David Smith, a senior managing director on the co-investment team at Capital Dynamics, was in attendance at IPEM 2020 to discuss all things co-investment. He stopped by the studio to talk to Unquote associate editor Denise Ko Genovese about why the hype around co-investments is not just a passing phase, and how Capital Dynamics builds up co-investment portfolios and maintain long-term GP relationships.
Transaction also financed with a €10m senior debt from LCL, BNP Paribas, Bred Banque Populaire and CIC
GP acquires a 49% stake in the company for €1.06bn, while the reminder is retained by current owner Atlantia
LDC invested £20m in Mitrefinch in 2016 for a minority stake and has supported the company in doubling revenues
Omega managing director Claudio Nessi and principal Francesco Draetta will join the company's board