Perwyn accounting portfolio company makes two acquisitions in France
Perwyn, a leading European private equity investor focused on building and transforming mid-market businesses, is pleased to announce that the accounting firms Expertise Comptable Lelouch Assuied (aka ECLA), based in Courbevoie, and Cabinet Joël Pruvost, based in Douai, joined Kerogo Finance this summer.
Kerogo Finance is a leading accountancy group with diversified brands and offerings to cover different customer needs. It is focused on leveraging technology to ensure it continues to deliver service to meet today’s business requirements.
Each entity will retain its identity and will continue to deliver high-quality services tailored to their respective client segments. The entire Group will benefit from Kerogo Finance’s strong expertise in technology (including digital marketing and its proprietary tech platform). Frédéric Lelouch and Olivier Assuied will continue in their operational roles, while Nicolas Meurin – previously director at Groupe CERFrance in the Nord Pas-de-Calais region – joins Cabinet Joël Pruvost as co-director alongside Joël Pruvost.
Kerogo Finance is experiencing strong growth, with sales over €50m and more than 20,000 clients. The group offers the full range of services expected from a modern accounting firm.
With the support of Perwyn, Kerogo Finance continues to seek additional acquisitions within accounting, targeting entrepreneurs who recognise the need to adapt to the evolving environment (e.g. Facture X, new service offerings, technological disruption) and who wish to join an ambitious growth plan aiming to achieve over €200m in revenues within three to four years.
John Gallagher, investment director at Perwyn, said: “We are delighted to continue welcoming new firms into the Kerogo Finance group and to share our digital expertise with them. Since our investment in Keobiz in 2020, we have been convinced of the need to help the accounting profession adapt to a rapidly changing world – particularly in terms of technology – and we are pleased to be approaching critical scale in this consolidating market. The Group’s success would not have been possible without the efforts of all employees, who we would like to thank. We also wish to thank Olivier, Frédéric, and Joël for the trust they have placed in us by joining Kerogo Finance.”
Christophe Pingard, CEO of Kerogo Services, said: “We are especially pleased to welcome these new teams into the Group. They will strengthen us further, and we are excited to provide them with the resources to accelerate their growth in a rapidly changing market. These two acquisitions are new milestones in our trajectory and more will follow shortly. We remain aligned with our ambition of reaching over €200m in revenues within 3 to 4 years. Achieving critical scale in a consolidating market will enable us to expand our service offering and become the trusted partner of 21st-century entrepreneurs”
Hugues Husson de Sampigny, CEO of Kerogo Finance, said: “The integration of these two new firms will further strengthen the service offering for all Kerogo Finance clients. Employees across all entities will have opportunities to contribute to the Group’s growth, build on their expertise, and pursue new career paths. The services provided by the Group to these new entities will allow their teams to focus on advising their clients, securing their financial and wealth management challenges. Our ambition remains to build an accounting group that integrates the best technology to make the client-advisor privileged relationship as efficient as possible.”
Olivier Assuied, co-CEO of ECLA, added: “Together with my partner, Frédéric Lelouch, we chose to partner with Kerogo Finance to secure our future and accelerate our development by joining a fast-growing group that was quick to embrace new technologies to deliver maximum value to its clients. Through this partnership, we will be able to focus even more on the close and trusted relationships we have built with our clients, while now offering them an expanded range of services.”
Joël Pruvost, CEO of Cabinet Joël Pruvost, concluded: “Our integration into Kerogo Finance will allow us to provide an even broader range of services to our clients, supported by the Group’s advanced technologies. For thirty years we have cultivated a unique identity and signature style, which we are determined to preserve and enhance as part of our integration into the Group”