Crédit Lyonnais Group reorganises private equity activities

Crédit Lyonnais has recently reorganised its private equity activities to position them as a central part of the company’s development plans. The Group’s activities will now be pooled into a single dedicated structure, an independent asset management company called Crédit Lyonnais Private Equity. Comprised of CLAM Private Equity (third party management) and Crédit Lyonnais’ own account investments, the new entity, including some 35 investment professionals, will have a staff of 60 and a total of EUR 482m under management. The investment teams will continue to be organised into four activity segments: venture capital, expansion capital, LBO and mezzanine. The investment strategy is based on the perceived strengths of the new structure: an exclusive dealflow, strong operation structuring ability, sectoral expertise and the operational competencies of recognised professionals. A number of developments are currently in the pipeline: Lion Capital Investissement, the first FCPR to offer individual investors direct access to all segments of the asset class; a mezzanine fund is due to be launched within the month; a fund specialising in the secondary market is also planned for launch in the second half of the year. The head of the new unit, Stephanie Monmousseau, has been in place since May 2000, and will report to Alain Papiasse, a member of the executive committee.

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