CREDIT AGRICOLE SA: Crédit Agricole Leasing & Factoring accelerates the development of its business in Germany, and announces the signing of an agreement to acquire Merca Leasing
31 Oktober 2024 - 8:00AM
UK Regulatory
CREDIT AGRICOLE SA: Crédit Agricole Leasing & Factoring
accelerates the development of its business in Germany, and
announces the signing of an agreement to acquire Merca Leasing
Montrouge - October 31, 2024
Crédit Agricole Leasing & Factoring
accelerates the development of its business in Germany, and
announces the signing of an agreement to acquire Merca
Leasing
Crédit Agricole Leasing & Factoring
(CAL&F) announces the signing of a Share Purchase Agreement
(SPA), subject to obtaining the necessary regulatory approvals, to
acquire Merca Leasing, one of the top ten independent Leasing
companies in
Germany1.
This operation is in line with
CAL&F's development strategy, which aims to round out its
offering in the European market, and particularly in the dynamic
German leasing market.
Founded in 1989, Merca Leasing is based in
Kronberg, near Frankfurt, with branches in Hamburg and Berlin.
Mainly focused on SMEs, Merca Leasing offering them tailor-made
Leasing solutions with a strong expertise in financing industrial
equipment, through Direct Sales channel. As a partner of the German
manufacturing industry for more than three decades, Merca Leasing
manages leasing assets with an acquisition cost of approximately
€750m (outstanding receivables).
CAL&F has been present on the German
Factoring market for over 30 years and started its Leasing
activities in 2020 via its branch “CAL&F Germany”
2. With the acquisition of Merca Leasing,
CAL&F is expanding its presence in Germany, a very dynamic
Leasing market, where 3 out of 4 companies include Leasing
solutions in their investment plans3 and where
Leasing is perceived as an enabler for innovation for SMEs.
By incorporating the expertise of Merca Leasing,
CAL&F is accelerating its European development and broadening
its offering, especially on Mobility, IT and Machine-Tools. It is
as well an opportunity for CAL&F to strengthen its position in
the Direct Sales channel, while gradually expanding into new
distribution channels, such as the Vendor Program4.
The agreement was signed on 30 October,
after consultation with the employee representatives’ bodies. The
transaction is expected to be completed in early 2025, subject to
obtaining the required authorisations from German BaFin
and the German Competition Authority.
**********
The impact of the transaction on Crédit Agricole
S.A.’s CET1 ratio is not significant.
"Today, with Frédéric MADALLE, Deputy Chief
Executive Officer of CAL&F (International Development and
Factoring Pole), we are carrying out an important operation for
Crédit Agricole Leasing & Factoring Groupe. It allows us to
integrate a stable and profitable activity on the direct channel in
Germany and to develop a Vendor offer. The acquisition of Merca
Leasing is fully in line with our strategy and the implementation
of our MTP 2025 « Transitions to the Future » for two
main raisons: it allows us to strengthen our expertise and service
offering in Mobility as well as to accelerate our growth in a very
fragmented German market and which constitutes one of Crédit
Agricole Leasing & Factoring Group’s development
priorities.”
Hervé VARILLON, Chief Executive Officer
of Crédit Agricole Leasing & Factoring
"From the very first exchanges with Crédit Agricole Leasing
& Factoring, I felt that we share common values and that the
views on Merca Leasing's strategic positioning and development are
aligned for the benefit of our customers. Merca’s ambition for
growth will be strengthened and sustained with the backing of the
Crédit Agricole Group. Andreas Werner, who is with Merca since 2013
will continue and become part of the Management to ensure
continuity for employees, clients, and partners. I will fully
support this transition.”
Ulrich HELMDACH,
Founder and CEO of Merca
Leasing
About Crédit Agricole Leasing &
Factoring
With a presence in 10 countries in Europe, Crédit Agricole Leasing
& Factoring (CAL&F) is a key player in Leasing, Factoring
and Energy and Infrastructure Financing, in France and Europe.
CAL&F offers specialised financing for corporates,
professionals, farmers, and local authorities.
Key figures (end of 2023): France and
international: 257,000 clients – 2,703 employees - €32bn in
outstanding financed (of which 28% abroad).
For further information:
www.ca-leasingfactoring.com
About Merca Leasing GmbH
Merca Leasing was founded in 1989 by Kredietbank N.V., Brussels,
Belgium, & U. Helmdach and integrated into the KBC Bank &
Insurance Group in 1998. In 2012, the KBC Lease (Deutschland) Group
was taken over by the management, renamed Merca Leasing again,
based in Kronberg / Taunus (near Frankfurt).
The group offers financing solutions for business-critical movable
equipment focusing on production machinery through leasing, hire
purchase, sale-and-lease-back, retrofitting funding services and
forfaiting solutions (through Merca Vendor).
Key figures (end of 2023): 37
employees - €240m production - €420m Portfolio (actual
outstanding)
For further information: www.merca-leasing.de
(CAL&F) Press contact
Sophie Leplus sophie.leplus@ca-lf.com +33
(0)1 43 23 30 87 / +33 (0)6 24 87 16
1 - Source: BDL / Bundesverband
Deutscher Leasing-Unternehmen (Federal Association of German
Leasing Companies)
2 - Crédit Agricole Leasing & Factoring SA – Niederlassung
Deutschland Branch (branch of CAL&F SA).
3 - Source: BDL / Bundesverband Deutscher Leasing-Unternehmen
(Federal Association of German Leasing Companies)
4 - Supplier sales financing
- 2024 10 31 PR CAL&F - Merca Leasing (EN)
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