ACG Management, Sopromec and BTP Capital have backed the MBI of French security services provider ADN Protection by business angel and entrepreneur Mickaël Achouch.
Former owner Dan Nataf will remain with the company during the management transition.
The investment will be used to consolidate ADN's market position and to pursue its regional growth, according to a statement. The company also intends to increase its headcount.
ACG manages 67 venture funds and invested via its Fonds d'Investissement de Proximité (FIP) retail vehicles.
Debt financing for the transaction was provided by LCL, Banque Populaire, Banque Postale and BPI France.
ADN offers services to secure sensitive sites such as construction site and unoccupied sites, including alarm and video surveillance systems. The company's clients include Bouygues Construction and Nexity.
Based in Fontenay sous Bois, in the Parisian suburbs, the company was founded in 2011 and has a headcount of four, according to LinkedIn.
ADN Protection – Dan Nataf (president, founder).
Equity – Entrepreneurs & Finance, Matthieu Cassone, Rémi Saint-Lannes, William Bony (corporate finance); CEW, Emmanuel Wiplier (legal); Crowe Becouze, Etienne Dubail (financial due diligence).
Vendor – Vendome Conseil, Ivan Girardot (corporate finance); Thomas Mayer & Associés, Emma Bensoussan-Cremieux, Duc Quang Pham, Charlotte Callet (legal); Ic Avocats, Michaël Taieb (tax).
Deal comes a year after Nordic Capital acquired Signicat from Viking Ventures
Fund is larger than its predecessor, Impresa Italia Private Debt I, which raised €70m in 2016
Data software company was valued at $1bn post money in its 2019 round and is now valued at $2.3bn
FVS invests for minority stakes in Italian companies operating in a wide range of sectors