Capza secures minority stake in Ynov

Capza secured a 40% stake through the equity injection and also invested through mezzanine debt. It has partnered with founder Lionel Desage and the Ynov management team.

This is the second transaction made through the Capza 5 Flex Equity fund. The vehicle held a first close with capital commitments of €450m in July last year, towards its target of €600m. The fund provides support to mid-cap companies in France, Spain, Italy and Germany with turnovers of up to €150m. It offers flexible financing by combining majority or minority capital, convertible bonds and mezzanine. It plans to complete 20-25 investments over a five-year investment period. Around 70-75% would be deployed as mezzanine and the remainder as equity. 

Ynov stated it will implement a growth plan that includes opening new campuses in several cities in France, expanding its education offering and targeting foreign students.

Company
Established in 2011, Ynov offers digital careers training through five main educational programs in the fields of science and technology, engineering, computer science, media, and design and digital. The group was developed through successive acquisitions and currently manages campuses in France with 5,700 students. It generates a turnover of €50m.

People
Capza – Bruno Bonnin (partner).
Ynov – Lionel Desage (founder).

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• Topics
• Expansion
• Consumer
• France
• France
• Capzanine