Crédit Mutuel Equity backs Axialease

The transaction saw co-founder and president Sebastien Luyat increase his stake in the business, while long-standing majority owner Patrick Patras exited the capital, according to French website Distributique.

The GP is looking to help Axialease expand internationally, notably in Germany, Italy or Spain, in 2020. The business is currently aiming to surpass €100m in turnover in 2022, the Distributique report added.

CME, previously known as CM-CIC Investissement, provides equity tickets in the €5-150m range via both growth capital and buyout deals.  

Company
Founded in 2008 and based in Levallois-Perret, Axialease specialises in the leasing of IT, health or industrial equipment and other materials, mainly for SMEs. The company has 100 employees and generates revenues of €80m.

People
Crédit Mutuel Equity – Franck Thouroude (director).
Axialease – Sebastien Luyat (president).

Advisers
Equity – Duteil Avocats (legal); CMS Francis Lefebvre (legal); Fromont Briens (legal); Make It Work (strategic due diligence); CEIS (strategic due diligence); Grant Thornton (corporate finance).
Company – Edmond de Rothschild (corporate finance); Villechenon (legal).

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• Buyouts
• France
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• Credit Mutuel Equity (ex CM-CIC Investissement)