Zutec, a key provider of ConTech and PropTech SaaS solutions in the UK and Ireland, has finalised a strategic recapitalisation deal with Pictet Asset Management’s (“Pictet AM”) European Direct Lending unit.
The company’s strategy is anchored in sustainable organic growth, supplemented by targeted acquisitions and strategic partnerships. Through the recapitalisation, Pictet AM has provided facilities to refinance all of Zutec’s existing debt and to support its ongoing M&A ambitions as well as product and AI investments.
This financial milestone underlines Zutec’s commitment to scaling its operations and delivering improved results via forward-thinking digital solutions.
Gustave Geisendorf, CEO of Zutec, commented: “We are delighted to partner with Pictet Asset Management for this next phase of our growth. This partnership strengthens our ability to deliver on our strategic roadmap by cementing our position in the UK, Ireland and beyond. Over the past five years, we have grown our business from sales of GBP2m to GBP15m, and we intend to continue this positive trajectory. This recapitalisation provides us with ample firepower and flexibility to accelerate our growth path as we are taking the business to the next level.”
Andreas Klein, Head of Private Debt at Pictet Asset Management, added: “We are delighted to support and partner with Zutec in the next phase of its exciting growth story. Gustave and his team have built a tremendous business with a market leading product and a growth trajectory toward success – we look forward to partnering with them on this ongoing journey.”
Zutec was advised on the recapitalisation by Marlborough Partners, who acted as financial advisor.
