SVP Group (now renamed Kerudys) a leading specialist of business services firm has acquired both Finapaye and Initiatives & Prévention, consolidating its position in the French market and extending its service offer to professionals.
Both acquisitions were completed less than 6 months after MML’s investment in 2016, to support the group’s strategic growth plan.
Created in 2002, Finapaye is an HR services specialist dedicated to payroll outsourcing. This acquisition strengthen’s the Group’s fast-growing position in the HR outsourcing services market.
Initiatives et Prévention (IP) is a specialist in Health and Safety services and adds complementary knowledge to the Group’s existing offer to professionals.
Olivier Lenormand, group CEO and Laurent Rabaglia, IP co-founder & CEO comment: “IP’s expertise is extremely complementary to the present structures of the Group; the entrepreneurial culture of the Group fits very well to support the continued growth of IP”.
Henry-Louis Mérieux, Managing Partner at MML says “both acquisitions are fully in line with the group strategy of consolidating its existing market positions and adding specific complementary know-hows to continuously enrich its offer to clients”.
Kerudys is a leading professional services group covering the main activities of technical information services (legal and tax, regulation, finance, international development, human resources, health and safety) and dedicated HR services (payroll management and professional trainings).