France unquote
Apax France strengthens team
French mid-cap GP Apax France has promoted four team members and hired a chargé d'affaires.
Kramer Levin promotes Dominique Penin to partner
French business law firm Kramer Levin has elected Dominique Penin as a partner.
French private equity’s 2012 highlights
Last year is likely to be one to remember for French private equity practitioners – but not necessarily for the right reasons. Unquote” looks back on five significant developments that took place in 2012.
Groupama completes disposal of private equity unit
French insurer Groupama has sold Acto Mezzanine and fund-of-funds Quartilium – the remaining entities of Groupama Private Equity – to ACG Private Equity.
LBO France hires new director
French private equity firm LBO France has appointed Vincent Briançon as a director.
21 Centrale buys Oberthur from TCR Capital
21 Centrale Partners has bought French stationery manufacturer Oberthur from TCR Capital.
Gimv buys ProxiAD from UI Gestion
Gimv has acquired a majority stake in French software engineering services provider ProxiAD from UI Gestion.
Alpha to acquire two brands from PPR group
Alpha has been granted exclusivity to buy French clothing brands Vertbaudet and Cyrillus from Redcats - a PPR subsidiary - for a total enterprise value of €119m.
Groupama edges closer to PE arm disposal
French insurer Groupama has sold an 82% stake in the two funds managed by its private equity arm Acto Capital.
NiXEN misses €300m target for second fund
French GP NiXEN Partners has closed its NiXEN II fund on €164m, well short of its initial €300m goal.
Headcount and turnover on the rise for French PE-backed businesses
French private equity-backed companies have seen their turnover and headcount grow by 9.1% and 5.2% respectively in 2011, according to a recent study by trade body AFIC and Ernst & Young.
Régie Linge Développement sale process stalled
The sale process of Sagard-owned Régie Linge Développement (RLD), a French business specialising in the rental and laundering of work wear, has reportedly stalled over debt concerns.
EdRIP leads €13m series B round in Poxel
Edmond de Rothschild Investment Partners (EdRIP) has led a €13m series-B round for French biopharma company Poxel.
Silverfleet buys La Fée Maraboutée for €65m
Silverfleet Capital has acquired French womenswear specialist La Fée Maraboutée (LFM) in a €65m primary buyout.
Latour Capital reaches €115m final close
French mid-cap investor Latour Capital - co-founded by former finance minister Alain Madelin - has closed its maiden fund on its €115m hard-cap.
Activa Capital appoints two
French private equity firm Activa Capital has appointed Samuelle Thevenet and Charlotte Metaireau as finance director and marketing and communications manager respectively.
Tikehau Group hires three
Tikehau Group, comprising Tikehau Investment Management (TIM) and Tikehau Capital Advisors (TCA), has hired Etienne Gorgeon, Frédéric Sallerin and Vincent Favier in its Paris office.
iXO Private Equity backs MPS buy-in
iXO Private Equity has taken a minority stake in the management buy-in of French public toilets specialist Michel Plante Systèmes (MPS).
France unquote” December 2012/January 2013
As 2012 drew to a close, drama continued to unfold in the ongoing French fiscal soap opera.
Activa Capital's Ergalis makes bolt-on acquisition
Activa Capital portfolio company Ergalis has acquired French temporary employment and recruitment agency Aura Staffing from Segula Technologies.
Iris Capital and Siparex invest €2.2m in V3D
Iris Capital and Siparex Proximité Innovation have invested €2.2m in French software developer Vision 360 Degrés (V3D).
Leonardo & Co reshuffles governance model
French investment banking firm Leonardo & Co has united its large- and mid-cap teams under a single structure, with a common management board and supervisory board.
LBO France buys Alvest off AXA PE and Equistone
LBO France has acquired French industrial group Alvest from AXA Private Equity and Equistone.
Alven Capital backs Mailjet
Alven Capital has led a $3.3m financing round for Paris-based cloud platform Mailjet.