@id\":\"https:\/\/www.joffeassocies.com\/en\/ja-advises-socadif-capital-investissement-on-a-growth-capital-transaction\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.joffeassocies.com\/wp-content\/uploads\/2023\/01\/ARJ-janv-2023-site-1.png\",\"articleSection\":[\"Deals\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.joffeassocies.com\/en\/ja-advises-socadif-capital-investissement-on-a-growth-capital-transaction\/\",\"url\":\"https:\/\/www.joffeassocies.com\/en\/ja-advises-socadif-capital-investissement-on-a-growth-capital-transaction\/\",\"name\":\"J&A advisers of Socadif Capital Investissement\",\"isPartOf\":{\"@id\":\"https:\/\/www.joffeassocies.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.joffeassocies.com\/en\/ja-advises-socadif-capital-investissement-on-a-growth-capital-transaction\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.joffeassocies.com\/en\/ja-advises-socadif-capital-investissement-on-a-growth-capital-transaction\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.joffeassocies.com\/wp-content\/uploads\/2023\/01\/ARJ-janv-2023-site-1.png\",\"datePublished\":\"2023-01-25T15:36:12+00:00\",\"dateModified\":\"2026-09-28T15:43:45+00:00\",\"author\":{\"@id\":\"https:\/\/www.joffeassocies.com\/#\/schema\/person\/e5592630e308ed4af81e692625cca7bc\"},\"description\":\"J&A advised SOCADIF Capital Investissement in connection with a growth capital transaction and an acquisition by the ARJ Group.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.joffeassocies.com\/en\/ja-advises-socadif-capital-investissement-on-a-growth-capital-transaction\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.joffeassocies.com\/en\/ja-advises-socadif-capital-investissement-on-a-growth-capital-transaction\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.joffeassocies.com\/en\/ja-advises-socadif-capital-investissement-on-a-growth-capital-transaction\/#primaryimage\",\"url\":\"https:\/\/www.joffeassocies.com\/wp-content\/uploads\/2023\/01\/ARJ-janv-2023-site-1.png\",\"contentUrl\":\"https:\/\/www.joffeassocies.com\/wp-content\/uploads\/2023\/01\/ARJ-janv-2023-site-1.png\",\"width\":800,\"height\":348},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.joffeassocies.com\/en\/ja-advises-socadif-capital-investissement-on-a-growth-capital-transaction\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Accueil\",\"item\":\"https:\/\/www.joffeassocies.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"J&A advises SOCADIF Capital Investissement on a growth capital transaction\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.joffeassocies.com\/#website\",\"url\":\"https:\/\/www.joffeassocies.com\/\",\"name\":\"Joffe & Associ\u00e9s\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.joffeassocies.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.joffeassocies.com\/#\/schema\/person\/e5592630e308ed4af81e692625cca7bc\",\"name\":\"Valentin Poitou\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.joffeassocies.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/747f77ed431582465814b5606637910b42405f7eb0063e215b2f68990a7befab?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/747f77ed431582465814b5606637910b42405f7eb0063e215b2f68990a7befab?s=96&d=mm&r=g\",\"caption\":\"Valentin Poitou\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"J&A advisers of Socadif Capital Investissement","description":"J&A advised SOCADIF Capital Investissement in connection with a growth capital transaction and an acquisition by the ARJ Group.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.joffeassocies.com\/en\/ja-advises-socadif-capital-investissement-on-a-growth-capital-transaction\/","og_locale":"en_US","og_type":"article","og_title":"J&A advises SOCADIF Capital Investissement on a growth capital transaction","og_description":"J&A advised SOCADIF Capital Investissement in connection with a growth capital transaction and an acquisition by the ARJ Group.","og_url":"https:\/\/www.joffeassocies.com\/en\/ja-advises-socadif-capital-investissement-on-a-growth-capital-transaction\/","og_site_name":"Joffe & Associ\u00e9s","article_published_time":"2023-01-25T15:36:12+00:00","article_modified_time":"2026-09-28T15:43:45+00:00","og_image":[{"width":800,"height":348,"url":"https:\/\/www.joffeassocies.com\/wp-content\/uploads\/2023\/01\/ARJ-janv-2023-site-1.png","type":"image\/png"}],"author":"Valentin Poitou","twitter_card":"summary_large_image","twitter_creator":"@JoffeAssocies","twitter_site":"@JoffeAssocies","twitter_misc":{"Written by":"Valentin Poitou","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.joffeassocies.com\/en\/ja-advises-socadif-capital-investissement-on-a-growth-capital-transaction\/#article","isPartOf":{"@id":"https:\/\/www.joffeassocies.com\/en\/ja-advises-socadif-capital-investissement-on-a-growth-capital-transaction\/"},"author":{"name":"Valentin Poitou","@id":"https:\/\/www.joffeassocies.com\/#\/schema\/person\/e5592630e308ed4af81e692625cca7bc"},"headline":"J&A advises SOCADIF Capital Investissement on a growth capital transaction","datePublished":"2023-01-25T15:36:12+00:00","dateModified":"2026-09-28T15:43:45+00:00","mainEntityOfPage":{"@id":"https:\/\/www.joffeassocies.com\/en\/ja-advises-socadif-capital-investissement-on-a-growth-capital-transaction\/"},"wordCount":484,"image":{"@id":"https:\/\/www.joffeassocies.com\/en\/ja-advises-socadif-capital-investissement-on-a-growth-capital-transaction\/#primaryimage"},"thumbnailUrl":"https:\/\/www.joffeassocies.com\/wp-content\/uploads\/2023\/01\/ARJ-janv-2023-site-1.png","articleSection":["Deals"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.joffeassocies.com\/en\/ja-advises-socadif-capital-investissement-on-a-growth-capital-transaction\/","url":"https:\/\/www.joffeassocies.com\/en\/ja-advises-socadif-capital-investissement-on-a-growth-capital-transaction\/","name":"J&A advisers of Socadif Capital Investissement","isPartOf":{"@id":"https:\/\/www.joffeassocies.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.joffeassocies.com\/en\/ja-advises-socadif-capital-investissement-on-a-growth-capital-transaction\/#primaryimage"},"image":{"@id":"https:\/\/www.joffeassocies.com\/en\/ja-advises-socadif-capital-investissement-on-a-growth-capital-transaction\/#primaryimage"},"thumbnailUrl":"https:\/\/www.joffeassocies.com\/wp-content\/uploads\/2023\/01\/ARJ-janv-2023-site-1.png","datePublished":"2023-01-25T15:36:12+00:00","dateModified":"2026-09-28T15:43:45+00:00","author":{"@id":"https:\/\/www.joffeassocies.com\/#\/schema\/person\/e5592630e308ed4af81e692625cca7bc"},"description":"J&A advised SOCADIF Capital Investissement in connection with a growth capital transaction and an acquisition by the ARJ Group.","breadcrumb":{"@id":"https:\/\/www.joffeassocies.com\/en\/ja-advises-socadif-capital-investissement-on-a-growth-capital-transaction\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.joffeassocies.com\/en\/ja-advises-socadif-capital-investissement-on-a-growth-capital-transaction\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.joffeassocies.com\/en\/ja-advises-socadif-capital-investissement-on-a-growth-capital-transaction\/#primaryimage","url":"https:\/\/www.joffeassocies.com\/wp-content\/uploads\/2023\/01\/ARJ-janv-2023-site-1.png","contentUrl":"https:\/\/www.joffeassocies.com\/wp-content\/uploads\/2023\/01\/ARJ-janv-2023-site-1.png","width":800,"height":348},{"@type":"BreadcrumbList","@id":"https:\/\/www.joffeassocies.com\/en\/ja-advises-socadif-capital-investissement-on-a-growth-capital-transaction\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Accueil","item":"https:\/\/www.joffeassocies.com\/en\/"},{"@type":"ListItem","position":2,"name":"J&A advises SOCADIF Capital Investissement on a growth capital transaction"}]},{"@type":"WebSite","@id":"https:\/\/www.joffeassocies.com\/#website","url":"https:\/\/www.joffeassocies.com\/","name":"Joffe & Associ\u00e9s","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.joffeassocies.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.joffeassocies.com\/#\/schema\/person\/e5592630e308ed4af81e692625cca7bc","name":"Valentin Poitou","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.joffeassocies.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/747f77ed431582465814b5606637910b42405f7eb0063e215b2f68990a7befab?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/747f77ed431582465814b5606637910b42405f7eb0063e215b2f68990a7befab?s=96&d=mm&r=g","caption":"Valentin Poitou"}}]}},"_links":{"self":[{"href":"https:\/\/www.joffeassocies.com\/en\/wp-json\/wp\/v2\/posts\/17112","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.joffeassocies.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.joffeassocies.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.joffeassocies.com\/en\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.joffeassocies.com\/en\/wp-json\/wp\/v2\/comments?post=17112"}],"version-history":[{"count":2,"href":"https:\/\/www.joffeassocies.com\/en\/wp-json\/wp\/v2\/posts\/17112\/revisions"}],"predecessor-version":[{"id":17135,"href":"https:\/\/www.joffeassocies.com\/en\/wp-json\/wp\/v2\/posts\/17112\/revisions\/17135"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.joffeassocies.com\/en\/wp-json\/wp\/v2\/media\/6812"}],"wp:attachment":[{"href":"https:\/\/www.joffeassocies.com\/en\/wp-json\/wp\/v2\/media?parent=17112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.joffeassocies.com\/en\/wp-json\/wp\/v2\/categories?post=17112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.joffeassocies.com\/en\/wp-json\/wp\/v2\/tags?post=17112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}