Raise to back Artemis Courtage
Raise Investissement has entered exclusive negotiations to acquire an undisclosed minority stake in France-based Artemis Courtage, a mortgage brokerage specialist, according to press reports.
The management is expected to retain a majority stake, according to French publication Franchise Magazine. The backing of Raise will allow Artemis to accelerate the opening of new agencies, digitalisation processes of the business and potential acquisitions, according to the report.
Raise Investissement provides equity tickets in the €10-50m range for businesses generating a turnover between €30-500m.
Founded in 2009, Artemis is a mortgage brokerage, loan insurance and credit consolidation specialist that operates 40 agencies. The company generates revenues of €40m and is based in Paris.
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