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Bank
FINANCE | Investment Banking
credit-du-nord.fr

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Investments

8

Portfolio Exits

4

Partners & Customers

2

About Credit du Nord

Credit du Nord is a French retail banking network consisting of Banque Courtois, Banque Kolb, Banque Laydernier, Banque Nuger, Banque Rhone-Alpes, Banque Tarneaud, Societe Marseillaise de Credit, Credit du Nord, and stock broker Gilbert Dupont.On December 7th 2020, Credit du Nord merged with Societe Generale.

Credit du Nord Headquarter Location

28, place Rihour

Lille, 59800,

France

+33 01 40 22 40 22

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Latest Credit du Nord News

Société Générale to cut 3,700 jobs, combine IT systems in Credit du Nord merger

Oct 14, 2021

14th October 2021 Major French bank Société Générale is set to cut 3,700 jobs between 2023 and 2025 as part of a merger between its retail network and its subsidiary Credit du Nord. Société Générale says the losses will occur through natural attrition In a notice posted this week, the bank says it is aiming for a total headcount at the new retail bank of 25,000. It says the job losses will occur through normal employee attrition, which it pits at 1,500 per year. SocGen announced the merger in September 2020 and plans for the new bank to operate on a single branch network, use a single head office, and run with a single IT infrastructure. “The shift from two IT systems to one, combined with greater investment in data and artificial intelligence, will enable us to speed up the digital transformation of our model,” the bank writes. “We will make our back-office operations more efficient through greater specialisation of teams by transaction, and a decrease in the number of processing sites from 24 to 13.” The regrouped network will have around 1,450 branches in 2025, and SocGen says it will not shut down any branches where they are the only presence in a French town. Still, the bank says it is targeting the digital needs of its customers, and plans for 30% of product sales being fully digital in four years. The legal merger of the two entities is set for January 2023, when all employees of Credit du Nord will join the new venture. The merger of IT infrastructures is expected to begin in the first half of 2023.

Credit du Nord Investments

8 Investments

Credit du Nord has made 8 investments. Their latest investment was in Surys as part of their Debt on December 12, 2018.

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Credit du Nord Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/13/2018

Debt

Surys

$102.25M

Yes

2

7/20/2018

Private Equity - II

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$99M

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10

4/10/2017

Recap

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$99M

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10

12/6/2016

Private Equity - II

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$99M

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10

11/1/2015

Seed VC

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$99M

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10

Date

12/13/2018

7/20/2018

4/10/2017

12/6/2016

11/1/2015

Round

Debt

Private Equity - II

Recap

Private Equity - II

Seed VC

Company

Surys

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Amount

$102.25M

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

2

10

10

10

10

Credit du Nord Portfolio Exits

4 Portfolio Exits

Credit du Nord has 4 portfolio exits. Their latest portfolio exit was Exxelia on January 29, 2020.

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

1/29/2020

Acquired

$99M

1

12/10/2019

Acquired

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$99M

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10

10/17/2017

IPO

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$99M

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10

6/30/2006

Acquired

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$99M

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0

Date

1/29/2020

12/10/2019

10/17/2017

6/30/2006

Exit

Acquired

Acquired

IPO

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

10

10

0

Credit du Nord Partners & Customers

2 Partners and customers

Credit du Nord has 2 strategic partners and customers. Credit du Nord recently partnered with Fabrick on April 4, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

4/12/2021

Vendor

Italy

Fabrick to provide biometric authentication tech for Crédit du Nord

Crédit du Nord has selected Fabrick 's Identity Check Mobile solution to meet these vital requirements for its French customers .

6

1/1/2021

Partner

France

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0

Date

4/12/2021

1/1/2021

Type

Vendor

Partner

Business Partner

Country

Italy

France

News Snippet

Fabrick to provide biometric authentication tech for Crédit du Nord

Crédit du Nord has selected Fabrick 's Identity Check Mobile solution to meet these vital requirements for its French customers .

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Sources

6

0

Credit du Nord Team

4 Team Members

Credit du Nord has 4 team members, including current Chief Executive Officer, Philippe Aymerich.

Name

Work History

Title

Status

Philippe Aymerich

Chief Executive Officer

Current

Frederic Figer

Chief Financial Officer

Current

Françoise Mercadal-Delasalles

Societe Generale Group, Caisse des Depots et Consignations, and BNP Paribas

Chief Executive Officer

Former

Laurent Allard

Chief Architect

Former

Name

Philippe Aymerich

Frederic Figer

Françoise Mercadal-Delasalles

Laurent Allard

Work History

Societe Generale Group, Caisse des Depots et Consignations, and BNP Paribas

Title

Chief Executive Officer

Chief Financial Officer

Chief Executive Officer

Chief Architect

Status

Current

Current

Former

Former

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