Credit Mutuel Equity completed the acquisition of a minority stake in Axialease.

Credit Mutuel Equity, a private equity firm, completed the acquisition of a minority stake in Axialease, a company involved in renting and leasing equipment, from Patrick Patras, the Co-Founder of Axialease. Financial terms were not disclosed. "We have entered in new stage of our development. We have the green light. A large number of projects have already been launched, such as extending our offer to new business sectors, opening agencies, continued development in Europe, new partnerships with certain key suppliers, opportunities of external growth operations etc. We are so happy to be able to rely on a benchmark partner such as Crédit Mutuel Equity in this acceleration phase", Sebastien Luyat, Axialease Chairman.