M&A Deal Summary

Crédit Agricole Acquires Olinn

On November 10, 2021, Crédit Agricole acquired information technology company Olinn from Argos Wityu

Acquisition Highlights
  • This is Crédit Agricole’s 1st transaction in the Information Technology sector.
  • This is Crédit Agricole’s 3rd transaction in France.

M&A Deal Summary

Date 2021-11-10
Target Olinn
Sector Information Technology
Buyer(s) Crédit Agricole
Sellers(s) Argos Wityu
Deal Type Add-on Acquisition

Target

Olinn

Puteaux, France
Olinn offers complete financing and equipment management solution that operates in 7 European countries with a network of 18 sites covering France, Switzerland, Belgium, Luxembourg, Germany, Italy, and Spain. Olinn is based in Puteaux, France.

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Buyer(S) 1

Buyer

Crédit Agricole

Montrouge, France

Category Company
Founded 1894
Sector Financial Services
Employees80,518
Revenue 25.3B EUR (2024)
DESCRIPTION

Crédit Agricole is a multinational bank that provides retail, corporate, and investment banking products and services. Crédit Agricole was founded in 1894 and is based in Montrouge, France.


DEAL STATS #
Overall 4 of 4
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: France M&A 3 of 3
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-28 Comexposium

Paris, France

Comexposium is a pure-play exhibitions operator worldwide, owning, organising and managing a portfolio of approximately 135 exhibitions, across 30 countries and 11 industries, with over 46,000 exhibitors annually. Comexposium was founded in 2008 and is based in Paris, France.

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Seller(S) 1

SELLER

Argos Wityu

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 1.8B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Argos Soditic is a private equity firm that seeks majority or minority investments in small to medium sized companies headquartered throughout Europe. Argos Soditic will consider investments in public or private companies generating revenue of €20 to €600 million. The Firm's target investment size is €10 to €100 million. Funds are typically used to support management buyouts/buy-ins, divestitures, and growth capital needs. Argos Soditic is a generalist investor with interest in aerospace, manufacturing, distribution, business services, chemicals, marketing, industrial products, packaging, staffing, medical products, and healthcare services. Argos Soditic was formed in 1989 and is headquartered in Paris.


DEAL STATS #
Overall 38 of 41
Sector: Information Technology M&A 3 of 3
Type: Add-on Acquisition M&A Deals 14 of 14
Country: France M&A 24 of 26
Year: 2021 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-09 Olinn Group

Nancy, France

Olinn Group is specialized in operating leasing solutions for IT, medical and industrial equipment as well as for vehicle fleets, which has shown profitable growth. Olinn Group was founded in 1995 and is based in Nancy, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-29 Julhiet Sterwen

Neuilly sur Seine, France

Julhiet Sterwen is specialized in transformation and innovation consulting. Julhiet Sterwen advises and supports organisations and helps them to adapt to the economic, digital and societal changes underway. Julhiet Sterwen was founded in 1949 and is based in Neuilly sur Seine, France.

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