IK invests in Valoria Capital

Greg Gille
04 January 2021

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IK Investment Partners has agreed to invest in Valoria Capital, a French acquisition platform of independent financial advisers.

The GP invested via its IK Small Cap II Fund, which closed on its hard-cap of €550m in February 2018. The fund follows the strategy of IK Small Cap I, and makes majority buyouts in companies with enterprise values of up to €100m across the DACH, Nordic and Benelux regions, as well as in France.

It is also able to make selected minority buyouts. Financial details of the transaction were not disclosed, and it remains unclear whether IK will hold a minority or majority stake in the business.

Idinvest will provide financing for the transaction, which was announced at the end of December 2020.

IK stated it would support founder Romain Lefèvre in accelerating the group's market consolidation and portfolio diversification strategy.

Company
Founded in 2012, Valoria is a Paris-headquartered independent financial adviser offering private clients, entrepreneurs, and their families, products to structure their wealth and manage their assets. The company also provides complementary services encompassing real estate, credit and tax advice.

People
IK Investment Partners – Arnaud Bosc, Pierre Gallix (partners); Morgane Bouhenic, Thierry Aoun (directors); Adrien Normand, Pauline Lloret (associates).
Idinvest – Nicolas Nedelec (managing director); Olivier Sesboüé (investment manager); Victoire Vanheuverswyn (analyst).

Advisers
Equity – Rothschild Transaction R, Philippe de Montreynaud (M&A); Volt & Associés, Emmanuel Vergnaud, François-Joseph Brix, Alexandre Tron, François Jubin (legal); Grant Thornton, Emmanuel Riou, Valentin Noel, Alexis Martin, Stéphane Benezant, Caroline Luche-Rocchia, Cécile Didolot (financial due diligence, tax).
Vendors – EY, Jean-Louis Duverney-Guichard, Alexandre Gebelin (M&A); Marc-André Audisio, Emmanuel Villaire (financial due diligence); Paul Hastings, Sebastien Crepy (legal); Willkie Farr, Thomas Binet, Ralph Unger (legal).