Paris, June 3, 2024 – Otium, a private investment holding and a partner of choice for entrepreneurs, announces the success of a €250 million bank syndication, with the participation of seven leading European banks.
These new lines of bank financing will enable Otium to accelerate its investment strategy across multiple attractive sectors, notably through Resonance and FEBE Ventures in the technology sector, as well as in reindustrialization, healthcare, real estate, and local leisure activities.
This operation will also allow Otium to continue supporting and developing its portfolio companies, particularly key holdings such as Otium Leisure, Alféor, Comet Software, and Enosium Life Science.
François Durvye, CEO of Otium, stated: “The financial support from leading European banks demonstrates the relevance of our investment strategy and our strong development potential. At Otium, we invest alongside entrepreneurs in projects capable of becoming tomorrow’s industrial leaders. These new lines of financing provide us with additional flexibility to continue supporting our assets and validate our long-term ambitions. Thus, we strengthen our position as a preferred partner for entrepreneurs.”
This structured €250 million financing is organized into three tranches:
Fundamental Partners supported Otium as the exclusive financial advisor to establish and negotiate the formation of its first banking pool, composed of historical group banks and new partners.
Banque Palatine, Banque Populaire Rives de Paris, and the CIC group acted as coordinators of the operation. Banque Palatine was appointed as the credit agent, and CIC served as the ESG coordinator. KBC, Crédit Agricole Ile-de-France, LCL, and the Banque Internationale à Luxembourg (BIL) completed the banking pool for this operation.
De Pardieu Brocas Maffei advised the banking institutions, and Ringeval Avocats acted as legal counsel for Otium.
Otium is a long-term investment holding company founded in 2009 by Pierre-Edouard Stérin. With over €1.4 billion in assets under management as of March 31, 2024, spread across more than 100 holdings – including the SmartBox group and French unicorns PayFit and Owkin – Otium invests amounts ranging from a few hundred thousand euros to several tens of millions of euros. Companies are funded at all stages of their development, from seed to growth capital, and Otium can take majority or minority stakes without any duration constraints. Otium pursues a diversification strategy by financing initiatives in the industrial, leisure, hospitality, real estate, and healthcare sectors. Otium deployed €190 million in 2023.
As a committed stakeholder, Otium supports Le Fonds du Bien Commun, a philanthropic organization that supports social and non-profit entrepreneurs working to build the society of tomorrow.