IK Investment Partners to acquire Auxiga Group

IK Investment Partners (“IK”), has reached an agreement to acquire Auxiga Group (“Auxiga Group” or “the Group”), a French and Belgian leader of pledge inventory services. Financial terms of the transaction are not disclosed.Since its establishment in 1919 in Belgium and 1975 in France, Auxiga Group has been a bank guarantee expert, drawing up structured and flexible credit facilities using inventories as collateral. The Group operates through four business units: Auxiga and Sofigarant, which are the leading providers of pledge inventory services in France, Warrant, which provides the same