Capital Croissance backs Emresa SBO

Capital Croissance recently closed its second generation Cairn Capital fund on €140m. The vehicle supports SMEs via MBOs, OBOs, MBI transactions and growth capital. The fund provides tickets in the €5-15m range, backing companies generating a €5-75m turnover.

Re-sources Capital and Siparex together acquired a stake in the business in 2012, which French publication Capital Finance reported as 70%. At the time, the transaction saw Valérie Crauser become CEO of the business. Crauser joined Emresa in 2005 as a commercial director.

Siparex invested via its Nord Ouest Entrepreneurs 4 vehicle in 2012. The Siparex Entrepreneurs team typically invests €500,000-5m in minority stakes. It is, however, open to securing a majority stake when partnering with another GP in a co-investment.

Company
Founded in 2001 and based in Luxembourg, Emresa is a provider of loyalty and employee benefits services through its Sympass card. The card is sold to employers and offers a full range of merchant promotions, as well as concierge and ticketing services, at preferential rates. The company generates a turnover of €7m.

People
Siparex – Damien Fulchiron (partner); Jean-Bastien Bloch (chargé d'affaires senior).
Re-sources Capital – Romain Rastel (managing partner).

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• Topics
• Buyouts
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• Benelux
• Consumer
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