IK Partners to invest in Endrix

IK Partners (“IK”) is pleased to announce that the IK Small Cap IV Fund ("IK SC IV") has signed an agreement to invest in Endrix (“the Group”), a leading French accountancy and advisory firm, alongside existing partners. This represents the third transaction signed from IK SC IV, which held a final close on €2.0 billion in July. Financial details of the transaction are not disclosed and completion is subject to customary regulatory approvals.

Founded in 1978 in Lyon, Endrix (formerly Groupe SFC) is a major accounting and advisory services provider to small and medium-sized enterprises (“SMEs”) and mid-market companies, with a presence across 35 offices in France. The Group provides a comprehensive service offering combining accounting, audit and both financial and non-financial advisory to support its 12,000 clients.

To strengthen its regional footprint, core business and expand its service offering, Endrix has recently accelerated its growth through several strategic acquisitions. Following the integration of Zalis in 2023 and Mageia Partners in 2024, the Group took another step forward with the acquisition of Exelmans in May 2025. This transaction confirms Endrix’s strong momentum and reinforces its position in the audit and restructuring markets, while bolstering its expertise in transaction services. In anticipation of major shifts such as AI adoption and e-invoicing, Endrix positioned itself early on, notably through the co-creation of Impulse Data in 2023 — the first strategic alliance within the financial ecosystem — to deploy a data lake covering over 800,000 companies, along with its own approved platform for e-invoicing.

In 2021, Endrix became the first player in its sector to welcome a financial partner, with the investment from Bpifrance. The strategic partnership with IK will enable Endrix to accelerate its digital transformation journey, strengthen its organisational structure and pursue an active external growth strategy both in France as well as internationally, allowing it to better meet the evolving needs of its clients. Additionally, the Group will seek to consolidate its position as a leading player in accounting and advisory services.

Leveraging IK’s sector expertise in European Financial and Professional Services — built through its past and current investments in accounting and audit firms such as Aspia (Sweden), Dains Accountants (UK) and Qconcepts (Netherlands) — the Group also aims to expand its international activities, particularly in cross-border markets such as Switzerland, Italy and Spain through a targeted M&A strategy.

David Humbert, CEO of Endrix, said: “We are particularly proud to welcome our new financial partner IK as a shareholder of Endrix. Their support represents a tremendous opportunity to accelerate our digital transformation journey and achieve the ambitious goals we have set for the Group in terms of development and quality of client support. This transaction once again demonstrates our pioneering spirit and our firm commitment to helping our clients and our team go beyond their own ambitions.”

Arnaud Bosc, Partner at IK and Advisor to the IK SC IV Fund, commented: "We have been impressed by Endrix's remarkable growth trajectory over the past few years. We are convinced that the Group has a key role to play in the consolidation of the Accountancy sector, both in France and internationally, having already made several key acquisitions. Endrix perfectly illustrates the type of story we like to support, an entrepreneurial project led by an experienced team and with an ambitious external growth strategy."

If you have any further questions, please contact:

Endrix
Pauline Balleydier
Phone : +33 (0)7 64 40 30 23
p.balleydier@endrix.com

IK Partners
Vidya Verlkumar
Phone: +44 (0)7787 558 193
vidya.verlkumar@ikpartners.com