Natexis Investissement and Sofinindex merge

The two entities managed by Financière Natexis Banques Populaires which invest in development capital, Natexis Investissement and Sofinindex, merged on 14 December. The new investment unit will be known as Natexis Investissement and has a portfolio valued at EUR 200m. Financière Natexis Banques Populaires is a 99.2% shareholder in the company, which is structured as an SCR (Société de Capital Risque), and is therefore able to invest and make exits without being subject to the same time constraints as are present for an FCPR.

Natexis Investissement is now made up of a team of 12 investment professionals, who will seek to acquire minority shareholdings in traditional development capital-type situations and buyouts, and would invest in build-ups, public-to-private deals, turnarounds and the development of innovative companies. It is able to invest EUR 40m each year and will target business with turnovers of #15-150m, making average investments of EUR 2-10m.

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