BNP Paribas Développement et al. back Amarris Groupe

BNP Paribas Développement provided €1.8m, Ouest Croissance €1.4m, and Arkéa Capital €1m, while private investors as well as management provided the remainder. 

The company will still be controlled by CEO Claude Robin.

The round of fresh capital has allowed Amarris to wholly acquire the online accountancy service ECL Direct from accountancy firm Strego, PE firm Go Capital, and individual investor Xavier de Labarriere. In 2016, Go Capital, via its Ouest Ventures III fund, led a €3.5m funding round in ECL.

Based in Saint-Herblain, ECL currently generates €7m in turnover with 120 employees.

Company
Founded in 1999 and based in Saint-Herblain, Amarris is an accountancy firm that provides a vast array of services, including legal, payroll and HR support services. Amarris generates a turnover of around €12m and employs 180 staff.

People
Amarris Groupe – Claude Robin (CEO).
ECL Direct – Claude Robin (co-founder).
BNP Paribas Développement – Frédéric Connault (investment director).
Ouest Croissance – Olivier Philippon (investment director).
Arkéa Capital – Thomas Trideau (director).  

Advisers
Company – Avodire (legal); Oderis (corporate finance); PwC Societe d'Avocats (legal); Finaxeed (corporate finance).

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