Weinberg eyes Realease Capital

Francesca Veronesi
21 August 2018

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Weinberg Capital Partners is considering the acquisition of an undisclosed stake in France-based Realease Capital, a professional equipment leasing company, according to an announcement from the French competition authority.

It is not disclosed which vehicle will be used for the transaction, however its latest vehicle raised is WCP#3, closed on €295m in July 2018, which targets French companies valued in the €50-200m range.

CM-CIC Investissement first backed the business in 2012, in a transaction which saw Realease Capital merge with peer Comiris, the former generating a €40m turnover and the latter revenues of €20m at the time.

Andera Partners backed the owner buyout of Realease Capital, investing via its Cabestan Capital fund, securing a minority stake, in 2015. The OBO saw CM-CIC exit the investment.

Caisse d'Epargne Ile de France arranged a debt package to finance the transaction, with participation from Bred Banque Populaire and Banque Populaire Rives de Paris. At the time Realease was aiming to increase its turnover to €100m within four years, up from the current €60m.

Founded in 1986 and based in Puteaux, Realease is a leasing company specialising in technological assets (IT, telecom, industrial equipment, audiovisual, medical, media, digital, etc.). The business generated a turnover of €77m in 2017.