Factum Group, a leading independent leasing solutions broker in France, opens up its capital to Argos Wityu, to become a key player in Europe

Factum Group, a leading independent leasing solutions broker in France, opens up its capital to Argos Wityu, to become a key player in Europe

 

 

 

Factum Group, a leading independent leasing solutions broker in France, opens up its capital to Argos Wityu, to become a key player in Europe

Paris, Nancy, June 12th, 2018 – Argos Wityu, the independent European private equity group, announces the acquisition of a majority stake in Factum Group, one of the largest French independent providers of operating leasing services for equipment, alongside the management team.

As part of the transaction, Naxicap Partners, SWEN Capital Partners and Euro Capital sell all their stake in the group.

Consistent with its past, Factum Group will deploy its ambitious strategy of organic and external growth building on the quality of its services, its customer support and current teams, reinforced with new human and financial resources. The objective is to strengthen the group in its core business lines, to introduce new innovative and digital services and to extend its geographical footprint, transforming a historical French leader into a European player.

Since inception in 1995 by Philippe Durst and Benoît Zimmermann in Nancy, France, Factum Group, specialized in operating leasing solutions for IT, medical and industrial equipment as well as for vehicle fleets, has shown profitable growth. The group has a large customer base of 3,000 companies, from SMEs to large groups, through 12 commercial agencies and 3 subsidiaries located in Belgium, Luxembourg and Switzerland. Factum Group employs 58 people, generates revenues of nearly 150 million euros, steadily growing since inception, and has a large asset portfolio of about 400 million euros.

The founding managers will remain involved in the strategy-development process, and Arnaud Deymier, joining the group as new CEO, will oversee the operational management. Arnaud Deymier, who is a former banker and mergers and acquisitions advisor, has supported leading banks and leasing firms in their growth and financing plans for many years. He is supported by an unchanged executive board, comprising Nicolas Durst, Deputy Managing Director, and Xavier Lequien, Commercial Director. The whole management team remains with the group and will be closely involved in its development.

Philippe Durst and Benoît Zimmermann, founding managers of Factum Group said: “After nearly a quarter of century, Factum Group has entered a new phase in its history with the objective to grow from a small to a mid-sized company. With the arrival of a new responsible and committed shareholder and a new CEO, it means we can accelerate the company’s development, which has seen very good growth since its creation in Nancy.”

Arnaud Deymier, the new CEO of Factum Group added: “We aim to become the indispensable reference for the French and European leasing markets, by capitalizing on a talented and experienced team, a strong network of financing partners and a new ambitious shareholder. The presence at our side of the founders and the management team’s involvement will enable us to preserve the Group’s historical know-how, and, as a logical consequence, build a farsighted group.”

Karel Kroupa, partner at Argos Wityu outlined: “The leasing market is a high-growth sector providing its clients with flexibility for upgrading their equipment and ability to benefit from a homogeneous asset portfolio, always at the cutting-edge of technology. Our ambition, as new shareholder, is to capture these growth opportunities and position the group as a future reference in Europe.”

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Argos Wityu

Karel Kroupa, Thomas Ribéreau, Benjam Vetterli, Vincent Yacoub

Press contact: toBnext Communication Agency – Antoinette Darpy: + 33 6 72 95 07 92 – adarpy@tobnext.com

Sellers: Naxicap Partners (Laurent Sallé, Clémence Rousselet), SWEN Capital Partners (Isabelle Combarel), Euro Capital (Estelle Selig, Lionel Werner)

Sellers’ advisors

M&A: Lincoln International (Ludovic Rodié, Antoine Klein)

Legal: Edge Avocats (Stéphanie Dourdin, Mathieu Lochardet), Fieldfisher (Jean-Baptiste Van De Voorde), De Pardieu Brocas Maffei (Jean-François Pourdieu), Sequoia Avocats (Jean-Jacques François, Antonia Luciani)

Financial: Deloitte (Philippe Serzec, Bastien Labussière, Marie-Victoire Loison)

Argos Wityu advisors

Legal: August Debouzy (Julien Aucomte, Olivier Moriceau, Laure Khemiri, Maxime Legourd, Leslie Ginape)

Financial: Eight Advisory (Eric Demuyt, Guillaume Catoire)

Tax: Arsene (Franck Chaminade, Charles Dalarun, Ludovic Genet)

Strategy: Invigors (Paul Johnson-Ferguson, Pierre-Francois Degand)

Transaction insurances: Zurich Insurance (Charles de Mombynes); Siaci Saint Honoré (Eric Remus, Christine Rivoalan)

About Factum Group

Since inception in 1995 by Philippe Durst and Benoît Zimmermann in Nancy, Factum Group, specialized in operating leasing solutions for IT, medical and industrial equipment as well as for vehicle fleets, has shown profitable growth. The group has rapidly extended its IT leasing solutions towards other asset classes (medical, vehicle fleet, industrial technology) and added value services. Initially focused on medium-size tickets, Factum Group has diversified its customer base and now serves 3.000 clients, from SMEs to large groups. Headquartered in Nancy, Factum Group spread its geographical footprint in France through 12 commercial agencies and internationally, through 3 subsidiaries located in Belgium, Luxembourg and Switzerland. Factum Group employs 58 people, generates revenues of nearly 150 million euros, steadily growing since inception, and has a large asset portfolio of about 400 million euros.

 

About Argos Wityu

Argos Wityu is an independent private equity group with offices in Brussels, Frankfurt, Geneva, Luxembourg, Milan and Paris. Since inception in 1989, the group has invested in more than 75 SMEs (Enterprise Value ranging from 25 to 200 million euros). Its majority ownership investments range between 10 and 100 million euros. With nearly one billion euros under management dedicated to acquisitions, the group develops an investment strategy on complex transactions focused on transformation and growth as opposed to leverage. Its entrepreneurial approach is characterized by close proximity to management teams and by strong support to implement their strategic projects.

 

 

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