AUXIGA acquired by IK PARTNERS
Context
IK Investment Partners has acquired a controlling interest in Auxiga Group. This deal represents an entry-point investment into the specialized financial services sector, aiming to consolidate the group's undisputed leadership in the French and Belgian reference markets. The strategic rationale for the acquisition centers on professionalizing the group’s commercial strategy and developing cross-entity synergies to offer a broader range of asset-control services to banking partners. IK intends to support the management team in making inventory pledging a more dynamic and widely adopted financing tool for companies seeking to leverage their balance sheet assets. The investment plan includes the acceleration of growth opportunities through a modernized commercial approach and the potential for expansion into adjacent European geographies.
AUXIGA, which reported an EBITDA margin of in 2014, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Financial Services sector (12.5x).
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Target
Auxiga is a century-old French specialist and the domestic market leader in the management and securing of inventory-based lending solutions. The company operates as a mission-critical intermediary between financial institutions and corporate borrowers, providing legal expertise in bankruptcy law and security interests to facilitate asset-based financing. Its core business involves ensuring the feasibility of inventory pledges and conducting rigorous, recurring on-site inspections to verify the existence and value of the collateralized stocks throughout the loan duration. Since the acquisition of Eurogage, the firm controls approximately 80% of the French market, positioning itself as an essential partner for banks seeking to mitigate credit risk. Beyond traditional inventory pledging, Auxiga has successfully diversified into "floor-checking" services for the captive finance arms of automotive and agricultural machinery manufacturers, verifying the physical presence of vehicle fleets at dealership sites.
Ent. Value
Equity Value
Multiples
EV / Revenue
EV / EBITDA
EV / EBIT
Historical Financials (EUR)
Other operations with AUXIGA
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 11/2019 | ANDERA PARTNERS | AUXIGA | FRANCE | Factoring |
REFERENCES
Revenue range: 5M - 25M EUR
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Press release: view release
Target: auxiga
Acquirer: ik partners