Andera backs Auxiga SBO

The transaction will allow the management team to increase its ownership share in the company.

Andera invested via its €445m Winch Capital 4 fund, which closed in December last year. Auxiga is the seventh investment from the fund. The vehicle provides equity tickets between €12-50m and acquires both minority and majority stakes in companies valued in the €30-300m range. Andera intends to help the business pursue its international expansion.

Barings provided a unitranche debt facility to complete the financing of the acquisition.

Previous founding
IK bought the business via its Small Cap I Fund in 2015. The vehicle makes investments in companies with enterprise values of €20-100m across France and Benelux.

Under IK's ownership, the group initiated its international expansion, launching a subsidiary in the Netherlands.

Company
Founded in 1919 in Belgium and active in France since 1975, Auxiga provides inventory pledge services to financial institutions and corporate borrowers wishing to leverage part of their inventory to gain access to a wider array of financing options.

The business operates three subsidiaries: Auxiga, Sofigarant and Eurogage, the latter of which was acquired in January this year. Auxiga is based in Paris. 

People
IK Investment Partners – Pierre Gallix, Arnaud Bosc (partners).
Andera Partners – François-Xavier Mauron, Laurent Tourtois (partners).
Auxiga – Arben Bora (CEO).

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