Square optimises its capital structure and secures additional financing to accelerate plans for external growth
November 2019
Less than two years after Abenex became a minority shareholder, Square, an international consulting group, has completed a capital refinancing to support its future growth, primarily through acquisitions.
"Square has been supported by its historical partners (Crédit du Nord, LCL, Banque Populaire Val de France, Banque Populaire Rives de Paris and Idinvest) and two new financial institutions (Arkéa and Zencap)," commented Eric Bonnel, Chief Financial Officer.
"This refinancing enables us to accelerate our plans for external growth. We will be looking to identify French and European firms that have expertise in fast-growing sectors such as supply chain, energy, mobility or mass consumption, as well as in areas of expertise that complement our existing offering such as corporate social responsibility or HR strategy," explains Jérôme Boucheron, President and Founder of Square.
Over the past two years, Square has acquired Alternea, a firm specialising in the digital transformation of companies; Flow & Co, a supply chain expert; and Circle, which provides strategic advice to executive committees of CAC 40 companies.
The transaction will not change the group's governance. The founders, led by Jérôme Boucheron, will remain majority shareholders in the company.
