Parquest invests in Eres

Parquest acquired a minority stake alongside the company's founding partners and employees. The group's founding managing partners Jérôme Dedeyan, Nicolas Vachon, Hervé Righenzi de Villers and Olivier de Fontenay will retain a controlling stake.

The transaction is aimed at allowing Eres to accelerate the development of its pension insurance business.

Formerly known as ING Parcom Private Equity and affiliated with ING's insurance arm, Parquest was born in 2014 as a spinout from the group, subsequently raising a €300m first fund.

This transaction is the sixth made with Parquest's maiden fund, now almost fully invested. The GP is currently raising its second fund.

Company
Founded in 2005 by Jérôme Dedeyan, Nicolas Vachon, Hervé Righenzi de Villers and Olivier de Fontenay, Eres offers employee savings and pension insurance plans. The company operates through a network of 1,700 independent financial advisers, insurance brokers and accountants.

It currently has €1.5bn under management, 20,000 collective contracts and 3,000 individual contracts with 120,000 beneficiary employees of small businesses and large listed corporations.

Eres registered €20m of revenues in 2015 and counts 30 employees.

People
Parquest Capital – Pierre Decré, Thomas Babinet (associate directors); Guillaume Brian (executive). 

Advisers
Equity – Grant Thornton, Emmanuelle Riou, Adrien Martin (financial due diligence); Goodwin Procter, Thomas Maitrejean, Hind Badreddine (legal); Nabarro & Hinge, Laurent Mamou (tax). 

Vendor – Athema, Jean-Marc Teurquetil, Frédéric Damiron, Zineddine Bennaou (M&A); Volt & Associés, Lucas d'Orgeval, Charlotte Hazan (legal). 

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• Topics
• France
• Financials
• Expansion
• France
• Parquest Capital