DC Advisory advises Latour Capital on the sale of Oxand to Meridiam

Background

• A spin-off from French electricity company, EDF, Oxand was incorporated in 2002 to optimize predictive maintenance plans for nuclear power plants in order to reduce cost, minimize risk and increase asset availability
• Oxand’s software is the result of 20+ years of development of a unique database of 10,000+ proprietary predictive models and 30,000+ maintenance laws constantly improved by new projects
• Oxand provides Real Estate and Infrastructure asset owners with unique software to:
  • Optimize predictive maintenance plans over assets’ lifecycle, based on their priorities: budget, risk, condition and energy performance
  • Define assets’ energy performance evolution in order to comply with energy regulation

Process

• DC Advisory acted as exclusive financial advisor to Latour Capital
• DC Advisory conducted a competitive process with a limited number of trade and financial buyers, pre-qualified for their appetite for Oxand

Outcome

• In January 2025, Meridiam acquired Oxand through its Green Impact Growth Fund (GIGF)
• The wider Meridiam group is a leading infrastructure investor with >$22bn assets under management and >125 real assets held around the world
• Oxand’s management team will invest in the proposed transaction and, together, they will support the continued development of Oxand by further investing into the product and service range, optimizing Oxand and ramping up business development to unlock new and existing markets
• This transaction further illustrates DC Advisory's expertise in the Technology & Software sector