Exclusive Group has finalised an investment agreement with Belgian firm Cobepa giving it access to a finance package of circa £72m, a tidy sum that is expected to catalyse the distributor's expansion plans.
Cobepa will take a majority stake in the business and be joined by Edmond de Rothschild Investment Partners who are re-investing for the third time.
The new investment package followed soon after the release of figures that showed a 40% jump in like-for-like sales.
As well as the investment, Exclusive has also secured a new finance facility from existing financing partner, UK-based Intermediate Capital Group (ICG).
These new financial arrangements provide the Group with a platform to deliver the next phase of business growth, including the geographic expansion of the distribution businesses, further development of Big Technology, increasing the footprint of the IT leasing division Exclusive Capital, and more growth for ITEC, the global logistics and services business acquired in December.
CEO Olivier Breittmayer told IT Europa that it was looking to acquire a UK leasing business as part of its plans.
Olivier Breittmayer, CEO of Exclusive Group, said: "The Group's 1bn euros revenue goal by 2017 is assured by this investment, which will allow us to develop more services and identify and capitalise on new opportunities within the markets and sectors that we operate in."