France unquote
Novasep in €310m recap
French specialty chemicals company Novasep has completed its €310 recapitalisation, to which the FSI and Azulis Capital have contributed €33m in equity.
XAnge PE and Creathor Venture in €2.5m round for Mobiles Republic
XAnge Private Equity and Creathor Venture have invested a joint €2.5m in French mobile apps developer Mobiles Republic.
Alvarez & Marsal expands French team
Alvarez & Marsal (A&M) has appointed Olivier Dubois as managing director, based in the Paris office.
€30m first close for TCR Capital
French GP TCR Capital has raised around €30m for its latest fund, a small-cap buyout vehicle.
Groupama to sell private equity arm
Groupama has announced it is looking to sell its private equity business which manages assets worth €1.8bn.
French SBO boom: no end in sight?
France’s booming buyout market is being fuelled by a glut of SBOs. However, more primary deal activity will be needed to maintain the market’s momentum. Greg Gille reports
Duke Street considers Biomnis exit
Mid-market GP Duke Street has appointed Crédit Suisse to review options - including a potential sale - for French medical analysis business Biomnis, according to a spokesperson.
Argos Soditic appoints new analyst
French mid-cap firm Argos Soditic has hired Guillaume Lefebvre as an analyst, and promoted Jérémie Falzone to investment manager.
France Télécom and Publicis team up with Iris
French companies France Télécom and Publicis have partnered with VC firm Iris Capital Management to set up a €300m corporate venture initiative.
France unquote" March 2012
With a whopping 51% of all buyouts being sourced from other private equity houses, according to unquote” data, 2011 clearly was the year of the SBO in France. This figure trumps the previous year’s record high of 37% – gone are the days when SBOs...
Nord Capital and Turenne back Kap Verre MBI
Nord Capital Partenaires, Turenne Capital and Alliance Entreprendre have backed the management buy-in of French glass specialist Kap Verre from its co-founders.
Colony Capital completes PSG exit
Colony Capital has sold its remaining 30% stake in French football club Paris St Germain (PSG) to Qatar Sports Investments (QSI) in a deal that reportedly values the club at €100m.
Alven et al. in $5m round for Commerce Guys
Alven Capital and Open Ocean Capital have joined existing investor ISAI in a $5m round of funding for French e-commerce solutions provider Commerce Guys.
KKR near final exit from Legrand
KKR has sold a further 12.7 million shares in listed French electrical equipment group Legrand, according to reports.
Idinvest leads $5.5m round for Leetchi.com
Idinvest Partners has joined existing investor 360° Capital Partners in a $5.5m series-B round for French online payment business Leetchi.com.
French mid-market continues steady climb
French mid-market buyouts staged a startling recovery last year, confirming that the 2010 uptick wasn’t a fluke – but can they keep climbing back to historical levels in the face of a tough environment? Greg Gille reports
Spanish bolt-on for Alven's JolieBox
French online cosmetics retailer JolieBox, backed by Alven Capital, has acquired Spanish competitor Glamourum.
Fondations buys Buffet Crampon from Argos Soditic
Fondations Capital has entered exclusive negotiations to acquire French musical instruments maker Buffet Crampon from Argos Soditic.
VC-backed Deezer looking to raise €100m
French music streaming website Deezer is looking to raise a further €100m of funding, according to media reports.
Chequers and Abenex looking to exit Salins
Chequers Capital and Abénex Capital have hired Lazard to manage the sale of French salt producer Salins International, according to media reports.
Stehlin & Associés appoints two partners
French law firm Stehlin & Associés has promoted Svetlana Tokoucheva and Cyrille Boillot as partners in its corporate/M&A department.
NiXEN's Babeau Seguin makes first bolt-on
NiXEN's portfolio company, French home construction group Babeau Seguin, has acquired competitor Maisons et Jardins.
PE-backed EOS Imaging in €120m IPO
French medical devices business EOS Imaging, a portfolio company of Edmond de Rothschild Investment Partners (EdRIP) and NBGI Ventures among other investors, has listed on NYSE Euronext.
AFIC calls for staff stakes in PE-backed firms
French private equity trade body AFIC has drafted a proposal to simplify and extend the incentivisation mechanism for employees of PE-backed businesses.