Zutec, a market leader in ConTech and PropTech SaaS for the UK and Ireland, has successfully completed a strategic recapitalisation funded by the European Direct Lending arm of Pictet Asset Management (“Pictet AM”).
Pursuing a growth model that blends profitable organic expansion with acquisitions and collaborative partnerships, Zutec will use the recapitalisation to fully repay existing debt and provide funding for future M&A projects alongside enhanced investment in product innovation and AI.
The deal marks a defining moment in Zutec’s expansion plans, equipping the company with the resources to scale further and deliver superior outcomes through next-generation digital technologies.
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.