Apax Partners announces the acquisition of a minority stake in Pandat Finance, alongside Bpifrance, to support the group in its strong development.
Created in 2009, Pandat Finance is the French pioneer and leader in cash investment brokerage. Pandat Finance allows companies, associations and institutional investors to have access to the best remuneration on short, medium and long term cash investment products.
With a turnover forecast in 2022 of almost 15 million euros and bringing together 40 employees spread over 3 agencies (Paris, Lyon and Bordeaux), the company has forged relationships of trust with more than 600 clients, including several groups of the ‘SBF 120, ETI. but also many institutions.
The breadth of its product offering, its deep knowledge of the ecosystem of financial partners, the expertise of its teams and its advisory quality make Pandat Finance a reference partner for its clients. This unique positioning allows it to experience strong annual growth – on average 35% since 2019 – and to respond effectively to all the investment challenges of its clients.
The entry into the capital of Apax Partners and Bpifrance, alongside the founders David Guyot and Thomas Forest, who maintain control of the company, will allow Pandat Finance to accelerate its growth, recruiting a large number of new advisors, diversifying its know-how products and expansion. its geographical presence, organically or through targeted acquisitions. Pandat Finance anticipates more than 60 hires over the next 4 years, including around 30 advisors, and plans to open 5 offices in France and its neighboring countries by 2026.
Pandat Finance is the 9th investment for the Apax Development fund. With this new operation, Apax strengthens its expertise in the field of financial services and cash management, following its investments in the Crystal group – leader in the wealth management market -, and Diapason – publisher of treasury software , payment and risk.
The operation allows the exit of ISAI, minority shareholder of the group since 2019.