AUXIGA
Acquired by
IK PARTNERS
AUXIGA acquired by IK PARTNERS
Target
AUXIGA
Acquirer
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 LOGIN in 2014, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Financial Services sector (14.0x).
Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
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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
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Equity Value
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Multiples Analysis
EV / Revenue
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EV / EBITDA
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EV / EBIT
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Historical Financials (EUR)
Other operations with AUXIGA
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 11/2019 | ANDERA PARTNERS | AUXIGA | FRANCE | Specialty Finance | The transaction involves a secondary LBO of Auxiga, where Andera Partners acquires a majority stake from IK Investment Partners, who had held the company for four and a half years. As part of the deal, the management team will significantly increase its shareholding to approximately 15%, ensuring strong alignment with the new sponsor’s growth objectives. The strategic rationale for the investment is based on the significant untapped potential of the French inventory-based lending market, where only a fraction of the total estimated 500 billion EUR in domestic inventory is currently utilized as collateral. Andera Partners aims to capitalize on the shift in market perception, as inventory pledges evolve from a "lender of last resort" solution into a standard liquidity tool comparable to factoring. The group intends to support Auxiga’s international expansion, specifically targeting the UK, Germany, and Spain, by leveraging its proven expertise in "floor-checking" services for multinational manufacturers. |
REFERENCES
Authors: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Press release: view release
Target: auxiga
Acquirer: ik partners