Initiative & Finance invests in FAK

According to reports in the French press, the investment will allow Initiative & Finance to secure a minority stake in the holding.

The fresh funds will assist the group as it finances its expansion plans, both in France and abroad. A particular focus will be placed on the development of 123imprim, a business unit specialising in the B2B and B2C distribution of the marketing-related wares that FAK produces.

According to Initiatve & Finance, part of the capital was already earmarked for the bolt-on acquisition of Armony Signalétique from French industrial group DM2F.

Company
Founded in 2005, FAK is a holding company comprising a number of SMEs that specialise in the manufacture of products used for point-of-sale marketing and retail signage purposes.

Headquartered in Saint-Etienne, the company claims to have experienced significant growth in the past few years and is aiming to hit a €19m turnover in 2015 following Initiative & Finance's investment.

People
Sébastian Kramer is CEO of FAK.

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• Topics
• France
• Expansion
• Industrials
• France