About the Client
EcoVadis, the leading platform for environmental, social and ethical performance ratings for global supply chains, servicing over 30,000 customers in 110 countries, employs 320 professionals worldwide and has been growing organically by 50% annually since inception 10 years ago. Its ratings and scorecards are being used by over 150 of the world’s largest supply chains representing more than $1 trillion in annual procurement spend.
About the Deal
GP Bullhound acted as the exclusive financial advisor to EcoVadis on a growth equity investment of €30m from Partech Ventures.
This minority investment is the first outside capital for EcoVadis since its founding in 2007. It will be used to accelerate worldwide adoption of EcoVadis’ supplier Corporate Social Responsibility (CSR) ratings, to advance the reliability and value delivered in its ratings, and to further invest in core technologies of its platform, through in-house R&D and partnerships with best-of-breed tech start-ups.
“As a transatlantic investment fund, Partech is the ideal partner as we scale,” said Frederic Trinel, Co-CEO of EcoVadis. He continues: “GP Bullhound has been a great advisor in this journey and has been invaluable in identifying the best partner for this investment, and ensuring a successful transaction for both parties.”
Guillaume Bonneton, Partner at GP Bullhound and Head of its Paris office, commented: “We are proud to have advised Ecovadis and their founders on one of the largest SaaS transactions in 2016 in France. Through this investment we are convinced Partech will be a great partner in their journey, and help Ecovadis cement their leadership as the global standard for supplier sustainability ratings.”