Latour backs MBO of Risk & Co
Latour Capital has acquired French consulting firm Risk & Co in a management buyout that sees the company management retain a 40% stake.
Latour took a majority stake in the business. The transaction marks the fourth investment made by the GP from its maiden fund, Latour Capital I. The vehicle held its final close in December last year on its hard-cap of €115m. The fund had a target of €100m and held a first close on €60m in July 2011.
The fund predominantly focuses its investments on digital media companies and non-core spinouts. Latour Capital I tends to invest equity tickets of €5-15m in companies that are valued in the €15-50m range.
The deal also means the firm's first fund is now 45% invested, less than a year after its final close.
Company
Founded in 1994, Risk & Co is headquartered in Paris with an additional office in South Africa and a number of subsidiaries, notably in the UAE, Mexico and Hong Kong. The company employs 130 staff.
Risk & Co specialises in consultancy within the areas of security and strategic intelligence for companies operating in a number of sectors, including defence, energy, retail, environment and telecommunications. The company provides strategic analysis and engineering consultancy services to evaluate threats and advise on prevention and protection strategies for unstable or deteriorating environments.
The company also provides technical assistance and operational support with regards to risk management and the control of crisis situations on the ground. Risk & Co's clients include EDF, Groupe Carrefour, Société Générale and ING.
People
Bruno Delamotte is the founder of Risk & Co. Cédric Bannel is a partner and co-founder of Latour.
Advisers
Equity – JLA Conseil, Jean-Christophe Aylon (Corporate finance); Fidufrance, Denys Angeloglou (Legal); Hemera, Didier Raoul (Operational due diligence); Créative Value, Michel David (Management due diligence).
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