Axialease

The specialist in evolving rent contract solutions for company equipment has chosen Crédit Mutuel Equity as a partner for its first LBO. The group was founded in 2008 and has been experiencing strong growth in recent years under the leadership of its current Chairman Sébastien Luyat and is supported with significant expertise in the areas of IT, health/medical and capital goods/industrial equipment which has allowed the company to reach a turnover of almost 80 Million €.

This operation, led by Edmond de Rothschild, has enabled Sébastien Luyat to take control of the group by organizing the departure of its former joint shareholder. Crédit Mutuel Equity is working alongside the group as a minority shareholder for its equity reorganization, investing 4.7 Million €. This first stage also allows 3 key managers to become equity partners: the Sales Director, the Financial Director and a Branch Manager. A debt has been raised with Société Générale completes the financing of this first equity operation.

Aiming high: a turnover of 100 Million € by 2022

Axialease intends to continue its growth strategy in an expanding market, where companies increasingly value flexibility and services offered by evolving rent contracts. Sébastien Luyat plans to reach a turnover of 100 Million € by 2022, combining organic growth with consolidation on a highly fragmented market.

"We have entered in new stage of our development. We have the green light. A large number of projects have already been launched, such as extending our offer to new business sectors, opening agencies (8 in France and 1 in Belgium to date), continued development in Europe, new partnerships with certain key suppliers, opportunities of external growth operations etc. We are so happy to be able to rely on a benchmark partner such as Crédit Mutuel Equity in this acceleration phase", Sébastien Luyat, the Chairman of Axialease, told us.

"Axialease is a flexible player that offers the complete range of evolving rental contracts. We have been convinced by its management team, which is fully growth-oriented, and shows great potential in both organic and external growth; in digital, the extranet called Marylease has been validated by distributors. We are reassured by the strong relationships Axialease has built up with equipment suppliers, setting up joint ventures with some of them. We are proud to be able to work alongside this group so that it can emerge as a major player in this sector", Franck Thouroude, Senior Principal at Crédit Mutuel Equity, has added.

Contact us