Sophis sells majority stake to Advent
Risk management solutions provider Sophis has sold a majority stake to Advent International, a private equity investor, using the proceeds of a leveraged buyout.
Sophis founder and CEO Herve Vinciguerra will retain a stake in Sophis described by the company as "significant", and has a place on its supervisory board. Shareholder-managers Arnaud Vinciguerra and Nicolas Roussel will reinvest in the company, and the management team remains unchanged. A new CEO, Pascal Xatart, has been hired from
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