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.”