Clearwater International advises Argos Wityu on the sale of Olinn Group to Crédit Agricole Leasing & Factoring

Clearwater International has advised the European private equity group Argos Wityu, on the sale of Olinn Group, a professional equipment management group, to finance specialist Crédit Agricole Leasing & Factoring.

Olinn is a specialist in financing and equipment management solutions for companies and local authorities. It employs 200 people and generated sales of €175 million in 2020. Following the acquisition by Argos Wityu and the arrival of Arnaud Deymier as CEO in 2018, Olinn has become a key player in leasing across France and Europe. The group accelerated its growth significantly, both organically, by repositioning its offer and strengthening its sales teams, as well as by growing externally with six acquisitions in the last three years.

Olinn has made ESG central to its business development and offers sustainable and responsible management, by systematically reclaiming, reconditioning and recycling equipment. The group has also invested in service centres that specialise in the reconditioning of old IT equipment and employs 60 people with disabilities.

Olinn Group’s acquisition by Crédit Agricole Leasing & Factoring will offer a turnkey financing package for the entire life cycle of equipment to meet customers new requirements focused on the equipment use.

The transaction remains subject to approval by the competition authorities.