Elige Capital backs AB Report in MBO

Elige acquired a minority share of AB Report, a spokesperson for the private equity house confirmed. The sum was not disclosed.

Elige was founded in 2015 and typically invests €500,000-3m. AB Report is the fifth company in which it has invested.

The GP is investing as a €20m investment company (no closed-ended fund). Half of its capital is currently deployed. 

Managers Nathalie Vauclin, Xavier Coppe and Julien Magnier, who have led the company for the past two years, became shareholders of the company for the first time. Founders Benjamin Deviscourt and Arthur Georges retained a minority stake. 

Debt for the transaction was provided by Caisse d'Epargne Rhône-Alpes and Banque Populaire Rives de Paris.

Company
Founded in 2004 in Paris, AB Report specialises in the writing reports of professional meetings (board meetings, seminars, committees), mainly for large and medium-sized businesses. The company's turnover stood at €4m in 2016. It employs 25 permanent staff and 70 freelancers.

People
Elige Capital – Emmanuelle Cappello, Grégoire Bouvier (founders).
AB Report – Nathalie Vauclin (CEO); Xavier Coppée (HR manager); Julien Magnier (freelance operations manager); Benjamin Deviscourt, Arthur Georges (founders).

Advisers
Equity – Lamartine Conseil, Fabien Mauvais, Camille Le Foyer de Costil (legal); BM&A, Emmanuel Conjard, Xavier Gravereaux, Rémi Laberenne (financial due diligence).
Company – Pax Corporate Finance, Karine Curtis, Sylvain Robine, Nicolas Pradeau, Manuel Manas (M&A); Cloix & Mendes-Gil, Sylvain Joyeux, Lakhdar Saifi (legal).

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