Go Capital taken over by management

In addition, eight other Go Capital managers have joined the shareholder base.

As part of this deal, Guéret has been appointed as CEO and Distinguin will take on the role of president, previously held by founder Eric Cozanet.

Cozanet sold his stake in the firm but stayed on with the business as a strategy consultant. In this role, he will use his experience and know-how for the further development and geographical expansion of the firm. He will also remain a member of the investment committee.

Cozanet was advised by Cabinet BG2V, while the buyers were advised by Kermarrec and Chouinard & Associes.

Go Capital manages assets of around €200m through six funds, including Amorçage II, an €80m vehicle dedicated to investments in innovative companies based across the Grand Ouest region: Britanny, Pays de la Loire, Normandy and Centre-Val de Loire.

Amorçage II deploys initial tickets in the €400,000-2m range, with the possibility of injecting follow-on rounds for a total investment of up to €5m. It targets a broad range of sectors, including healthcare, technology, renewable energy and business services.

Despite the coronavirus emergency, the fund made three new investments amounting to €1.9m in Q1 2020, backing startups  Akryvia, ABC Transfer and Ecovelo. "We intend to assist the most promising local deeptech companies during the crisis," said CEO Guéret.

The firm plans to make four or five investments in companies located across the Grand Ouest region in the coming months. "We also anticipate reinvestments in companies already included in our current portfolio for an estimated amount of €2-3m," said Guéret.

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