The Prexem platform is bought by Happy Capital, which opens the SME loan segment – New operation in financial services led by Largillière Finance after the acquisition of Syspay by EMP Corp last month
Paris, February 2019
Valéry Giard and Christophe Puyo, founders of the Prexem crowdlending platform, have entrusted Largillière Finance with a mandate to sell their company. Their objective was to perpetuate and accelerate the development of the platform, put online in 2015, which has already granted more than € 3.7 million in loans to small businesses / SMEs to date.
After meeting several potential buyers identified by Largillière Finance, the leaders of Prexem selected Happy Capital’s offer. This merger will enable the platform to benefit from the status of CIP (Advisor for Participatory Investments) of Happy Capital and thus to address the legal entities in addition to the 4,000 lenders that account its community.
With this acquisition, Happy Capital completes its crowdfunding offer to businesses. The company, founded by Philippe Gaborieau in Bordeaux, had until now two activities: the crowdfunding of entrepreneurial projects, but also real estate bonds issued by the promoters via its subsidiary MyCapital.immo. The merger with Prexem now allows it to offer a full range of crowd financed products.
« The sale of Prexem to Happy Capital will allow the platform to accelerate its development. It is also an operation with significant synergies since all customers (private investors and SMEs) will be able to benefit from an extended offer of financing services for the high and low of balance sheet (equities and loans) and diversify their portfolios on real estate products. The sales process was led by Largillière Finance with methodology, rigor and an excellent climate of trust for all stakeholders. » affirm Valéry Giard & Christophe Puyo, co-founders of Prexem.
Thomas Bureau, Director at Largillière Finance: « We are very happy to have accompanied Valéry and Christophe on their entire capital operation. The affiliation to Happy Capital will allow Prexem to acquire new means to realize an ambitious growth plan. This operation also confirms the trend of the financial services sectors in general and crowdfunding in particular, which are consolidating. »
About Prexem (www.prexem.com/)
Prexem, founded in 2014, is a crowdfunding platform that allows each person to lend to small businesses / SMEs with ease and offers French companies the means to their ambitions by quickly and easily accessing a new source of financing. Based in Paris, the platform has financed over 80 business projects across France for a total amount of more than € 3.7 million. Prexem claims a community of more than 4,000 lenders.
About Happy Capital (www.happy-capital.com/)
Happy Capital is a crowdfunding platform in the form of shares. This Fintech created in 2013 is very active in the SME finance sector. It has established numerous partnerships with, among others, Caisse d’Epargne at the national level as well as several CCIs. The 3 advantages of this generalist platform are to select projects that have a positive impact on our daily lives, to be the first platform to systematically invest alongside investors and to impose a follow-up of project leaders to improve the sustainability of companies
About Largillière Finance (www.largilliere-finance.com)
Based in Paris, Brussels and Geneva, Largillière Finance is an independent consulting company specialized in assisting executives and shareholders of ETI and SMEs in their corporate finance transactions: corporate disposals and acquisitions, financing (capital and / or debt), financial engineering (valuation …) and financial strategy.
Since 2005, the firm has conducted numerous mergers and acquisitions and also offers strategic coaching services to groups and executives
Buyer: Happy Capital – Philippe Gaborieau
Sell Side: Prexem – Valéry Giard, Christophe Puyo
Sell Side Advisor: Largillière Finance – Thomas Bureau, Florian Leginy
Sell Side Corporate Lawyer: FTPA – Coralie Oger