LONDON, UK. 11th August 2025 – Zutec, a leading provider of ConTech and PropTech SaaS solutions in the UK and Ireland, is pleased to announce the successful completion of a strategic recapitalisation by Pictet Asset Management’s (“Pictet AM”) European Direct Lending arm.
Zutec’s strategy is built on profitable organic growth as well as acquiring and partnering with complementary businesses to accelerate growth. The recapitalisation by Pictet AM includes new facilities to fully refinance Zutec’s existing debt, as well as facilities to support Zutec’s continued M&A strategy and investment in product and AI. The refinancing marks a major milestone in Zutec’s growth journey, supporting its mission to scale operations and improve outcomes through innovative 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.
ENDS