Industries & Finances hires Demeunynck as analyst

Demeunynck will assist the team – which now counts 14 professionals – with deal sourcing and investment analysis. He previously undertook several internships in the private equity industry, starting in the Indian market at Zephyr Management.

He then spent eight months at 123Venture in Paris, before moving on to Ardian for another six-month internship.

Industries & Finances previously recruited Christophe Jadot as an associate at its Paris office in July.

The GP recently sold cheese producer La Comtoise to Céréa Capital after an eight-year holding period. It also divested French food packager L'Univers de l'Emballage earlier this year, and on the buy-side acquired boilermaker Chaudronnerie de l'Est and digital agency Equinoa.

Industries & Finances closed its latest fund on €135m in April last year. Its previous vehicle is now fully realised and generated a 3x return on investment.

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