FR

Our transactions

Activity :
Business services

Customer :
JLO Group

Acquirer :
Apicil

Advice :
Nathanaël Blanc, Roxane Chollet

About Largillière Finance

With offices in Paris, Nantes, Brussels and Geneva, Largillière Finance is an independent investment bank dedicated to assisting managers and shareholders of small and medium-sized companies with their capital transactions: company sales and acquisitions, financing (capital and/or debt), financial engineering (valuation, etc.) and financial strategy.

Sales - 2024

Sale of JLO Group to Apicil Group

Largillière Finance advised JLO Group, an HR & QWL consulting firm, in its merger with APICIL Group, France's 3rd largest social protection group, which strengthens its expertise in Quality of Life and Working Conditions (QWL).

Founded in 2005 by Jean-Luc Odeyer based on the conviction that “there can be no sustainable economic performance without social performance”, JLO Group has established itself as a leading French player in the support and implementation of operational HR solutions, for both private and public companies, in the global field of QWL. It is the first HR and QWL firm to obtain Entreprise à Mission status in May 2023.

At a time when demand for QWL support is booming, Jean-Luc Odeyer wanted to be backed by an industrial group, and commissioned Largillière Finance to do so. Very active in the service sector, both in HR and insurance/mutual insurance, the investment bank quickly identified the APICIL Group as one of the best buyers.

The integration of the JLO Group enables Apicil to strengthen its ambition to provide HR and HRQoL services to employers and employees. This diversification is part of the company's Horizon 2024 strategic plan, and enhances its range of services for customers.

This merger between two structures working on issues involving social partners, with the mission of supporting employees, will boost the QWL in a wider range of organizations. Furthermore, the two Groups have made their roots in the Auvergne-Rhône-Alpes region a major asset for their development throughout France.

Jean-Luc Odeyer, founder and Chairman of Groupe JLO:

I thank Largillière Finance for its in-depth understanding of our challenges and its efficiency. I am delighted with this alliance with APICIL Group, which will enable us to accelerate our mission of advising companies and organizations at a time when QHV issues have become crucial.

Nathanaël Blanc, Director at Largillière Finance:

We were immediately struck by the alignment of the JLO Group’s values with those of the APICIL Group, and are delighted to have been involved in this meaningful transaction.

With more than 40 employees, a strong international presence and nearly 30 operations in 2023, Largillière Finance confirms its leader position in small and midcap in France.

Leading

  • Private Equity - Small-cap LBO transactions - Investment banks - France - 2024
 

Excellent

  Investment Bank: "Best Small to Mid Team": Silver trophy 2024 Investment Bank: "Best Small to Mid Team": Bronze trophy 2023

About Largillière Finance

With offices in Paris, Nantes, Brussels and Geneva, Largillière Finance is an independent investment bank dedicated to assisting managers and shareholders of small and medium-sized companies with their capital transactions: company sales and acquisitions, financing (capital and/or debt), financial engineering (valuation, etc.) and financial strategy.

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