Tag : News

  • Clipperton acted as exclusive financial advisor to ISAI Expansion on its investment in Fleet, a French scale-up specializing in IT fleet management, equipment, and security for SMEs, through its ISAI Expansion III fund, at a valuation of €100 million.
  • This transaction will provide Fleet with the resources needed to accelerate its international development, strengthen its organizational structure, and expand its product offering, while preserving its operational discipline and profitable growth model.
  • Fleet’s LBO with ISAI Expansion confirms Clipperton’s expertise in the tech-enabled services industry, with recent transactions such as Homeland’s merger with ImmoCity, Eskimoz’s LBO with Siparex ETI, and Equativ’s unitranche with Eurazeo.  

About Fleet

  • Founded in April 2019 by Alexandre Berriche and Sevan Marian, Fleet has gradually expanded its positioning to support SMEs with 5 to 500 employees, often with a strong international footprint, built around three core pillars: IT procurement, with deliveries to over 120 countries in under 48 hours, day-to-day IT fleet management, and cybersecurity.
  • Today, Fleet employs 45 people across Paris and Barcelona, serves nearly 2,000 clients – including Swedish unicorn Lovable, restaurant group Nouvelle Garde, and Les Merveilleux de Fred – and operates actively in around ten European countries as well as in the United States. In 2025, the company recorded growth of over 90%, while maintaining a profitable model and a deliberately lean organisation.

Deal Rationale

  • After seven years of existence and having been entirely bootstrapped to date, Fleet is opening its capital to external investors for the first time. This primary LBO transaction provides liquidity to the two founders, Sevan Marian and Alexandre Berriche, as well as to employees, while preserving a majority-independent shareholding structure.
  • This transaction opens a new phase for Fleet, with priorities focused on structuring the organisation, accelerating development, particularly internationally, and expanding the product offering, while remaining true to the fundamentals that have driven the company’s success: operational excellence, commercial efficiency, and financial discipline. 
  • Sevan Marian, CEO and Co-Founder of Fleet, stated: “This transaction marks an important milestone for Fleet. Bringing ISAI Expansion on board is a structuring choice: we share a strong entrepreneurial culture and a clear ambition. It also allows us to provide liquidity to those who have contributed to this journey, while preserving our independence, as we remain majority shareholders.”

Clipperton’s track record with tech-enabled services

Fleet’s LBO with ISAI Expansion confirms Clipperton’s expertise in the tech-enabled services industry, with recent transactions such as Homeland’s merger with ImmoCity, Eskimoz’s LBO with Siparex ETI, and Equativ’s unitranche with Eurazeo.  

Deal Team 

About Clipperton

Clipperton is a leading international investment bank dedicated to technology and growth companies, with offices in Paris, New York, Berlin, and Munich, as well as partnerships in the Netherlands, the UK, Switzerland, China, Italy, and Spain. We provide strategic and financial advisory services to entrepreneurs, corporates, and top-tier investors 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 businesses, blue-chip corporates, and renowned financial investors.