Crédit Agricole Leasing & Factoring (CAL&F) announced the acquisition of the Olinn group. This transaction strengthens Crédit Agricole's universal customer-focused retail banking model by completing the range of solutions and services that the Group offers to its corporate customers.
Olinn, a European group specialised in the management of professional equipment, offers a wide range of financing solutions, and has developed expertise in associated services, such as fleet management, reconditioning, and equipment resale. Since its creation, Olinn has financed more than €2 billion in equipment, both in the IT and telecommunications sector, as well as in rolling stock equipment. Olinn is a long-term partner of Crédit Agricole Leasing & Factoring, which refinances nearly 20% of the equipment proposed by Olinn to its customers.
Present in 9 countries in Europe and the Maghreb, Crédit Agricole Leasing & Factoring (CAL&F) is a major player in leasing, factoring, and financing of energies and territories in France and Europe. CAL&F offers specialised financing for businesses, professionals, farmers and local communities.
IMAP France (Degroof Petercam) acted as exclusive financial advisor to Crédit Agricole Leasing & Factoring during this transaction, drawing on its previous experience advising Olinn on the purchase of AGL Services and Rentys, which had respectively enabled the group to its entry into the LLD car fleet management market and to become a key player in operational leasing in Belgium.