Editialis #2

Presentation of the company

Created in 1978, EDITIALIS is active in the publishing and event organization sector. The company, managed by Lenglart Hervé, has 50 employees and is based in Boulogne billancourt. The company is part of the group called Netmedia Group. It was founded in 2017 by Pascal Chevalier with the acquisition from Truffle Capital of 51% of the shares of Netmedia Europe, 100% of Editialis and Digital Business News in the first semester 2018. Behind these acquisitions, strategy is to reorganize the business with cost base improvment and maximise the digitalization and event expertise of the group.

The company’s main activities are:

• Professional newspaper publisher with 9 BtoB media brands and 7 digital platforms
• Organization of community events, with more than 40 events per year

The group has 150 employees and is based in Boulogne Billancourt

Project Description

The company has a 1M€ investment program focused on the company’s digitalization through immaterial investments, outsourcing and recruitment. The financing of this program is made in two tranches. As a reminder, the October lending community supported Editialis in march 2019 with 519 000 € to finance the first part of the investment program. The company requests 505 000 € with 3 months of deferred repayment to finance the second part of the investment program. This project will be realised this quarter.

This project is a Flexible Bridge Loan, an amortizable loan with a standard commitment for the first 9 months and the possibility of early repayment at no cost for the remainder of the loan term, even in the event of refinancing by other financial institutions.

This project is a medium-term loan with a capital amortisation deferment and as such presents a different method of capital repayment than standard projects. The first 3 months, the lenders will only receive interest; the following 33 months, the lenders will receive interest and principal amortization. This principal repayment profile matches the borrower’s financing needs while allowing lenders to earn a higher amount of interest.

The amount offered on the platform is limited to 247450€, which is in line with the regulatory limits.