M&A Deal Summary

Franfinance and Societe Generale Acquire ITL Equipment Finance

On January 27, 2020, Franfinance and Societe Generale acquired financial services company ITL Equipment Finance from Banque Francaise Mutualiste

Acquisition Highlights
  • This is Franfinance’s 1st and Societe Generale’s 3rd transaction in the Financial Services sector.
  • This is Franfinance’s 1st and Societe Generale’s 2nd transaction in France.

M&A Deal Summary

Date 2020-01-27
Target ITL Equipment Finance
Sector Financial Services
Buyer(s) Franfinance
Societe Generale
Sellers(s) Banque Francaise Mutualiste
Deal Type Divestiture

Target

ITL Equipment Finance

Paris, France
ITL Equipment Finance is an equipment leasing specialist in health, environmental and industrial sectors offering flexible, scalable and tailor-made financing solutions. ITL Equipment Finance was founded in 1995 and is based in Paris, France.

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Buyer(S) 2

Buyer

Franfinance

Nanterre, France

Category Company
Founded 1989
Sector Financial Services
DESCRIPTION

Franfinance is an organization specializing in personal consumer credit , offers a range of loans at attractive rates to help customers finance all their projects: works, decoration, car or personal, as well as a range of complementary insurances. Franfinance was founded in 1989 and is based in Nanterre, France.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: France M&A 1 of 1
Year: 2020 M&A 1 of 1
Buyer

Societe Generale

Paris, France

Category Company
Founded 1864
Sector Financial Services
Employees111,754
Revenue 52.5B EUR (2024)
DESCRIPTION

Societe Generale is a provider of retail banking, insurance, private banking, investment management, and corporate and investment banking services. Societe Generale was founded in 1864 and is based in Paris, France.


DEAL STATS #
Overall 5 of 6
Sector: Financial Services M&A 3 of 4
Type: Divestiture M&A Deals 1 of 2
Country: France M&A 2 of 2
Year: 2020 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-28 Inora Life DAC

Dublin 1, Ireland

Inora Life DAC is a life insurer domiciled in Ireland which provides a high level of customer service to all policyholders.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-13 Commerzbank AG - Equity Markets and Commodities’ Business

Frankfurt am Main, Germany

Commerzbank AG - Equity Markets and Commodities’ (EMC) Business covers the activities of ETF market-making, which consists of ensuring the market liquidity for ETFs issuers and of executing orders for institutional clients, as well as the listed investment products offered to sophisticated retail investors, such as warrants and certificates.

Buy -

Seller(S) 1

SELLER

Banque Francaise Mutualiste

Paris, France

Category Company
Founded 1986
Sector Financial Services
DESCRIPTION

Banque Française Mutualiste is a reference bank for public sector employees. Banque Francaise Mutualiste offers financing facilities for customers real estate projects, purchase of vehicles, financing for studies, road trip (car trip), etc. Banque Francaise Mutualiste was founded in 1986 and is based in Paris, France.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: France M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 ITL Equipment Finance

Paris, France

ITL Equipment Finance is an equipment leasing specialist in health, environmental and industrial sectors offering flexible, scalable and tailor-made financing solutions. ITL Equipment Finance was founded in 1995 and is based in Paris, France.

Buy -