Bryan, Garnier & Co acts as Sole Financial Advisor to IK Investment Partners on its acquisition of Recocash

Bryan, Garnier & Co acts as Sole Financial Advisor to IK Investment Partners on its acquisition of Recocash


News published on July Tuesday 30, 2019
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Founded in 1971, Recocash is a leading independent French debt collection specialist, addressing B2B, B2C and bank loans claims for Tier-1 customers.

The company recently enhanced its platform through its proprietary credit management software (Eagle-Act), enabling the Group to offer an integrated, modular and competitive B2B solution.

The company currently employs c.150 people in two sites in Rambouillet and in Lyon, with onshore presence ensuring high-standard level of service. On an annual basis, the company handles over 500,000 debt claims, helping clients to optimise their payment cycles and improve cash-flow.

In the context of a fast increase of the debt collection outsourcing rate coupled with the growing disposal of bank loans portfolios, Recocash aims at becoming a leading consolidation platform alongside its new financial sponsor.

Transaction highlights

Bryan, Garnier & Co acted as the Sole Financial Advisor to IK Investment Partners.

Bryan, Garnier & Co assisted IK Investment Partners in approaching the target, organising the due diligence, providing sector and process intelligence and negotiating the transaction with the shareholder of Recocash.

This marks the growing footprint of Bryan, Garnier & Co’s Financial Services Practice, notably after advising the sale of the life-insurance policies management platform Quality Insurance Services (QIS) to CNP Assurances.

About Recocash

Since 1971, Recocash provides its clients with an unrivalled approach to debt servicing, addressing both B2B and B2C debt claims. Recocash offers tailor-made solutions adapted to each customer environment, resulting in a high level of efficiency and customer satisfaction. Thanks to its proprietary credit management software Eagle-Act, Recocash offers through its subsidiary Altisys a full range of debt collection services from software to servicing to a diversified client base.


About IK Investment Partners

IK Investment Partners (“IK”) is a Pan-European private equity firm focused on investments in the Nordics, DACH region, France, and Benelux. Since 1989, IK has raised more than €9.5 billion of capital and invested in over 125 European companies. IK funds support companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects.


About Verdoso

Created in 1997, Verdoso is an independent industrial group that realize investments in mid-size companies. For more than fifteen years, Verdoso has developed a method to support special situations such as the sale of non-strategic assets of large groups, turnarounds, debt restructuring, and judicial reorganizations.


About Bryan, Garnier & Co

Bryan, Garnier & Co is a European, full-service growth-focused independent investment banking partnership founded in 1996. The firm provides equity research, sales and trading, private and public capital raising as well as M&A services to growth companies and their investors. It focuses on key growth sectors of the economy including Technology, Healthcare, Consumer and Business Services. Bryan, Garnier & Co is a fully registered broker dealer authorised and regulated by the FCA in Europe and the FINRA in the U.S. Bryan, Garnier & Co is headquartered in London, with additional offices in Paris, Munich, Stockholm, Oslo and Reykjavik as well as New York and Palo Alto. The firm is a member of the London Stock Exchange.


Deal team

Stanislas de Gmeline | Managing Director | T: +33 1 56 68 75 82
Jonathan Bohbot | Director | T: +33 1 56 68 75 59
Alexandre Brestin | Associate | T: +33 1 56 68 75 09

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