Context
Founded in 1971, Recocash is a leading independent French debt collection specialist, addressing B2B, B2C and bank loans claims for Tier-1 customers.
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 for its diversified client base.
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 1,000,000 debt claims, helping clients to optimise their payment cycles and improve cash-flow.
Since 2019 and under IK’s ownership, the Company has developed rapidly and expanded its customer base, particularly in the B2B segment by leveraging its customer centric-approach and efficient servicing processes.
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
Recocash is a major player in the field of customer financial relations in France. The company, founded in 1971, supports its clients through agile and varied solutions: technological platform for dunning, commercial dunning and collection. Recocash operates exclusively in France from its two sites in Rambouillet and Lyon.
About Qualium Investissement
Qualium Investissement is a Paris-headquartered private equity firm with €1.5 billion in funds under management. The investment firm was originally formed in 1998 as the private equity investment arm of the French Caisse des Dépôts et Consignations. Qualium prides itself in being the preferred partner to talented French SME managers and business owners seeking to achieve ambitious development plans and transform their growing businesses into international market leading SMEs. The Recocash investment was made from Qualium Fund III.
Bryan, Garnier & Co advises Qualium Investissement on its acquisition of Recocash from IK Partners
Bryan, Garnier & Co acted as Financial Advisor to Qualium Investissement.
Bryan, Garnier & Co assisted Qualium with sector and valuation expertise, and continuous process intelligence. It also levered on its longstanding relationship with the Company and its shareholders for having advised IK Partners when they acquired Recocash back in 2019.
This transaction continues to demonstrate Bryan, Garnier & Co’s growing expertise and track record in the Fintech & financial services sector. Notable other transactions include the sale of Horizon Software (trading software) to Sagard, Apax investment in Diapason (treasury management software), Hg’s investment in smartTrade (liquidity management software), the acquisition of Linxo (bank data aggregation) by Crédit Agricole Payment Services or the acquisition of Shine (B2B neobank) by Societe Generale.
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