Flexam Asset Management SAS (“Flexam”) today announced today a strategic partnership with Kartesia Management SàRL (“Kartesia”), a European specialist provider of private capital solutions for small and mid-sized companies, and a related acquisition of a majority stake in the firm. Terms of the transaction, which are subject to certain customary closing conditions were not disclosed. Regulatory approvals are still to be obtained before closing. The transaction is anticipated to close before Summer 2023.
Flexam is a leading European fund manager involved in real-asset financing activities (sale-and-lease back and financial leases) focusing on deals in the lower mid-market segment. Flexam specializes in (i) mobility, (ii) logistics, (iII) light infrastructure and other tangible and moveable assets, with a strong emphasis on energy efficient assets. The firm is based in Paris, with offices in London and Luxembourg.
Kartesia is a leading European private markets investor with more than EUR 5.5 billion of assets under management and expertise across the full spectrum of the European secondary and primary leveraged loan market including senior debt, mezzanine, minority equity interest and CLO liabilities.
Under this partnership, Flexam will retain its existing management and investment autonomy, while benefiting from the operating and financial resources, distribution network and scale of Kartesia to enter a new phase of development.
Laurent Bouvier, Managing Partner at Kartesia, commented:
“We are excited to partner with Flexam to add European real-asset financing to our multi-specialist offerings. Flexam has built an impressive track record across Europe over the last decade and has core values that are highly aligned with those of Kartesia.”
Damien Scaillierez, Managing Partner at Kartesia, added:
“We are thrilled to welcome Flexam within the Kartesia family. As a pan-European platform, under this partnership, I am confident that the combination of our strengths will benefit our clients, in all market environments, over the years to come.”
Fabrice Fraikin (Co-founder) and Florian de Sigy (Managing Partner) at Flexam, concluded:
“We are enthusiastic to create a partnership that will strengthen Flexam and bring further growth opportunities to our team and our clients. Kartesia pan-European reach combined with their strong institutional distribution platform as a focused player in the European lower middle market make this an ideal partnership for us as we continue to strategically grow and evolve our business.”