27 September 2023 – Quilvest Capital Partners and Dromeus Capital Group, an alternative investment manager focused on Greek commercial real estate, are pleased to announce the launch of a joint venture to invest over €100 million in the acquisition and development of industrial and logistics properties across Greece, with a strong emphasis on sustainable assets.
Please see below the official press release in English
Founded in 2015, Cabaïa is a French brand committed to the creation and omnichannel distribution of innovative and sustainable accessories. With high-quality products, a strong market position, and a robust omnichannel distribution network of over 2,500 retailers and nearly 20 stores in France, the company has doubled in size every year since its inception and has established itself as one of the most successful brands in the French retail sector.
The strategic plan aims to continue supporting the company’s growth through an expansion of the product range and acceleration of international development. Quilvest Capital Partners intends to support this growth, particularly by leveraging its international network strength.
Quilvest Capital Partners manages over $7bn AUM for a prestigious base of global investors, including leading pension plans, sovereign wealth funds, insurance companies and family offices. Quilvest Capital Partners operates four investment strategies: Funds & Co-Investments, Direct Private Equity, Real Estate and Private Debt. Its heritage dates back more than a century to 1917, managing the wealth of its founding shareholder, the Bemberg family, which it continues to do so today.
Please see below the official press release in French.
11 January 2023 – Global mid-market alternatives investment firm Quilvest Capital Partners (“Quilvest”), with over $7 billion in AUM and a century-long, seven generation family shareholder heritage, today announced the appointment of two senior executives to develop its institutional client network and strengthen its business development activities globally.
Quilvest, which has been investing for its own account for more than 50 years – and in partnership with leading global families and private institutions for the past 25 years – continues its evolution by expanding its capacity to develop institutional investor partnerships in concert with serving its core family office clients.
Sanjay Kohli joins Quilvest as Global Head of Investor Solutions and Capital Raising, based in London. Prior to joining Quilvest, Sanjay was a Managing Director at Investcorp – a global alternative investment firm with over $40 billion AUM – where he was responsible for European investors, fundraising and business development and for the previous 11 years, was a Partner at 3i Debt Management: the predecessor to Investcorp Credit Management.
Philip Marchal has been appointed as Head of North American Investor Solutions and Capital Raising and is based in New York. Philip joins from global placement firm Probitas Partners, where he was a Managing Director and Relationship Manager for the past decade, focusing on originating mandates and raising capital for a range of alternative investment funds. Previously, Philip was a Managing Director at BMO Capital Markets for 6 years and, prior to that, eight years as Vice President at JP Morgan Securities.
Executive Chairman Alexis Meffre commented: “It is with great excitement that we announce the appointment of two recognised industry leaders. We are committed to strengthening our relationships with institutional investors across the globe and are confident that Sanjay and Philip will be instrumental in that whilst continuing to nurture our long-standing partnerships with family offices.”
Quilvest is a dedicated alternatives investment manager and is considered to be among the pioneers in mid-market private equity. The firm began managing the wealth of its founding shareholder, the Bemberg family, in 1917 – which it still does today, across four investment mid-market alternatives strategies: Funds & Co-Investments, Direct Private Equity, Real Estate and Private Debt.
Quilvest is proud to announce that Phaidon International, the professional services firm focused on identifying, sourcing and securing business critical talent to roles across more than 4,000 clients, and a company in its Direct PE’s Club Fund I portfolio, has entered into an agreement to be acquired by a global investor consortium led by funds managed by Further Global. The investment will see Quilvest exit the business, with management retaining a significant stake. Further Global’s investment, supported by client funds from Neuberger Berman, Pictet and OPTrust, will continue to fuel Phaidon’s growth which will see the business scale to beyond 1,400 staff and 15 offices around the world by the end of 2022.
Harry Youtan, Chief Executive Officer commented, “Quilvest have been a fantastic partner for our business over the last four years. Their sponsorship has been invaluable to us as we have grown and scaled our commercial platform, whilst deepening our sector expertise. Looking forward, we are excited to partner with Further Global alongside a truly special group of investors whose experience, network and sophistication is impressive and will help our acceleration over the next phase of our journey.”
Phaidon International operates a deliberate brand strategy that delivers talent to sectors including Financial Sciences, Supply Chain, Life Sciences, Engineering, Technology and Regulatory & Legal. The company deploys its capabilities across its existing network of offices, with a number of other locations planned.
Olivier Sarkozy, Founder and Managing Partner of Further Global, added, “We really look forward to partnering with Harry and the Phaidon Team. In addition to Phaidon’s exceptional financial performance, market positioning and differentiated business model; is the quality of the Phaidon’s management team, who has engineered the firm’s differentiated value proposition. We very much look forward to supporting them as they continue to scale the business.”
Further Global Partner, Max Baumrin added: “Phaidon has differentiated itself by understanding its client’s needs and consistently delivering a quality product. As a result, we believe that Phaidon will continue to take share by expanding both geographically and across business lines, a strategy that we look forward to supporting.”
Jay Takefman and Thomas Vatier, Co-Heads of Direct Private Equity at Quilvest Capital Partners, commented, “Our journey with Harry and the Phaidon Team has been a brilliant relationship as the business has grown and evolved. It is rare to partner with a business that delivers such exceptional organic growth and operates with the level of discipline and rigor which Phaidon does. We are proud to have been part of such an incredible story, and are excited for Phaidon to achieve its ambitions”.
Benjamin Sass, Partner at Quilvest noted, “We are extremely proud of the performance of the business and to have helped Phaidon’s continued growth over the last 4 years.”
Phaidon was advised by Lazard as financial advisor and Travers Smith & Dechert as legal counsel. Further Global was advised by Kirkland & Ellis as legal counsel. Debt financing for the transaction was provided by Churchill Asset Management.
Specific financial terms are not disclosed.
Quilvest is pleased to announce that it completed the sale of Prospect Innovation Campus, a 23-building, ~505k square foot (“sf”), flex office and industrial portfolio located in Fort Collins, Colorado.
In April 2017, Quilvest formed a partnership to acquire the 23-building campus. The business plan focused on capturing some current yield, while leasing vacant space, marking rents to market and securing long-term lease extensions. The multi-tenant and multi-building campus was also believed to offer the potential for opportunistic divestitures throughout the investment period of individual buildings, or sub-portfolios whenever stabilization was achieved; enhancing the investment’s return profile.
Between September 2019 and January 2021 three buildings were sold in two separate transactions whose net sale proceeds returned all the invested equity capital.
Throughout the hold period, ~430k sf of leasing was completed through which the portfolio reached an ~96% occupancy rate and NOI was increased by ~30%. In addition to operational improvements, investor demand for the subject property type has strengthened over time which further increased the portfolio’s valuation.
Prospect Park was the second investment in the theme. Quilvest looks forward to building on this success with the new themes it targets in 2022.
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.
More information on the link below:
Join us to hear first hand about Asia’s phenomenal private equity market and tremendous rebound since early 2020
Quilvest Capital Partners s’associe à Nicolas Boittin, Crédit Mutuel Equity et Bpifrance pour soutenir le développement de Bretagne Télécom
Châteaubourg, le 9 juillet 2020 – Quilvest Capital Partners annonce aujourd’hui un investissement dans le groupe Bretagne Télécom, en s’associant à Nicolas Boittin, le fondateur et Président-Directeur général. Les partenaires financiers historiques, Crédit Mutuel Equity et Bpifrance, réinvestissent également aux côtés de Quilvest et de Nicolas Boittin.
Fondé en 2005, Bretagne Télécom est un opérateur de services Cloud de proximité spécialisé en réseaux privés très hauts débits, communications unifiées et services de cloud privé/hybride. La volonté du groupe est d’accompagner les entreprises dans l’externalisation de leur système d’information et ainsi maintenir en condition opérationnelle leurs infrastructures.
Le Groupe est positionné sur un marché en pleine expansion. Grâce à des infrastructures performantes, une excellente qualité de service et une forte proximité avec ses clients, Bretagne Télécom a su générer une croissance extrêmement rapide au cours des dernières années. En 2020, l’entreprise prévoit un chiffre d’affaire de près de 25 millions d’euros, en hausse d’environ 20% par rapport à l’année précédente. Pour accompagner cette croissance, de nouveaux services de sécurité seront proposés à ses clients. En effet, fort des certifications ISO 27001 et HDS (Hébergement de Données de Santé), le groupe souhaite accompagner et protéger les entreprises des attaques de type rançon logiciel, cryptolocker, déni de service de plus en plus fréquentes.
Quilvest Capital Partners, Bpifrance et Crédit Mutuel Equity entendent continuer à soutenir le développement de Bretagne Télécom, à la fois de façon organique et par croissance externe.
« Pour appuyer encore la croissance de Bretagne Télécom, en particulier sur d’éventuelles acquisitions, nous avions besoin d’un partenaire puissant, impliqué, et qui partage notre vision long terme. J’ai souhaité m’associer avec Quilvest Capital Partners pour continuer à accélérer le développement de Bretagne Télécom, et enrichir notre proposition de services, tant sur les marchés du cloud que de la communication unifiée et de la cyber sécurité. La décennie à venir s’annonce incroyablement enthousiasmante ; pour moi en tant que dirigeant, pour la société et ses collaborateurs, ainsi que pour nos clients. Je souhaite continuer à investir sur nos infrastructures, nos équipes techniques et notre offre de services pour faire de Bretagne Télécom, plus que jamais, un partenaire privilégié des PME et ETI, en Bretagne, plus largement dans le Grand-Ouest, mais aussi à Paris, Toulouse et de façon opportuniste dans le reste de la France » déclare NicolasBoittin, Président Directeur Général et fondateur de Bretagne Télécom.
« Nous continuerons à regarder avec attention les belles opportunités de croissance externe, comme nous l’avons fait par le passé, que ce soit pour une extension géographique, ou pour une extension métier » ajoute Jean-Jacques Huneault, Directeur Administratif et Financier.
« Quilvest a été séduit par la vision de Nicolas Boittin, et le parcours remarquable qu’il a réalisé au cours des dernières années. Nous sommes heureux de rejoindre Nicolas, son équipe, Crédit Mutuel Equity et Bpifrance dans ce très beau projet de croissance. Notre volonté commune est d’intensifier le développement de la société, en renforçant son offre de façon organique et par croissance externe » déclareThomas Vatier, Associé chez Quilvest Capital Partners. « Les skippers sont talentueux, et les vents arrière très favorables. Bretagne Télécom bénéficie de puissantes tendances de fonds de digitalisation, d’outsourcing, de cloudification des entreprises françaises, et de criticité de la cyber sécurité qui vont être encore renforcées par le développement probable du “work from home” ou “work from anywhere” » ajoute Loeïz Lagadec, Associé chez Quilvest Capital Partners.
« Bretagne Télécom s’est imposé comme l’un des acteurs phares de la transformation digitale des PME et ETI dans le Grand-Ouest. Nous sommes fiers d’être actionnaires, depuis déjà 5 ans, de cette entreprise leader dans son domaine. Au fil des ans, une véritable relation de confiance s’est instaurée entre l’équipe managériale de l’entreprise et Bpifrance, nous conduisant tout naturellement à prolonger ce partenariat. Nous partageons la vision entrepreneuriale et le goût du challenge de Nicolas Boittin et de Jean-Jacques Huneault. » commenteAlain Fakhoury, Directeur d’Investissements chez Bpifrance.
« Eu égard à la qualité de la relation établie avec le management de Bretagne Télécom depuis 2018, date à laquelle nous sommes devenus actionnaires, nous avons souhaité poursuivre notre engagement en réinvestissant dans cette belle entreprise du secteur aux perspectives prometteuses, et ainsi, écrire une nouvelle phase de l’histoire du groupe aux côtés de Quilvest et de Bpifrance. En toute logique, nous apportons notre soutien au nouveau projet défendu par Nicolas Boittin » déclare Anthony Hillion, Directeur de Participations chez Crédit Mutuel Equity.