• Corporate
Published on 19 September 2019

BSSI, EVA Group Cybersecurity division, announces the acquisition of Lineon, and creates an independent French leader in Cybersecurity consulting

BSSI, the Cybersecurity division of EVA Group, strengthens its competitive edge with the acquisition of Lineon, a player specialized in consulting and technical expertise, with offices in Paris, Toulouse and London. This transaction, six months after B & Capital’s equity stake in Cybersecurity at EVA Group, matches EVA Group’s strategy of developing its business in this sector. More than 150 consultants now work at BSSI in France and overseas and the division is expected to account over € 18 million euros in revenues for FY2019E.Given the increasing number of Cybersecurity incidents and evermore stringent regulations now and in the future, BSSI is positioned at the core of its clients’ needs to identify and reduce cyber risk, notably: data theft, unavailability of IT systems, violation of data privacy and compliance with regulations.With this add-on acquisition, BSSI reinforces its footprint in several sectors: Banking, Insurance, Luxury & Retail, Industry, Energy, Defense, etc.

Erwan Brouder, BSSI CEO, commented: “BSSI and Lineon have developed complementary offerings in Cybersecurity. In addition, BSSI recently received the PASSI label (Qualified Auditor for Security of IT Systems) from the National Cybersecurity Agency of France. BSSI is now regarded as a leading player in Cybersecurity in France”.

Sébastien Michaud, CEO and co-founder of Lineon, said: “I am eager to work with Erwan Brouder as we share a common vision of Cybersecurity, that is to say a risk-based approach totally aligned with client security challenges and business continuity. Cybersecurity is a key element for companies to reach their targets. BSSI’s position as a Cybersecurity pure player is stronger and new opportunities will arise for our customers and employees in France and overseas.”

Transaction details


Financial due diligence : D’Ornano & Associés (Raphaëlle d’Ornano, Adrien d’Hauthuille)
Legal and social due diligence : D’Ornano & Associés (Raphaëlle d’Ornano, Lauriane Miel-Gautier)
Legal counsel:

  • Structuring: Goodwin (Jérôme Jouhanneaud, Chloé Vu Thien, Yoann Labbé)
  • Tax: Goodwin (Marie-Laure Bruneel, Paul Fournière)
  • Financing: Goodwin (Adrien Paturaud, Laurent Bonnet)


Coordinator and co-lead arranger: Caisse d’Epargne Ile-de-France (Cédric Alin, Arnaud Liegeois)
Co-lead arranger: LCL (Vladimir Coeuret)
Participants: BNP Paribas (Anne-Laure Herbinet, Denis Cardinali), HSBC (Jérôme Richaud, Carole Bordier)


Sébastien Michaud, Sylvain Pilette, Olivier Allaire


Legal counsel: Pierre Grenier

About BSSI


BSSI is a consulting and technical expertise firm specialized in Cybersecurity founded in 2011 by Erwan Brouder. By promoting a comprehensive risk-based approach, BSSI addresses the business needs of a large number of companies. In 2014, BSSI launched its research and development activities. In 2015, BSSI becomes the Cybersecurity division of EVA Group, providing a complete service offering: governance and assistance to CISO (Chief Information Security Officer), compliance management, IT architecture and cloud security, audit and penetration tests, certifying training, financial quantification of cyber risk, assistance for implementation of security operations center (SOC).

LinkedIn: https://www.linkedin.com/company/bssi-conseil-&-audit

Press contact:

About Lineon:


Lineon was founded in 2002 by three consultants specialized in Cybersecurity of networks and IT systems who contributed their collective twenty years of experience together with one vision: “Successful business is supported by an efficient approach to Information Security.” This approach assumes the understanding of the constraints and risks to the business function which can be exploited through the tenants of Cybersecurity: advice, engineering, operations and audit. Lineon headcount today is about fifty consultants who provide personalized solutions to address the business needs of a large number of companies and organizations: strategic consulting, operational assistance, security expertise and SOC expertise.

About B & Capital:


B & Capital was set up in 2016 by a seasoned investment team. The firm stands in a unique position within the European small and mid-cap landscape, being the only private equity player to combine the skills of a talented investment team and a world-renowned strategy consulting firm. This offer combines private equity with the support capacity, the strong industry and sectorial knowledge and the international network of Roland Berger, a leading European consultancy firm.

LinkedIn: https://www.linkedin.com/company/b-&-capital/

Press contact: Bernard Arock - 01 83 81 97 62 - bernard.arock@b-and-capital.com

Read the Press Release

Article written by
Gabrielle Guerrini