Capza to acquire Eurofeu

Eliza Punshi
09 July 2020

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French private equity firm Capza is planning to acquire French fire safety systems specialist Eurofeu.

According to a statement from the competition regulator reviewing the transaction, Capza is planning to take exclusive control of the business.

Eurofeu, founded in 1972, is controlled by the Lahouati family, while the management team is led by managing director Philippe de Panthou. According to its website, the company employs 1,000 staff and generated revenues of €100m in 2017.

The French GP last month acquired Paris-based growth investment firm Time for Growth as it prepares for the expansion of its investment strategy into growth technology and the launch of its Growth Tech fund.

Capza previously said in a statement that the fund will be launched in the coming months and will focus on tech companies experiencing significant growth potential that are beyond venture capital development. The vehicle will invest in companies based in France, Germany, Italy and Spain.

The PE firm currently has more than €3.7bn in assets under management. Its funds currently focus on the areas of flex equity, private debt and mezzanine financing.