goetzpartners Corporate Finance advises EOS, a subsidiary of Otto Group, on the acquisition of Credirec

Corporate Finance M&A Consumer Goods/Retail

Hans-Werner Scherer, Chairman of the Board of Directors of the EOS Group comments: "France is the second largest economy in Europe. We had been looking for an appropriate local partner for quite some time. With Credirec, we have now found the perfect fit."

Credirec CEO Nathalie Laymeyre says: "We are happy to have found a partner that shares the same values and quality standards. I am convinced that we will benefit from the international know-how of our new colleagues and the financially strong background of the EOS Group."

Hugues Archambault, Director of goetzpartners Corporate Finance France explains: "An international leader for debt management, EOS initially asked us to identify acquisition opportunities in France, the main European market on which the group was not present. Credirec appeared as the best potential partner. We then assisted EOS throughout the whole transaction, from the initial contacts to the negotiation and structuring of the deal terms with Credirec’s shareholders whom we had known for a long time."