SPEF Développement becomes Naxicap

As of June 2005, SPEF Développement will be known as Naxicap Partners. This subsidiary of Natexis Private Equity manages in excess of E300m of capital, which has been invested in a portfolio of 225 participations. The company employs 26 investment professionals across its autonomous regional teams, which work alongside Banques Populaires. The group has branches in Paris, Lyon and Toulouse, and an office was opened in Strasbourg at the start of 2005 to cover the Grand-Est region of France.

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