• Antin Infrastructure Partners and Matawan have entered into exclusive negotiations for a majority investment in Matawan, a leading smart mobility platform offering mission-critical services to public transport networks and aiming to make everyday travel easier for commuters, transport authorities, and operators.
  • Clipperton and Natixis Partners acted as financial advisors to Antin Infrastructure Partners in this transaction. Clipperton’s debt advisory team structured the financing of the transaction.
  • This transaction highlights Clipperton’s expertise in mid-market Tech LBO, following a series of landmark transactions, including Hublo’s LBO with Five Arrows, FTV Capital’s investment in N2F, or Didomi’s LBO with Marlin Equity Partners. 

About Matawan

  • Founded in 2012, Matawan delivers a comprehensive mobility platform designed to bridge gaps within public transportation. Its cloud-native solutions form a core layer of modern transit infrastructure, supporting critical operations. The platform enhances the passenger experience across multiple modes of transport (bus, tram, rail, bike, ferry, etc.) through account-based ticketing, leverages AI to balance supply and demand, and equips both travelers and operators with accurate information and consistent service quality.
  • Today, Matawan supports over 330 transport networks across six countries in Europe and North America. The company intends to pursue further growth through a mix of organic expansion and acquisitions, while also extending its presence into new markets.

Deal Rationale

  • Antin’s NextGen Fund I would be investing in Matawan alongside founder Jean-Paul Medioni, who would have a seat on the company’s Supervisory Board, CEO Jérome Trédan, and its management team.
  • Upon closing, this investment would be the seventh by Antin’s €1.2 billion NextGen Infrastructure Fund I. NextGen invests in companies with proven business models and technologies that require substantial capital to scale to become the next generation of infrastructure, often with a strong focus on sustainability.
  • Jérôme Trédan, CEO of Matawan, commented: “We are thrilled to have the backing of Antin as the company enters a new growth chapter. Antin is the right partner to help us consolidate our French and European leadership, allow us to accelerate our expansion in Europe and North America, and execute our vision of making everyday commuting easier for all, for a more sustainable future.”
  • The transaction remains subject to customary works council information procedures and regulatory approval and is expected to close by the end of 2025.

Clipperton’s extensive track record with tech buy-out transactions 

Deal Team M&A

  • Thomas de Montille, Managing Partner
  • Nicolas von Bülow, Managing Partner
  • Ismail Roqaichaoui, Associate
  • Adib Alhachem, Analyst

Deal Team Debt Advisory

  • Laurence de Rosamel, Partner
  • William Poirson, Director

Deal Team Natixis Partners

  • Driss Mernissi, Managing Director

About Clipperton

Clipperton is a leading pan-European investment bank dedicated to technology and growth companies, with offices in Paris, Berlin, Munich, London, and Amsterdam, as well as partnerships in the USA, China, Italy, and Spain. We provide strategic and financial advisory to entrepreneurs, corporates, and top-tier investors in Europe who are looking to execute strategic M&A, private equity, private placements, and debt financing transactions. Founded in 2003, we have completed over 500 deals with fast-growing technology start-ups, blue-chip corporates, and renowned financial investors.