Siparex names Pagezy as XAnge’s CEO

Olivier Pagezy of Xange Private Equity — Olivier Pagezy, Xange Private Equity

José Rojo
17 June 2015

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Siparex has recruited Olivier Pagezy as CEO of XAnge Private Equity, the French VC firm it will merge with by the end of Q3.

Pagezy will take office as XAnge's new CEO on 1 July 2015.

He joins from corporate consultancy firm Ricol Lasteyrie, where he had been deputy director-general since January 2014. Previous employers include telecommunications group SFR, which hired him to work alongside the company's CEO and then promoted him to secretary-general in 2001.

In 2003, Pagezy was recruited by the Commissariat à l'Energie Atomique (CEA). The French public research body employed him as administrative and financial director until 2009, when he joined the office of the French minister for higher education and scientific research as deputy director.

Pagezy's appointment comes one month after Siparex announced its plans to merge with XAnge having acquired a majority stake in the VC firm from majority shareholder La Banque Postale. The transaction saw La Poste Group, the vendor's parent, reinvest to retain a 20% shareholding in XAnge.

The integration process between the two firms, which is expected to be finalised in Q3 this year, will create a group understood to manage €1.5bn in assets. Under the terms of the merger Siparex will continue its current focus on mid-market and regional investments, while early-stage financing will take place under the XAnge brand.