Amundi takes 7.5% stake in French GP NextStage
French asset manager Amundi has bought a 7.5% stake in small-cap specialist NextStage from financial holding Artémis.
NextStage founder and president Grégoire Sentilhes and several of the firm's managers will hold onto their joint 85% stake. Artémis, the Pinault group's financial holding, retains a 7.5% stake.
Amundi stated the move will allow it to expand its investment activities towards French SMEs.
Established in 2002, NextStage is a Paris-based GP focusing on growth capital and small-cap buyouts. It currently has €300m of assets under management, spread across 51 French SMEs.
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