Context
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 Lyon, with onshore presence ensuring a 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.
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.
Bryan, Garnier & Co acts as Sole Financial Advisor to IK Investment Partners on its acquisition of Recocash
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.
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