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Private Equity
creditmutuel-equity.eu

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Investments

150

Portfolio Exits

15

Funds

2

About Crédit Mutuel Equity

Crédit Mutuel Equity is the private equity arm of Crédit Mutuel Alliance Fédérale, which encompasses its venture capital, growth capital, and buyout activities. Crédit Mutuel Equity supports business leaders at all stages of their companies’ development, from seed phase to buyout, by providing them with the means and the time required to implement their transformational projects. Crédit Mutuel Equity brings together a network of over 350 business leaders and entrepreneurs that share similar convictions and that can benefit from each other’s experiences, no matter the nature of their projects. Investing its own funds (€3.0 billion), Crédit Mutuel Equity’s investments are tailored to the time horizons and growth strategies of the companies in which it invests, whether in France, Canada, the United States, Germany or Switzerland.

Crédit Mutuel Equity Headquarters Location

28, Avenue de l'Opéra

Paris, 75002,

France

+33 (0)1 53 48 53 10

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Latest Crédit Mutuel Equity News

Paystone secures $30M additional growth funding from Crédit Mutuel Equity

Jul 23, 2021

On: CPE News (1/21/2021) – Paystone has raised $30 million in additional growth funding from Crédit Mutuel Equity, the private equity arm of Crédit Mutuel Alliance Fédérale. In December 2020, Paystone raised $69 million consisting of growth equity from Canadian Business Growth Fund (CBGF) and debt financing from National Bank of Canada. News funds funds will support Paystone’s ambitious growth strategy and further propel its best-in-class electronic payments and customer engagement technology platform. Founded by Al-Ansari and Abdullah Saab, Paystone is a payment and software company. The company’s seamlessly integrated suite of automated payment processing, customer loyalty, and gift card solutions is used by brands such as Irving Oil, The Source, Booster Juice, Global Pet Foods, Kernels Popcorn, and many of the MTY Food Group’s restaurant brands. The company employs 100 employees and works with over 50 sales partners across Canada. photo credit: Paystone New investment brings total funds raised in 2021 to $99 million LONDON, Ontario & MONTREAL–(BUSINESS WIRE)–Paystone, a leading payments and integrated software company, secures a $30 million investment from Crédit Mutuel Equity, the private equity arm of Crédit Mutuel Alliance Fédérale, one of France’s leading financial institutions. The funds will support Paystone’s ambitious growth strategy and further propel its best-in-class electronic payments and customer engagement technology platform. Paystone gives businesses the ability to win more customers and drive growth through a fully integrated technology platform, which continues to generate a significant amount of interest in the market with an emphasis on service-oriented verticals. “Winning more customers is a universal need among businesses of all sizes, and our integrated platform that seamlessly combines electronic payments acceptance with customer growth tools is the first of its kind in the market” says Tarique Al-Ansari, CEO of Paystone. “Paystone’s track record is very impressive, like its young and talented management team. The company has a comprehensive product roadmap and a very compelling growth strategy, and we intend to further support Paystone in becoming a differentiated leader in this extremely dynamic market,” said David Dickel, Managing Director of Crédit Mutuel Equity in Canada. This transaction brings Crédit Mutuel Equity, an evergreen fund, as a minority shareholder in Paystone. The company’s consistent revenue growth also earned Paystone a #84 ranking on The Globe and Mail’s 2020 list of ‘Canada’s Top Growing Companies’ and the #61 spot on The 2020 GROWTH500 list by Canadian Business. In addition to its impressive organic growth, Paystone completed five successful acquisitions in the past 18 months including the Forrester recognized DataCandy. “An investor with the caliber of Crédit Mutuel Equity sets the stage for our company’s global expansion and opens doors beyond North America,” says Al-Ansari. “The support from such a highly respected European investor paired with our existing backers positions Paystone to continue to capitalize on both our organic and acquisitive growth strategies.” The recent financial investments combined with Paystone’s pandemic-driven growth continue to accelerate the strategic evolution of the fintech company. Paystone entered the U.S. market for the first time in 2021 and is one of the fastest growing businesses in Canada with more than 30,000 merchant locations throughout North America. Dynamic Digital Payments Market Paystone’s electronic payments and digital tools are well situated for businesses recovering from the global pandemic. According to the latest report by Payments Canada, the shift to a cashless society accelerated in 2020 with credit card payments exceeding 70 percent of total transactions in Canada. Nearly 3.2 billion of those transactions were contactless, up 55 percent over the previous two years. Transaction Details: Subscriber: CIC Capital Canada Inc., represented by David Dickel and Léa Perge Counsel for Subscriber: WeirFoulds LLP, Ryan Filson, Partner Counsel for Company: Miller Thomson LLP, Kevin Refah, Partner Financial Advisor: Alchemy Capital Partners, Sajjad Mahmood, Managing Partner About Paystone Paystone is a leading payment and software company redefining the way merchants engage their customers and grow their businesses. The company’s seamlessly integrated suite of automated payment processing, customer loyalty, and gift card solutions is used by brands such as Irving Oil, The Source, Booster Juice, Global Pet Foods, Kernels Popcorn, and many of the MTY Food Group’s restaurant brands. Paystone’s solutions are used at 30,000 locations across Canada and the United States which collectively process over 10 billion dollars a year in bank-card volume. With offices in London, Ontario, Montreal, Quebec and Vancouver, British Columbia, the fintech company employs more than 150 employees and works with over 50 sales partners across Canada. Visit www.paystone.com for details. About Crédit Mutuel Equity Crédit Mutuel Equity (formerly CIC Capital) is the private equity subsidiary of Crédit Mutuel Alliance Fédérale and carries out venture capital, growth capital and buyout activities. Crédit Mutuel Equity supports business leaders at all stages of their companies’ development, from seed phase to buyout, by providing them with the means and the time required to implement their transformational projects. Crédit Mutuel Equity brings together a network of over 350 business leaders and entrepreneurs who share similar convictions and can benefit from one another’s experience, no matter the nature of their projects. Using its own funds (€3.5 billion), Crédit Mutuel Equity makes investments tailored to the time horizons and growth strategies of the companies in which it invests, whether in France, Canada, the United States, Germany or Switzerland. For more information, see www.creditmutuel-equity.eu About Crédit Mutuel Alliance Fédérale One of France’s leading bank insurers, operating through nearly 4,300 branches serving 26.7 million customers, Crédit Mutuel Alliance Fédérale offers a diversified range of services to a wide range of customers, from private individuals and local professionals to businesses of all sizes. One of Europe’s strongest banking groups, its shareholders’ equity amounted to €49.6 billion and its CET1 ratio was 17.8% at 30 December 2020. Crédit Mutuel Alliance Fédérale is made up of the following Crédit Mutuel federations: Centre Est Europe (Strasbourg), Sud-Est (Lyon), Ile-de-France (Paris), Savoie-Mont Blanc (Annecy), Midi-Atlantique (Toulouse), Loire-Atlantique et Centre-Ouest (Nantes), Centre (Orléans), Normandie (Caen), Dauphiné-Vivarais (Valence), Méditerranéen (Marseille), Anjou (Angers), Massif Central (Clermont-Ferrand) and Antilles-Guyane (Fort-de-France). Crédit Mutuel Alliance Fédérale also encompasses Caisse Fédérale de Crédit Mutuel, Banque Fédérative du Crédit Mutuel (BFCM) and all its subsidiaries, including CIC, Euro-Information, Assurances du Crédit Mutuel (ACM), Targobank, Cofidis Group, Banque Européenne du Crédit Mutuel (BECM), Banque de Luxembourg, Banque Transatlantique and Homiris. For more information, see www.creditmutuelalliancefederale.fr Contacts

Crédit Mutuel Equity Investments

150 Investments

Crédit Mutuel Equity has made 150 investments. Their latest investment was in Axess as part of their Private Equity - II on September 9, 2022.

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Crédit Mutuel Equity Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/15/2022

Private Equity - II

Axess

Yes

1

9/13/2022

Series D

Devialet

$50M

Yes

8

8/29/2022

Private Equity

Fareneit

$11.99M

Yes

1

7/13/2022

Private Equity

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$99M

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10

7/7/2022

Series B

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$99M

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10

Date

9/15/2022

9/13/2022

8/29/2022

7/13/2022

7/7/2022

Round

Private Equity - II

Series D

Private Equity

Private Equity

Series B

Company

Axess

Devialet

Fareneit

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Amount

$50M

$11.99M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

8

1

10

10

Crédit Mutuel Equity Portfolio Exits

15 Portfolio Exits

Crédit Mutuel Equity has 15 portfolio exits. Their latest portfolio exit was Scalefast on May 09, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/9/2022

Acquired

$99M

19

11/5/2021

IPO

$99M

Public

6

11/3/2021

IPO

$99M

Public

2

12/9/2020

Corporate Majority

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$99M

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10

10/15/2020

Acq - Fin

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$99M

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10

Date

5/9/2022

11/5/2021

11/3/2021

12/9/2020

10/15/2020

Exit

Acquired

IPO

IPO

Corporate Majority

Acq - Fin

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

Public

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Sources

19

6

2

10

10

Crédit Mutuel Equity Acquisitions

7 Acquisitions

Crédit Mutuel Equity acquired 7 companies. Their latest acquisition was Charles & Alice on April 08, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

4/8/2021

Private Equity

$99M

Leveraged Buyout - III

2

12/11/2019

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$99M

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10

10/4/2019

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$99M

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10

1/8/2019

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$99M

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10

1/23/2018

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$99M

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10

Date

4/8/2021

12/11/2019

10/4/2019

1/8/2019

1/23/2018

Investment Stage

Private Equity

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

Note

Leveraged Buyout - III

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Sources

2

10

10

10

10

Crédit Mutuel Equity Fund History

2 Fund Histories

Crédit Mutuel Equity has 2 funds, including CIC Capital Canada North American Growth Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

6/1/2017

CIC Capital Canada North American Growth Fund

$500M

3

6/26/2013

Emerillon Capital I

$99M

10

Closing Date

6/1/2017

6/26/2013

Fund

CIC Capital Canada North American Growth Fund

Emerillon Capital I

Fund Type

Status

Amount

$500M

$99M

Sources

3

10

Crédit Mutuel Equity Team

2 Team Members

Crédit Mutuel Equity has 2 team members, including current Managing Director, Ludovic Andre.

Name

Work History

Title

Status

Ludovic Andre

Managing Director

Current

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Name

Ludovic Andre

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Work History

Title

Managing Director

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Status

Current

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