Kartesia, the European specialist provider of capital solutions for small and mid-sized companies, is pleased to announce it has provided a Unitranche financing facility to support Andera Expansion (“Andera”) and the Management Team in the development strategy of financial services business Groupe Patrimmofi (“the Group”).
Founded in 2016 by Georges Nemes, Groupe Patrimmofi is a spin-off from Primonial Partenaires which provides independent financial advisory (“IFA”) services and distributes financial and real estate assets to mass-market customers and has over €900m of Assets Under Management. The Group has a network of 8 branches spread across the most dynamic French regions (Lille, Paris, Lyon, Normandy, South West of France) and has grown significantly over the past few years to become a leading French player, largely thanks to a solid M&A strategy.
Andera Expansion, based in Paris, France, makes equity investments in European SMEs to transform them into major players in their respective markets. Andera became a reference shareholder of Groupe Patrimmofi in August 2021, alongside the Group’s Management Team, in order to accelerate its organic growth and support its buy-and-build strategy to consolidate the highly fragmented IFA services market in France.
Kartesia has provided a Unitranche facility to support the Group’s development, with the capital drawn from Kartesia Senior Opportunities I (KSO I). Kartesia is eager to support an acquisition-oriented growth strategy with additional investments. The deal team at Kartesia comprised of Damien Scaillierez, Charles-Henri Clappier, Alexis Midol and Astrid Vié.
Charles-Henri Clappier, Head of KSO France at Kartesia, commented: “We are delighted to complete our first transaction with Andera Expansion and support Groupe Patrimmofi; a dynamic French independent financial advisor managed by a remarkable team with a proven track record. Our capital will help the Group continue its impressive growth story and fulfil its buy-and-build ambitions.”