Argos acquires Factum from Naxicap et al.

Kenny Wastell
14 June 2018

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Argos Wityu has acquired a majority stake in Factum Group, a commercial and industrial equipment leasing company, from Naxicap Partners, Swen Capital Partners and Euro Capital.

Financial details of the transaction remain undisclosed, though Argos is currently investing from Euroknights VII, a 2016-vintage vehicle that targets lower-mid-market investments.

Under its new owners, the company will look to expand via bolt-on acquisitions, recruitment, and investment in new services. It will look to expand internationally on a pan-European basis.

Argos has also introduced Arnaud Deymier, formerly a partner at Deloitte and director at Credit Suisse, as CEO at Factum. The executive board and remainder of the senior management team at the company will remain unchanged.

The deal brings to an end an 11-year holding period for Naxicap.

Previous funding
Naxicap and Seventure (SPEF) co-led the buyout of Factum in a deal valued at around €40m in October 2007.

Company
Founded in 1995 and headquartered in Nancy, Factum is a leasing company focusing on the rental of IT, medical and industrial equipment, in addition to vehicle fleets. It operates via 12 commercial agencies and three subsidiaries in Belgium, Luxembourg and Switzerland. Factum has a headcount of 58 and generates turnover of €150m, according to a statement.

People
Argos Wityu – Karel Kroupa (partner); Thomas Ribéreau (investment manager); Benjam Vetterli (associate); Vincent Yacou (analyst).
Naxicap Partners – Laurent Sallé (investment director); Clémence Rousselet (associate).
Swen Capital Partners – Isabelle Combarel (managing director).
Euro Capital – Estelle Selig (investment director); Lionel Werner (director financial engineering).
Factum Group – Philippe Durst, Benoît Zimmerman (founding managers); Arnaud Deymier (CEO).

Advisers
Equity – August Debouzy, Julien Aucomte, Olivier Moriceau, Laure Khemiri, Maxime Legourd, Leslie Ginape (legal); Eight Advisory, Eric Demuyt, Guillaume Catoire (corporate finance); Arsene, Franck Chaminade, Charles Dalarun, Ludovic Genet (tax); Invigors, Paul Johnson-Ferguson, Pierre-Francois Degand (commercial due diligence); Zurich Insurance, Charles de Mombynes (insurance due diligence); Siaci Saint Honoré, Eric Remus, Christine Rivoalan (insurance due diligence).
Vendor – Lincoln International, Ludovic Rodié, Antoine Klein (M&A); Edge Avocats, Stéphanie Dourdin, Mathieu Lochardet (legal); Fieldfisher, Jean-Baptiste Van De Voorde (legal); De Pardieu Brocas Maffei, Jean-François Pourdieu (legal); Sequoia Avocats, Jean-Jacques François, Antonia Lucianib (legal); Deloitte, Philippe Serzec, Bastien Labussière, Marie-Victoire Loison (corporate finance).