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Investment Summary

Casino Guichard-Perrachon Exits Floa Bank

On July 29, 2021, invested in information technology company Floa Bank from Casino Guichard-Perrachon for 258M EUR

Investment Highlights
  • This is transaction in the Information Technology sector.
  • This is largest (disclosed) transaction.
  • This is transaction in France.

Investment Summary
Date 2021-07-29
Target Floa Bank
Sector Information Technology
Sellers(s) Casino Guichard-Perrachon
Deal Type Divestiture
Deal Value 258M EUR

Target

Floa Bank

Bordeaux, France
Floa Bank provides web and mobile payment solutions to make consumers’ lives easier through payment facilities, instant loans, and bank cards. the company is also partner to large e-tailers (Cdiscount, Oscaro, SFR, Vide dressing, etc.), key players in tourism (Selectour, Misterfly, Cdiscount Voyages, Pierre et Vacances, etc.), and fintechs (Lydia, Bankin’), for which it creates bespoke services. Its two retail banking brands are FLOA Bank for its B2C customers and FLOA Pay for its B2B partners. Floa Bank was formed in 2001 and is based in Bordeaux, France.

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Seller(S) 1

SELLER

Casino Guichard-Perrachon

Saint-Etienne, France
Category Company
Founded 1898
Sector Retail
Employees24,078
Revenue 8.6B EUR (2024)
DESCRIPTION

Casino Guichard-Perrachon operates Geant hypermarkets and Neighbourhood outlets that include Casino supermarkets, Monoprix, Petit Casino convenience stores, Eco Service. Casino, Guichard-Perrachon was founded in 1898 and is based in Saint-Etienne, France.

DEAL STATS #
Overall 2 of 2
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: France M&A 2 of 2
Year: 2021 M&A 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-22 Casino Guichard-Perrachon - 32 Store Properties

Saint-Étienne, France

Casino Guichard-Perrachon's 32 Store Properties comprises 12 Géant Casino hypermarkets and 20 Monoprix and Casino supermarkets properties. Located primarily outside Paris, these 32 properties represent €26.6 million in annual rent, including €14.2 million from hypermarket assets and €12.4 million from Monoprix and supermarket assets and offer an estimated yield of 5.3% including transfer costs. Casino Guichard-Perrachon's 32 Store Properties is based in Saint-Étienne, France.

Sell €470M
Mergr

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