Quilvest announces today that it has entered into exclusive negotiations with Montagu to sell Eudonet Group (“Eudonet”).
Based in Courbevoie, France, Eudonet is a developer of CRM software serving 1,200 customers and 53,000 users, across France, the Netherlands, the UK, Belgium, Switzerland and Canada. Eudonet was founded in 2000 and is one of the leading CRM providers for associations, local authorities and higher education by developing products with a large set of pre-configured functionalities targeting specific customer needs.
Eudonet’s management team, has grown the business considerably thanks to a scalable strategy which consists of improving functionalities continuously and replicating the vertical approach in selected sectors such as real-estate through investments in product development and acquisitions.
Antoine Henry, CEO of Eudonet, commented: “We are delighted to be partnering with Montagu and see considerable opportunity ahead for the business. Montagu’s expertise in the technology space and international expansion capabilities will be major assets for our company. This partnership will enable us to further develop the company through significant investments in product development and expansion in new verticals and geographies.”
Thomas Vatier, Partner at Quilvest Capital Partners said: “We are honoured to have partnered with the talented Eudonet management team, led by Antoine Henry and Fabrice Vernière, since early 2017. Since that time, Eudonet has considerably accelerated its growth, as a result of significant investments in the product development and deep vertical approach; in addition, over the period, Eudonet completed four add-on acquisitions, strongly expanding its presence internationally. Now more than ever Eudonet benefits from a great runway to accelerate its entrepreneurial development at home and abroad.”
Antoine de Peguilhan, Director at Montagu, said: “Eudonet is a great example of Montagu’s strategy of partnering with high-quality technology companies in their pursuit of growth. The management team has done a remarkable job at introducing best practices in all functions and processes, resulting in an impressive quality of operations. We believe that Eudonet is a scalable business with a solid technology platform and a strong management team, which can continue to achieve double-digit organic growth and further expand through M&A.”
Pascal Ambrosi, Director at Montagu added: “We were attracted by Eudonet’s core values of humility, collaboration, agility, and performance. Eudonet’s business model puts customers at the heart of everything they do, from innovative product development to efficient and quick product deployment, and customer service. This customer-first approach coupled with targeted acquisitions allowed Eudonet to strengthen its position in existing core verticals, to enter new attractive niches, and to expand internationally. We look forward to supporting the company and its over 200 employees in the next phase of their growth.”
The transaction is subject to the final and definitive agreement between the parties and customary conditions and provisions.
PARIS, July 20, 2021 — Quilvest Capital Partners, the leading multi-strategy alternatives division of Quilvest Group, has today announced the appointment of Christophe Evain as an Independent Director on the Quilvest Capital Partners’ Board. Mr Evain took up his seat at the board’s last meeting on 28 June 2021.
Mr Evain is a highly experienced and successful investment professional, having held a number of leading positions in top European financial institutions during a career that spans more than three decades. During his twenty-year tenure at Intermediate Capital Group, he served as Group Managing Director, in London, was responsible for international operations and business development, and sat on the company’s Executive Committee and Investment Committee. Following this, he assumed the dual role of CEO and CIO for seven years.
As an active non-executive, Mr Evain continues to advise some of Europe’s top companies, most recently acting as Non-Executive at Land Securities Plc and as Chairman of Bridges Fund Management. Christophe is also an Executive Fellow at London Business School.
The Quilvest Capital Partners Board is made up of five family members and two independent directors. It consists of Adrien de Boisanger, Craig Donaldson, Robin Filmer-Wilson, Alexis Meffre, Ana Sainz de Vicuña and Gonzalo Tanoira. Mr Evain will join Mr Donaldson as the second independent and non—family member on the Board.
Mr Donaldson was appointed to the Board in 2018 and subsequently as chairman of its Compensation Committee. He has over 30 years of alternative investment management experience and was a founding partner of Hg Capital, where he was a member of the Executive Committee and responsible for the firm’s client functions, co-investment activities, and business planning and strategy work (he retired from Hg in 2017). His earlier career included executive roles at Clarion Partners, UBS and PGIM. Donaldson maintains a number of non-executive roles including board, strategic advisory, and mentoring positions.
Alexis Meffre, Executive Chairman, said: “I am delighted to announce Christophe’s appointment as an Independent Director to the Quilvest Capital Partners Board. In addition, he will be nominated President of the Audit Committee and member of the Compensation Committee. Through his highly successful career operating at the top level of some of Europe’s most prestigious investment organisations, Christophe brings a wealth of market expertise and experience, alongside a strong leadership and advisory track record. I am confident that his advice will prove invaluable as we continue to focus on our successful growth journey and commitment to providing best-in-class service to our investors”.
Speaking on his appointment, Mr Evain added: “Quilvest Capital Partners is an organisation which I have respected for many years during my career. I have been highly impressed not only by the investment capabilities and service to clients that is provided, but also the firm’s ambition to grow its market presence and take on a leading role in the market. I look forward to working closely with the board members to support Quilvest in realising its ambitions.”
Quilvest joins Crédit Mutuel Equity to close new financing round for the Minafin Group.
The firms will succeed former co-lead investors Andera Partners and Siparex ETI
Crédit Mutuel Equity, shareholder of Minafin since 2005, and Quilvest Capital Partners have closed a new equity financing round for the Minafin Group, with the exit of Andera Partners and Siparex ETI who had been shareholders since 2017. Minafin’s management team is reinvesting in this new transaction alongside the company’s founder, who further reinforces his majority position.
Founded in 2004, Minafin is a leading global fine chemical developer and manufacturer, specialising in active pharmaceutical ingredients (“API”) manufacturing and green chemistry. The group operates six industrial facilities in France, Belgium, Germany and the United States supporting international customers in the life sciences and high-tech industries.
Thanks to its unique R&D and manufacturing expertise, state-of-the-art industrial asset base and ability to develop and industrialise innovative processes, the Minafin group has experienced robust organic and inorganic growth over the past years. The group was supported between 2017 and 2021 by a pool of minority financial investors including Andera Midcap, Siparex ETI, Crédit Mutuel Equity and Nord Croissance. It has increased its turnover from €162m in 2016 to €243m in 2020, with double-digit annual organic growth.
Through this new investment, Quilvest Capital Partners (with the support of MACSF) and Crédit Mutuel Equity plan to accelerate Minafin’s development through organic growth and acquisitions in Europe, the USA and Asia. They will be supported by Siparex ETI and FCPI IRD Entrepreneurs who are reinvesting significantly in the transaction.
Sylvain Charignon, Partner at Andera MidCap and Florent Lauzet, Partner at Siparex ETI said: “We are very proud of the support we brought to Frédéric Gauchet in the development of Minafin over the past four years. The group succeeded in strengthening its position as a leading international player in the fine chemicals sector. It benefits from a great runway to further grow at home and abroad.”
Frédéric Gauchet, Founder and President of Minafin said: “We are very proud of Minafin’s many achievements since inception in 2005, and of the continued support our financial partners have shown to the company. We are also delighted to welcome new investors to further support the international growth of the group, among other through build-ups, and help us further strengthen our global reach. Having existing financial partners reinvest, some of which were already with us at inception in 2005, is a strong testimony of the work accomplished by the whole management team and of the strong results achieved. We are also excited to welcome new investors that bring a further global dimension.
Philippe Traisnel, Executive Director at Crédit Mutuel Equity said: “We have been working with Frédéric Gauchet and the management of Minafin for more than 15 years, which demonstrates our long-term mutual trust. This financing round opens a new phase in the group’s development, with many exciting opportunities for growth ahead.”
Thomas Vatier, Partner at Quilvest Capital Partners said: “We are very pleased to be joining the pool of the existing investors in Minafin. The group enjoys strong fundamentals in high-growth underlying markets, particularly pharmaceuticals, and is led by a high-quality management team. We look forward to supporting the international development of the company, with the help of Quilvest’s global network on three continents.”
Quilvest is very proud this year again to receive the Private Equity Exchange Award for Best LP, Global Strategy (<10bn AuM).
From the whole Quilvest Capital Partners Funds & Co-investments’ team in New York, London, Hong Kong, Paris and Luxembourg: a huge thank you to the jury members and, above all, to our clients and investors for their continued trust.
The Quilvest Capital Partners Team
March 8, 2021 — Crown Health Care Laundry Services (“Crown” or the “Company”), a leading provider of outsourced linen management services and specialty products to hospitals, clinics and other healthcare facilities, today announced that The Pritzker Organization (“TPO”) has made a growth investment in the Company to help fuel its next phase of growth. As part of TPO’s investment, affiliates of Quilvest Capital Partners (“Quilvest”), the Company’s existing financial partner, sold its majority interests in the Company. Blenheim LP (“Blenheim”), an existing minority investor, will remain a significant shareholder along with Crown management. Financial terms of the transaction were not disclosed.
Crown is a clear leader in the healthcare linen services market. By leveraging its differentiated and sustainable strategy focused on superior quality and service, Crown delivers unparalleled service levels to its broad base of blue-chip healthcare customers across the Southeast via its well-invested network of seven facilities.
“Crown has established itself as the leading provider of healthcare linen management solutions across the Southeast region and we are pleased to partner with them to drive continued growth,” said Joseph Gleberman, Managing Director of TPO. “The Company’s success reflects its superior value proposition, relentless focus on customer service, broad footprint with best-in-class facilities and long-tenured, entrenched relationships with marquee healthcare providers. We are excited to work with Don and the Crown team as we build on their success well into the future.”
“As we welcome the TPO team as our partners, I want to thank the Quilvest team for their support as we expanded our business to seven facilities, completed several strategic acquisitions and continued our track record of investing in our facilities to maintain industry-leading customer service.” stated Don Haferkamp, CEO of Crown. “The TPO team has a clear understanding of our customer-first service model and our strategy to further expand our customer base, geographic presence and facility network and we are excited to work together to drive growth over the long term.”
Jay Takefman, Partner and Co-Head of Lead Private Equity at Quilvest, added: “We are incredibly proud of our collaborative relationship with Don and the Crown management team. Over the course of our seven-year investment, Crown has significantly expanded its footprint, allowing the Company to deliver its best-in-class service to an ever-growing roster of leading healthcare customers.” Larry Neubauer, Senior Partner at Quilvest and manager of Blenheim noted further: “TPO has an impressive track-record of investing in and supporting growth companies for the long term and we believe is a great fit to help lead Crown’s next phase of growth. I am enthusiastic about Blenheim remaining a significant investor in Crown.”
Congratulations to Bretagne Télécom teams for their rebranding under the name BT BLUE !
On January 5, Bretagne Télécom announces its rebranding. The B2B alternative Telco, which now operates under the name BT BLUE, aims to expand its territorial presence throughout the western part of France.
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