FIME Acquired By Chequers Capital

2 June 2016

New investment will accelerate growth and bring substantial benefits to FIME’s stakeholders 

FIME, a world leader in certification consultancy and testing for secure electronic transactions, has been acquired from Orange by independent investment firm Chequers Capital. The new ownership framework will enable FIME to enhance its assertive expansion strategy to offer new services in emerging markets and increase its geographical presence globally.

Chequers Capital has extensive experience in developing companies, both organically and through acquisitions and works with their management teams to drive growth. It will support FIME’s offering expansion in consulting services, technical training, technology design, test tools and certification testing across the financial services, telecom, transport and identity sectors. Investment will also be made to increase FIME’s global footprint through new laboratory locations. 

Pascal Le Ray, CEO at FIME, comments: “FIME is operating in markets that are experiencing major changes due to technological developments. This is happening in our core payments market, as well as in new areas of development such as machine to machine and the internet of things. To continue our sustained growth in this context, FIME will invest in R&D and further international expansion. The support of Chequers Capital will essentially provide FIME with the agility and resources to accelerate its growth and be even more responsive to our customers’ and partners’ needs.”

FIME’s management structure and 500 strong team, which is based across its seven locations (Canada, France, USA, India, South Korea, Taiwan and Japan) will remain unchanged.

“This is an extremely exciting chapter in FIME’s evolution,” concludes Le Ray. “As we grow and expand our staff, customers and partners will benefit from many new opportunities thanks to increased flexibility, capacity and global reach.” 

  • FIME was acquired by the Orange Group in 2007 along with the acquisition of Groupe Silicomp.
  • FIME is a rapidly growing company that achieved a turnover in excess of €45 million in 2015.

FIME offers comprehensive consulting services, technical training, technology design, test tools and certification testing across the financial services, telecom, transit and identity sectors. Its experts support projects from start to finish, resolving the technical challenges its customers face when implementing a complete portfolio of specifications, standards and multi-brand industry requirements.

FIME speaks the language of its customers and uses its 20+ years of experience to ensure that card and mobile transactions services are implemented efficiently and successfully. It supports a range of technologies including contact, contactless, EMV chip, near field communication (NFC), host card emulation (HCE), tokenization, secure element (SE), machine to machine (M2M), internet of things (IoT) and trusted execution environment (TEE).

Partnering with the international and national payment schemes, and industry bodies, FIME ensures its multi-brand offering is always aligned with the latest market requirements. 

Chequers Capital, founded in Paris in 1972, is one of the oldest private equity firms in Europe. It is an independent company with funds under management of close to €2 billion. Chequers’ team of twenty investment professionals in France, Germany and Italy has invested in many sectors and structures (majority or minority LBO, taken-private, growth capital transactions), with a particular appetite for carve-outs of large groups as well as niche leaders with strong international footprints. 

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