Zutec, a prominent name in ConTech and PropTech SaaS across the UK and Ireland, has successfully secured a strategic recapitalisation from Pictet Asset Management’s (“Pictet AM”) European Direct Lending arm.
Zutec’s roadmap focuses on driving profitable organic growth while also acquiring and partnering with synergistic businesses to accelerate progress. The recapitalisation deal provides fresh facilities to refinance all existing debt in full, while also supplying resources to fuel continued acquisitions and investment in product innovation and AI.
The transaction represents a significant milestone in Zutec’s development, reinforcing its mission to expand operations and transform outcomes through advanced digital solutions.
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.
