Paris, 12th October 2023. Montefiore Investment, the reference fund for SMEs and Mid-Cap services companies, announces its investment in Koesio, alongside Pierre-Eric Brenier, Chairman and Founder, and Gilles Perrot, CEO. The deal also brings together the Group’s senior executives, employees via a FCPE, BNP Paribas Développement, Société Générale Capital Partenaires, and the Crédit Agricole Group, through IDIA Capital Investissement, Crédit Agricole Alpes Développement and Crédit Agricole Régions Investissement.
Historically specialised in printing solutions, Koesio has successfully developed a full and complementary range of digital and telecom solutions to address French businesses’ growing digital needs, particularly for SMEs and local authorities.
Created in 1991, in Valence, under the leadership of its founder, Pierre-Eric Brenier, subsequently joined in 2018 by Gilles Perrot, Koesio has grown from 415 million euros in 2020 to over 1 billion euros in sales in 2023. This growth, enhanced by all of the Group’s activities, has been fuelled by a double-digit organic growth since its creation. At the same time, the Group has pursued an outstanding dynamic external growth strategy, enabling it to expand its range of services, reinforce its national network and initiate its international expansion.
Pierre-Eric Brenier (Koesio): “I’m delighted to welcome Montefiore Investment as the leading partner of our first capital transaction. We share common values combined with a human scaled French team, headquartered just behind our Paris offices. For this first step, we needed the proximity that we have always emphasised with our customers.”
Gilles Perrot (Koesio): “We are very proud of this consortium, which reflects both our determination to move forward and our loyalty to our history and culture, with Montefiore Investment alongside us, funds managed by our banks who have faithfully been with us for many years in the development of the group.”
Henri Topiol (Associé chez Montefiore Investment): “We met an outstanding management team, whose ability to sustain constant and dynamic growth and ambitious development projects amazed us, while being perfectly in line with our DNA, our values and our ESG commitment. We are very honoured that Montefiore Investment has been chosen by Koesio’s management to open their capital to a financial investor for the first time.”
The transaction is subject to the usual regulatory approvals and is expected to be closed by the end of 2023.