Horus Finance, a global leader in art logistics and storage, is proud to announce that Andera Partners, through its Andera MidCap 5 fund, has acquired a minority stake in its Fine Arts division. This strategic investment alongside the management team led by Matthieu and Julien Da Costa Noble, aims at supporting the group’s strong growth in both public and private markets, with a particular focus on international acquisitions.
A legacy player with unmatched expertise
Established in 1760 as the French royal family’s exclusive layetier under the name André Chenue, Horus Finance’s Fine Arts division stems from a rich legacy of prestigious brands such as Natural Le Coultre, Helutrans, and Dongbu Art. The group offers a comprehensive range of services, from “nail-to-nail” transportation to premium storage, collection management, and preventive conservation in state-of-the-art facilities such as those in Le Bourget and in the Geneva freeport.
A global consolidation platform
With 17 subsidiaries worldwide and a strong presence in France, Switzerland, Singapore, Hong Kong, South Korea, and Australia/New Zealand, Horus Finance’s Fine Arts division serves a demanding clientele of museums, luxury brands, foundations, and private collectors. Its dedication to operational excellence, team development, and eco-conscious innovation – recognized by the France 2030 Alternatives Vertes award – stands as unique competitive advantages.
The Fine Arts division, which generates today around €225 million in turnover, has experienced exponential growth over the past decade, driven by a successful acquisition strategy – almost 10 build-ups since 2018 – and a proprietary digital platform developed by its in-house Tech Factory based in India.
A new chapter of growth with Andera Partners
Andera Partners joins this journey alongside the Da Costa Noble family and the management team, who are making a significant reinvestment and will retain majority ownership. This partnership will allow the Fine Art division to:
- Further enhance its offering and quality of service,
- Accelerate its organic growth, notably by developing and diversifying its base of private clients (luxury brands and hotels, designers, private collectors),
- Intensify its international acquisition strategy, with a focus on the United States, the United Kingdom, Asia, and Western Europe.
To support these ambitions, the group has also secured a new financing line with Pemberton Asset Management, partly dedicated to future acquisitions.
Statements
“We are thrilled to collaborate with Andera Partners, whose entrepreneurial values align closely with ours and whose expertise will help us achieve our ambitions of international growth. With Andera Partners’ and Pemberton Asset Management’s support, we are well-equipped to drive our growth strategy. This partnership, combined with the expertise of our team, gives us great confidence in our ability to consolidate our global leadership.” declared Matthieu and Julien Da Costa Noble, managing directors of Horus Finance.
“We are proud to support Matthieu and Julien Da Costa Noble and their teams in this project. This investment fits perfectly with Andera MidCap’s strategy: a primary transaction alongside an experienced and ambitious management team aimed at accelerating the growth of a leading group through international acquisitions,” added Sylvain Charignon, Partner, and Arthur Milliard, Director at Andera Partners.