Oberthur Technologies Acquired by Advent International
Summary
Global private equity firm Advent International has completed the acquisition of the Card Systems and Identity divisions of the François-Charles Oberthur Fiduciaire Group, following workers’ council consultation and the approval of the transaction by relevant market authorities.Jean-Pierre Savare, founder of the Oberthur group and his family retain a 10% stake in the capital.) and for secure identity documents, traditional and electronic (identity card, passport, health care card), operating in the mobile and payment industries as well as government and corporate markets.Created in 1984, the group (headquartered in Levallois-Perret, France) currently employs 5,700 employees with 50 sales offices across 5 continents and an international network serving clients in 140 countries.Graduate of Telecom Sud Paris and of Harvard Business School (PMD 72), he began his career at Arthur Andersen and KPMG Peat Marwick.