Naxicap, Euro Capital, Swen and founders have sold Factum Finance to Argos Wityu

Lincoln International (“Lincoln”) is pleased to announce that, Philippe Durst and Benoît Zimmermann, co-founders and co-CEO of Factum, along with Naxicap Partners, Euro Capital and Swen Capital Partners, have sold all shares and voting rights in the company Factum (the “Company”) to Argos Wityu. Terms of the transaction were not disclosed.

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.

Factum addresses growing customers’ needs for flexible funding and related technology solutions, including: (i) tailor-made financing solutions, (ii) flexible management of its assets/leasing contracts – along with the flexibility to upgrade, add equipment or extend terms, (iii) optimized terms and conditions, (iv) ease of management resulted from a unique contract policy, as well as (vi) and take-back of the equipment.

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.”

Consistent with its past, Factum Group, with the support of Argos Wityu, 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.

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.”

Lincoln acted as the exclusive sell-side advisor to Philippe Durst and Benoît Zimmermann, working closely with the Company’s management team and shareholders throughout the sale process. Lincoln’s assignment included M&A advisory expertise and managing the marketing, due diligence and negotiation phases of the engagement.

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