GENEO Capital Entrepreneur supports XEFI's growth and CSR strategy via Relance Bonds
Lyon, 23/11/2022
GENEO Capital Entrepreneur has announced the issue of Relance Bonds to XEFI as part of a program underwritten by insurers and partially guaranteed by the French State, in which the Turenne GENEO group is participating.
XEFI offers a full range of local digital services to VSEs/SMEs, from the sale of IT equipment to the implementation of dedicated software, including hosting and backup through 5 data centers. The Relance Bonds, amounting to 6.4 million for GENEO's share, will finance the group's development, notably through external growth operations, and support them in their CSR policy.
Founded in 1997 by Sacha Rosenthal (current CEO of the company), XEFI proposes a differentiating offer thanks to its "integrated suppliers": proprietary applications for VSEs, hosting, financing of computer equipment through leasing, etc. The company relies in particular on a local service, guaranteeing an intervention in less than 30 minutes, which is the source of a personalization of the customer relationship and a guarantee of long-term loyalty.
The Relance Bonds subscribed to with the Turenne GENEO group will be enhanced depending on the achievement of CSR criteria relating to employee training. These criteria mainly consist of increasing the number of hours of training per employee and achieving a ratio of trained employees to the workforce. In this context, the company has an e-learning platform to offer business training programs to its employees. In addition, the company has a work-study training center, the XEFI ACADEMY (Qualiopi certified), created in 2020 and developed in collaboration with partner schools in Lyon, Montpellier and Paris (EPSI, ICL and ISITECH). Nine classes have been opened for IT developers, sales representatives, technicians and sales assistants, with the aim of hiring them at the end of the course.
More broadly, XEFI has made CSR a central axis of its development, marked in particular by the implementation of a "positive impact" offer through the Green Optimizer application, an entity composed of 4 people, specialized in responsible digital. The team's objective is to measure the carbon footprint and define the best low-carbon strategy to adopt, by acting through 2 solutions:
- Internally: measures the carbon footprint of XEFI products and services; the end customer makes purchasing decisions based on the carbon impact presented;
- Externally: measurement and support services to reduce the carbon footprint of SMEs.
Similarly, the company is developing an XEFI Health and Sport program, with three full-time equivalents and 26 coaches, with the aim of improving the health and lifestyle of employees through sport and quality health monitoring.
XEFI has also launched the ADE center, a structure that provides support and growth acceleration for its employees' entrepreneurial projects.
" The collaboration with GENEO has been extremely effective. Right from the start, our respective teams were united around common human values. This perfect understanding has been a real vector of performance in the conduct of this partnership. Our administrative and financial teams, led by Sylviane Teil, took great pleasure in bringing this project to a successful conclusion, says Sacha Rosenthal, XEFI CEO
"We are very pleased to be able to support XEFI in the development of its growth and its CSR policy, says Mathilde Paoli, Associate Director of GENEO. "The Relance Bonds are particularly well suited to support the societal and environmental commitments of entrepreneurs and as such fit perfectly with the strategy of GENEO Capital Entrepreneur, an investment company dedicated to the long-term development of companies ".
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The 1.7 billion euro Relance France bond fund, subscribed by 19 insurers members of France Assureurs (formerly Fédération Française de l'Assurance) and Caisse des Dépôts, finances SMEs affected by the health crisis, investing in their development and transformation.
Part of the French Ministry of the Economy, Finance and Recovery's Recovery Plan, the French Recovery Bond Fund was created by insurers and Caisse des Dépôts, in cooperation with the Treasury Department. It is partially guaranteed by the French government.
The Relance Bonds have a term of eight years; they are redeemable at maturity; they offer SME-ETIs subordinated financing without guarantee that can be obtained from the management companies delegated to manage the fund.
About GENEO Capital Entrepreneur
GENEO Capital Entrepreneur's raison d'être is to make positive finance available to the real economy.
Designed to reveal the potential for value creation, job creation and impact of SMEs and SMIs, GENEO Capital Entrepreneur has nearly 600 million. It manages the evergreen investment company GENEO Capital, which has a 99-year lifespan and is majority-owned by families and entrepreneurs. GENEO thus provides tailor-made capital, which adapts to the pace of each company and provides responsiveness and flexibility. Its resources increase regularly as GENEO and the companies it invests develop.
As a business partner, GENEO mobilizes to provide support for the execution of structuring, growth and transformation projects thanks to its teams, but also its specialized "business partners" (external growth, positive impact, digital and innovation). It also has a platform of more than 140 independent experts and a community of nearly 200 families and entrepreneurs, offering a sharing of experience and a business network unprecedented in France. The terms of this operational support are adapted to the specific needs of each company and formalized jointly by the GENEO team, the management team and the other shareholders of the company in a "Growth Book".
Passionate about those who make, create and want to move the lines, the only ambition of the GENEO team is to bring the ambition of each entrepreneur to the top.
At GENEO, when we invest, we invest!
For more information: www.geneocapitalentrepreneur.com
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