EUR 2.3M financing by the Predirec-ABL2 fund, in favour of Groupe SEEB; first transaction in which ABL2 has entered into a direct leasing contract with the customer.

Introduced by Chetwode, Acofi’s historical partner, this transaction consists in the refinancing of a machining equipment parc for Groupe SEEB. Founded in 1927, this family owned group with 250 employees, specializes in the machining of complex and high added-value parts and generates a turnover of EUR 30M. Recognized worldwide for its know-how, Groupe SEEB relies on the latest technologies to offer the most efficient industrial solutions.

“This financing will allow Groupe SEEB to support market evolutions toward a growing demand for the machining of complex parts requiring significant industrial and human resource investments. We warmly welcome the quick implementation of this transaction made possible by a smooth signature process and the responsiveness of the Acofi and Chetwode teams” comments Bertrand Lajugie, Chairman of Groupe Seeb Management Board.

“Recent regulatory amendments gave us the opportunity to offer companies a simple financing solution fitting their needs. This evolution allows asset managers to standardize their process, with a more efficient risk control through direct ownership of the assets and cost and deadline optimisation through a simplified documentation” adds Alexia Picot, Acofi’s Fund Manager.

JB Magnen, President of Chetwode declares “we are very happy to offer our industrial customers a simplified legal framework and a speedy implementation allowing them to finance their growth through their future or existing production equipment. We support the development of companies that, like Groupe SEEB, constitute the very essence of and contribute to the wealth of French industrial territories”.