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Comitéo (Alter CE): flashback on an extraordinary entrepreneurial journey

In April 2018, CapDecisif Management, with the Paris Region Venture Fund strategic financial instrument, and Fa Dièse sold their Comitéo (Alter CE) stake to Natixis.

In doing so, CapDecisif Management recorded a 7.5-fold increase in its initial investment for the Paris Region Venture Fund.

Created in 2008, Alter CE is a company based in Boulogne-Billancourt near Paris that markets the Comitéo cross-functional events and business management software platform to works councils. Our meeting with Cédric Leblanc and Nicolas Mignot in the first quarter of 2012 marked a turning point. They partnered with our CapDecisif Management team at the end of June 2012 (along with Fa Dièse) in order to make Comitéo the leading innovational platform in a market already heavily populated with incumbent players. Supported by a senior board, the entrepreneurial journey taken by Cédric and Nicolas is exemplary in more ways than one. The main thrusts of the development plan, identified from the outset, were rapidly respected. The two founders launched, then developed a scalable range meeting the business needs of their customers and recruited key skills to ensure an efficient organisation from the beginning through to roll-out. We discussed positioning, the platform and its extensions and innovative functionalities, but business development was always central to the strategy developed by the company’s strategic committee. In December 2014, the company was voted the leading French company in the Software and IT Services sector under the Deloitte Technology Fast50 programme. This recognition was pivotal for the company and heartened its managers. Alter CE has now equipped itself with an efficient management tool, based largely on our recommendations, and is expanding its range of white-label services for different classes of customers. At the time of its sale, the company had created some 110 jobs. Cédric and Nicolas are still managing the company as part of the Natixis Group.