Scotto Partners is advising Rydoo's management team in connection with Marlin Equity Partners' acquisition of a majority stake

Rydoo, a leader in SaaS solutions for business travel and expense management, has a new majority shareholder. Marlin Equity Partners has acquired a majority stake in the group, which was previously owned by Sodexo, a publicly traded French company primarily active in the foodservice industry. The management team, led by CEO Sébastien Marchon, and the group’s former owner are reinvesting alongside the new majority shareholder.

Since 2018, Rydoo has been offering users and finance managers an end-to-end solution for effectively managing employee business travel and expenses. Its two modules, “Travel” and “Expense,” enable companies to manage the entire value chain through a single application. In this way, Rydoo helps companies around the world reinvent their practices by digitizing and simplifying their management processes.

Upon completion of the transaction, Patrick Mathieu will become Vinventions’ new non-executive chairman. Currently CEO of Armacell, he will bring to the board of directors more than 30 years of experience within major global industrial organizations.

More than 10,000 public and private organizations in over 150 countries already rely on Rydoo. The company’s client roster includes well-known brands such as Burger King, Deloitte, Singapore Airlines, Veolia, and many others. Rydoo serves more than one million users worldwide, who benefit daily from a seamless workflow and an enhanced user experience.

“Rydoo’s mission is to offer the most intuitive management solutions on the market, in order to streamline work processes, make them more transparent and efficient, and thereby provide a better quality of life for employees,” said Sébastien Marchon, CEO of Rydoo. “We are very pleased to have found in Marlin a new shareholder and partner that supports our strategic objectives and recognizes our value. Thanks to Marlin’s experience and expertise in business transformation and growth, we are well-positioned to strengthen our presence in the business travel and expense management market and further expand our operations. This marks a new chapter in Rydoo’s history, and we look forward to beginning it.”

With Marlin's support, Rydoo will be able to accelerate its international expansion and achieve its goal of becoming a leading player in the T&E tools market.

In connection with this LBO, Rydoo’s management was advised by Scotto Partners, with a team consisting ofIsabelle Cheradame (partner), assisted by Anaïs Pinton and Alexandre Zouhal on corporate matters; Jérôme Commerçon (partner), assisted by Julien Pardieu on tax matters; and Bertrand Thibaut (counsel) and Alban Tourneux on employment law matters.

On the financial side, they were advised by Coruscans, whose team consisted of Benjamin Lobel and Florian Pascaud.