Leader in inventory pledge services in France and Belgium
At the time of exiting, Auxiga (“the Group”) provided an unparalleled know-how and a complete range of services for each phase of pledge financing, from the setup of the security agreement to the day-to-day monitoring of the pledged assets.
Since its establishment in 1919 in Belgium and 1975 in France, Auxiga Group has been a bank guarantee expert, drawing up structured and flexible credit facilities using inventories as collateral.
The Group operated through four business units: Auxiga and Sofigarant, which are the leading providers of pledge inventory services in France, Warrant, which provides the same services in Belgium and Auxicontrol, a specialist in asset control and floor check services.
Auxiga Group was acquired by the IK Small Cap I Fund in July 2015, and subsequently sold to Andera in December 2019.
Our Value Creation Strategy
During our ownership, we worked alongside the management team to:
- Develop synergies between the different entities of the Group;
- Enhance capabilities and diversify service offering to capture future market potential;
- Accelerate growth opportunities through a dynamic commercial strategy; and
- Support geographical expansion.