Buyout (LBO, MBO, MBI) • Financial Services

XAnge and Credit Mutuel Equity Acquire ITL Equipment Finance

On September 7, 2010, venture capital firm XAnge and asset manager Credit Mutuel Equity acquired financial services company ITL Equipment Finance

Acquisition Context
  • This is XAnge’s 3rd and Credit Mutuel Equity’s 1st transaction in the Financial Services sector.
  • This is XAnge’s 23rd and Credit Mutuel Equity’s 32nd transaction in France.
Investment Fate
  • ITL Equipment Finance was sold to a strategic buyer in 2015.
  • ITL Equipment Finance was divested to a consortium of strategic buyers in 2020.

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M&A Deal Summary

Date September 7, 2010
Target ITL Equipment Finance
Sector Financial Services
Buyer(s) XAnge
Credit Mutuel Equity
Deal Type Buyout (LBO, MBO, MBI)

Target Company

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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Buyers Overview 2

Buyer

XAnge

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 2004
PE ASSETS 450M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

XAnge is an early stage investor in Western European startups focused on enterprise data, financial technology, digital media, and tech-enabled services. XAnge was estbablished in 2004 and is headquartered in Munich, Germany.


Deal Context for Buyer #
Overall 33 of 58
Sector: Financial Services 3 of 3
Type: Buyout (LBO, MBO, MBI) 3 of 3
Country: France 23 of 41
Year: 2010 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-12 RunMyProcess

Paris, France

RunMyProcess provides a process and workflow platform for companies in SaaS. RunMyProcess offers superior capabilities by tapping into the world of digital ecosystems to propel businesses into the future. Through its integrated automate co-create approach, RunMyProcess builds fully customized, mobile-ready applications that integrate existing enterprise systems and data silos and connects them to new digital ecosystems. RunMyProcess was founded in 2007 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-01 Harvest

Paris, France

Harvest is a software editor and digital solutions creator for wealth management and finance professionals. Harvest was founded in 1989 and is based in Paris, France.

Buy -
Buyer
DESCRIPTION

CM-CIC Investissement is a financing and advisory group focused on supporting a variety of small to mid-sized companies operating in Western Europe. The Firm looks to fund businesses at all investment stages including venture, growth, and buyout situations. In addition to providing financing, CM-CIC also offers M&A advisory services. CM-CIC Investissement is based in Paris.


Deal Context for Buyer #
Overall 35 of 188
Sector: Financial Services 1 of 2
Type: Buyout (LBO, MBO, MBI) 22 of 71
Country: France 32 of 161
Year: 2010 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-01 Wichard Group

Thiers, France

Wichard Group manufactures marine hardware products and specialist in hot-drop forging for the medical, automotive, parachute hardware and aeronautic cutlery. Wichard Group was founded in 1919 and is based in Thiers, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-01 Antidot

Lyon, France

Antidot is a provider of search technology and information access solutions for major portals and enterprises. The company develops a Content Delivery Platform focused on semantic search and content enrichment. Its flagship solution, Fluid Topics, transforms technical documentation into dynamic, personalized product information. Antidot was founded in 1999 and is based in Lyon, France.

Buy -