#LBO

WCP acquires a majority stake in release capital, alongside its founding managers

09/12/2018

WCP acquires Realease Capital, alongside the founding CEO and deputy CEO (Régis Dodin and Cyril Marlaud) as well as the key executives who reinvest significantly in the deal. The transaction is to be completed by the end of September. Andera Partners (Cabestan Capital) sells its minority stake consequently.

Realease Capital was created from the merger in 2012 between DDL (founded in 1986 by Régis Dodin) and Comiris Capital (led by Cyril Marlaud). The Group is one of the main players in the financial leasing engineering market, acrtive in IT, medical and industrial equipment. Realease Capital generates revenues of nearly €100 million and manages around €250 million of assets for more than 6,500 contracts. Realease Capital employs about fifty employees, covers the French territory with nine agencies and opened in 2017 an office in Belgium.

 Over the last ten years, Realease Capital has enjoyed sustained and steady growth. This success is based both on attractive market dynamics as well as on its proven control of success factors: innovation, diversified sector and outstanding reputation with its customers and its funders.

 Realease Capital is now opening a new chapter in its history, entailing the acceleration of its commercial development in new sectors, an extension in its services and the digitalization of its activities. The implementation of this strategy shall imply the acquisition of other players in its market or in related markets.

“We are pleased to welcome WCP as new shareholder. WCP will give us the financial strength and the human resources to accelerate our development in a moving industry and to deploy a very ambitious digital strategy. Our aim is to double in size within the next five years.”
Régis Dodin – founding CEO of Realease Capital
“Thanks to a critical size of €100 million in revenues, Realease Capital is legitimately becoming a consolidation platform in its market. WCP has a great and proven experience in supporting this type of strategy and will provide us with significant financial means.”
Cyril Marlaud – deputy CEO of Realease Capital
“The acquisition of Realease Capital is the second investment of our new fund, WCP # 3, whose final closing occured last July at its hard cap (€ 295 million). This acquisition is a perfect illustration of our strategy to invest in French companies that stand out from competitors in their market with recognized know-how and that are capable of establishing themselves as consolidation platforms. We are convinced of Realease Capital’s solid growth potential and the quality of its management and its teams.”
Lionel Mestre – partner at WCP

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