Portfolio

Acuiti Labs is a leading specialist SAP consulting firm that assists large, blue-chip businesses globally with the implementation of SAP Billing and Revenue Innovation Management (“BRIM”) software

• Investment Status: In Portfolio
• Investment Date: February 2024
• Sector: Outsourced Services
• CEO: Manoj Harbhajanka
• Location: UK and US
• Website: https://www.acuitilabs.com/

Ermitage is a K12 education group with three leading private international bilingual schools located in France and in Belgium, providing a bilingual curriculum to close to 2k students from the age of 3 to 18 years

• Investment Status: In Portfolio
• Investment Date: December 2023
• Sector: Education
• CEO: James Doherty
• Location: France and Belgium
• Website: https://www.ermitage.fr/

Strategic communications and reputation management consulting agency, offering B2B strategy and influence services

• Investment Status: In Portfolio
• Investment Date: December 2023
• Sector: Business Services
• Location: Washington, DC
• Website: https://www.bpimedia.com

• Investment Status: In portfolio
• Investment Date: October 2023
• Projected Exit Date: October 2026
• Sector: Industrial
• Location: San Antonio, USA

Laboratory services platform focused primarily on refurbished clinical lab instruments, consumables and reagent distribution, service and repair work

• Investment Status: In Portfolio
• Investment Date: October 2023
• Sector: Laboratory Services
• Location: Bellport, New York
• Website: http://www.blockscientific.com

Provider of parking facility enforcement solutions

• Investment Status: Active
• Investment Date: September 2023
• Sector: Parking Facility Services
• Location: Dania Beach, Florida
• Website: https://pavemobility.com/

South Texas-based cardiovascular management services organization

• Investment Status: Active
• Investment Date: August 2023
• Sector: Healthcare Services
• Location: Harlingen, Texas
• Website: https://southheartclinic.org/

RCA is a French software editor dedicated to chartered accountants with two product lines: a BtoB advisory software suite and “MEG”, a full SaaS BtoBtoB collaborative platform.

• Investment Status: In Portfolio
• Investment Date: July 2023
• Sector: Software and Telecom
• CEO: Jérôme Clarysse
• Location: France
• Website: https://rca.fr/

• Investment Status: Unrealized
• Investment Date: July 2022
• Projected Exit Date: December 2025
• Sector: Industrial
• Location: Athens, Greece

• Investment Status: Unrealized
• Investment Date: July 2022
• Projected Exit Date: December 2025
• Sector: Industrial
• Location: Athens, Greece

Cabaïa is a leading omnichannel accessories brand, commercializing backpacks, beanies, upsell and other accessories (socks, flasks, etc.). Its products are distributed mostly through a mix of DtoC (website), owned stores and wholesale.

• Investment Status: In Portfolio
• Investment Date: June 2023
• Sector: Next-gen consumer
• CEO: Bastien Valensi
• Location: France
• Website: https://www.cabaia.com/

Behavioral health services platform providing the full continuum of mental health and addiction treatment

• Investment Status: Active
• Investment Date: June 2023
• Sector: Healthcare Services
• Location: Torrance, California
• Website: https://yourbehavioralhealth.com/

• Investment Status: Unrealized
• Investment Date: December 2022
• Projected Exit Date: December 2027
• Sector: Student Housing
• Location: Daytona Beach, USA

Fullers Foods is the leading end-to-end outsourced manager of private label programs for grocers in the UK. Its services include product sourcing, supplier management, quality assurance, new product development, packaging design and inventory and logistics management.

• Investment Status: In Portfolio
• Investment Date: November 2022
• Sector: Next-gen consumer
• CEO: Kevin Smith
• Location: United Kingdom
• Website: https://www.fullersfoods.com/

Provider of maintenance, repair and overhaul (MRO) services for aircraft components

• Investment Status: Active
• Investment Date: November 2022
• Sector: Industrial Services
• Location: Monroe, North Carolina
• Website: http://www.tag.aero

A diversified strategic communications platform providing public relations and analytically-focused market research services

• Investment Status: Active
• Investment Date: September 2022
• Sector: Business Services
• Location: Miami, Florida
• Website: http://www.famapr.com

Life sciences tools platform focused on designing, assembling and integrating automated liquid handling instruments used in the biopharma, pharma, OEM and academic end markets

• Investment Status: Active
• Investment Date: September 2022
• Sector: Healthcare Products
• Location: Springfield, New Jersey
• Website: https://hudsonrobotics.com/

Independent, full-service automotive tire and maintenance service platform with locations across the Intermountain West region

• Investment Status: Active
• Investment Date: September 2022
• Sector: Consumer Services
• Location: Salt Lake City, Utah
• Website: https://burtbrothers.com/

• Investment Status: Unrealized
• Investment Date: September 2022
• Projected Exit Date: September 2025
• Sector: Multi-let Industrial
• Location: Loughborough, UK

Operates substance abuse/mental health treatment facilities serving adolescent populations in Colorado and the Washington D.C. area

• Investment Status: Realized
• Investment Date: April 2021
• Exit Date: June 2022
• Sector: Healthcare Services
• Location: Denver, Colorado
• Website: http://www.sandstonecare.com

Les Secrets de Loly is a fast-growing natural hair care brand dedicated to textured hair (i.e., wavy, curly and frizzy). LSL commercializes a range of products with natural ingredients (shampoo, conditioner, hairstyling and leave-in care products).

• Investment Status: In Portfolio
• Investment Date: May 2022
• Sector: Next-gen consumer
• CEO: Kelly Massol
• Location: France
• Website: https://www.secretsdeloly.com/

Multi-unit franchisee of European Wax Centers across the Southwestern United States.

• Investment Status: Active
• Investment Date: April 2022
• Sector: Consumer Services
• Location: Coral Gables, Florida
• Website: http://www.waxcenterpartners.com

Multi-specialty dental service organization supporting clinics throughout the Pacific Northwest and South Midwest United States

• Investment Status: Active
• Investment Date: March 2022
• Sector: Healthcare Products
• Location: Nashville, Tennessee
• Website: https://specialtydentalbrands.com/

Provider of integrated youth sports solutions

• Investment Status: Realized
• Investment Date: January 2022
• Sector: Consumer Services
• Website: https://threestep.com/

• Investment Status: Partially realized
• Investment Date: December 2021
• Projected Exit Date: December 2024
• Sector: Industrial
• Location: Jacksonville, USA

UrgentMED is the premier independent network of urgent care clinics in Southern California and leading provider of comprehensive healthcare services through its footprint of urgent care clinics.

• Investment Status: In Portfolio
• Investment Date: November 2021
• Sector: Multi-Unit
• CEO: Rob Mahan
• Location: United States
• Website: https://exerurgentcare.com/

Provider of full-service property management services for over 4,500 vacation rental properties located throughout the United States

• Investment Status: Active
• Investment Date: October 2021
• Sector: Business Services
• Location: Nags Head, North Carolina
• Website: http://www.awayday.com

Provider of tech-enabled marketing automation services to nationally branded companies

• Investment Status: Active
• Investment Date: August 2021
• Sector: Business Services
• Location: Chicago, Illinois
• Website: http://www.brandmuscle.com

Solem is a state-of-the art designer and assembler of connected devices focused on telecare, irrigation and pool founded in 1984 and managed by Frédéric Comte since 2016.

• Investment Status: In Portfolio
• Investment Date: July 2021
• Sector: Software and Telecom
• CEO: Frédéric Comte
• Location: France
• Website: https://www.solem.fr/

Regional HVAC/residential services platform offering install, repair and maintenance services for homeowners in the Intermountain West region

• Investment Status: Active
• Investment Date: July 2021
• Sector: Residential Services
• CEO: xxx
• Website: http://www.joinintermountain.com

Minafin is a leading global fine chemical developer and manufacturer, specialising in active pharmaceutical ingredients (“API”) manufacturing and green chemistry founded in 2004. The group operates six industrial facilities in France, Belgium, Germany and the United States supporting international customers in the life sciences and high-tech.

• Investment Status: In Portfolio
• Investment Date: July 2021
• Sector: Outsourced Services
• CEO: Frédéric Gauchet
• Location: Belgium and US
• Website: http://minafin.com/

Dental service organization supporting clinics throughout the Northeast United States

• Investment Status: Active
• Investment Date: March 2021
• Sector: Healthcare Services
• Location: Short Hills, New Jersey
• Website: http://www.selectdentalmanagement.com

• Investment Status: Unrealized
• Investment Date: October 2020
• Projected Exit Date: June 2025
• Sector: Office
• Location: Tampa, USA

Blue is a French B2B alternative telecom operator, founded in 2006. It offers subscription-based, turnkey telecommunication and IT services to SMEs. Services are rendered with top-notch infrastructures, including a fully-certified data center at Blue’s headquarters.

• Investment Status: In Portfolio
• Investment Date: July 2020
• Sector: Software and Telecom
• CEO: Nicolas Boittin
• Location: France
• Website: https://www.bt-blue.com/

• Investment Status: Unrealized
• Investment Date: December 2019
• Projected Exit Date: December 2024
• Sector: Multi-purpose
• Location: Radolfzell, Germany

Tri-Imaging Solutions is an integrated provider of parts and services to the diagnostic imaging equipment maintenance and repair market. The company provides repair parts, on-site servicing, technical training, and technical support to its customers.

• Investment Status: In Portfolio
• Investment Date: September 2019
• Sector: Outsourced Services
• CEO: Eric Wright
• Location: United States
• Website: https://triimaging.com/

• Investment Status: Unrealized
• Investment Date: March 2019
• Projected Exit Date: December 2025
• Sector: For-rent Residential
• Location: Philadelphia, USA

Provider of travel medicine and immunization services across the United States

• Investment Status: Realized
• Investment Date: January 2019
• Exit Date: December 2020
• Sector: Healthcare Products
• Location: Scottsdale, Arizona
• Website: http://www.passporthealthusa.com

Operator of ophthalmology practices serving the Mid-Atlantic United States

• Investment Status: Realized
• Investment Date: December 2018
• Exit Date: February 2021
• Sector: Healthcare Services
• Location: Annapolis, Maryland
• Website: http://www.visioninnovation-partners.com

• Investment Status: Unrealized
• Investment Date: November 2018
• Projected Exit Date: November 2024
• Sector: Healthcare
• Location: Washington D.C. (MSA), USA

• Investment Status: Unrealized
• Investment Date: November 2018
• Projected Exit Date: November 2025
• Sector: Office
• Location: Brussels, Belgium

Provider of technology-enabled services to facilitate M&A transactions

• Investment Status: Realized
• Investment Date: November 2018
• Exit Date: November 2022
• Sector: Financial Services
• Location: Colorado, Denver
• Website: http://www.srsacquiom.com

Provider of cloud-based digital asset delivery and content optimization services to the Media & Entertainment industry

• Investment Status: Realized
• Investment Date: October 2018
• Exit Date: November 2021
• Sector: Business Services
• Location: Los Angeles, California
• Website: http://www.premieredigital.com

Provider of rapid infusion systems used to treat critically injured patients experiencing material blood loss

• Investment Status: Realized
• Investment Date: June 2018
• Exit Date: August 2022
• Sector: Healthcare Products
• Location: Billerica, Massachussetts
• Website: https://belmontmedtech.com/

• Investment Status: Unrealized
• Investment Date: April 2018
• Projected Exit Date: December 2025
• Sector: Office
• Location: Philadelphia, USA

Phaidon International (“Phaidon”) is a multi-brand global recruitment business focused on hard-to-find, business-critical roles within niche verticals. Phaidon operates five organically established brands, across 11 different offices in three core regions, EMEA, U.S. and APAC.

• Investment Status: Realized
• Investment Date: April 2018
• Exit Date: August 2022
• Sector: Outsourced Services
• CEO: Harry Youtan
• Location: Global
• Website: https://www.phaidoninternational.com/

• Investment Status: Unrealized
• Investment Date: March 2018
• Projected Exit Date: December 2025
• Sector: Retail
• Location: Parma, Italy

Manufacturer of temperature control systems for fixed wing aircraft and helicopters

• Investment Status: Realized
• Investment Date: February 2018
• Exit Date: December 2019
• Sector: Consumer Products
• Location: Clearwater, Florida

Operator of laser hair removal locations

• Investment Status: Realized
• Investment Date: January 2018
• Exit Date: June 2019
• Sector: Healthcare Services
• Location: Omaha, Nebraska
• Website: http://www.milanlaser.com

• Investment Status: Unrealized
• Investment Date: December 2017
• Projected Exit Date: December 2024
• Sector: Office
• Location: Paris, France

Provider of motorcycle rentals, experiences and pre-owned motorcycle sales to consumers throughout the United States

• Investment Status: Realized
• Investment Date: December 2017
• Exit Date: June 2023
• Sector: Consumer Products
• Location: Hawthorne, California
• Website: http://www.eaglerider.com

Groupe EDH is a French network of higher education schools dedicated to communication, arts management, graphic design and journalism, operating 8 brands over 26 campuses.

• Investment Status: Realized
• Investment Date: November 2017
• Exit Date: July 2022
• Sector: Education
• CEO: Amin Khiari
• Location: France
• Website: https://www.groupe-edh.com/

Multi-specialty dental service organization supporting clinics throughout the Southeastern United States

• Investment Status: Active
• Investment Date: August 2017
• Sector: Healthcare Services
• Location: Kennesaw, Georgia
• Website: http://www.southerndentalalliance.com

• Investment Status: Unrealized/Receivership
• Investment Date: June 2017
• Projected Exit Date: N/A
• Sector: Retail
• Location: Germany, Cologne

Manufacturer and distributor of print finishing, graphic arts and presentation products

• Investment Status: Active
• Investment Date: June 2017
• Sector: Business Products
• Location: Totowa, New Jersey
• Website: http://www.spiralbinding.com

• Investment Status: Realized
• Investment Date: May 2017
• Projected Exit Date: December 2021
• Sector: Multi-tenant Industrial
• Location: Fort Collins, United States

Eudonet is a leading designer and provider of full-SaaS CRM solutions covering sales, marketing, communication and client services focused on a selected number of verticals including membership organizations, nonprofit organizations, education, public sector and real estate.

• Investment Status: Realized
• Investment Date: March 2017
• Exit Date: January 2022
• Sector: Software and Telecom
• CEO: Antoine Henry
• Location: France
• Website: https://fr.eudonet.com/

American Franchise Capital is a leading franchise restaurant platform operating 120+ units including 70+ Taco Bell and 50+ Applebee’s restaurants.

• Investment Status: In Portfolio
• Investment Date: March 2017
• Sector: Multi-Unit
• CEO: Bill Georgas
• Location: United States

• Investment Status: Realized
• Investment Date: February 2017
• Exit Date: April 2021
• Sector: Healthcare
• Location: Portland, United States

Creative Extruded Products is a leading supplier of highly engineered extruded molding products used in the North American automotive glass molding industry, both to the original equipment manufacturers and aftermarket segments.

• Investment Status: Realized
• Investment Date: February 2017
• Sector: Niche manufacturing
• CEO: Tim March
• Location: United States

Global provider of technology-enabled services and software to law firms, corporations, government agencies and consumers

• Investment Status: Realized
• Investment Date: December 2016
• Exit Date: December 2019
• Sector: Business Services
• Location: McLean, Virginia
• Website: http://www.kldiscovery.com

• Investment Status: Realized
• Investment Date: October 2016
• Exit Date: July 2022
• Sector: Office
• Location: Madrid, Spain

• Investment Status: Realized
• Investment Date: July 2016
• Exit Date: December 2019
• Sector: Office
• Location: Frankfurt, Germany

• Investment Status: Realized
• Investment Date: June 2016
• Projected Exit Date: November 2019
• Sector: Office
• Location: Madrid, Spain

• Investment Status: Unrealized
• Investment Date: June 2016
• Projected Exit Date: December 2024
• Sector: Office/Retail
• Location: New York, USA

Operator of ophthalmology practices serving the Western United States

• Investment Status: Realized
• Investment Date: June 2016
• Exit Date: December 2016
• Sector: Healthcare Services
• Location: Denver, Colorado
• Website: https://iconeyecare.com/

The restaurant segment focuses on serving authentic Maine-inspired menu offerings anchored in sustainability across its U.S. based shacks and international locations (in Japan and Taiwan). The company’s seafood segment buys, produces and sells seafood products to its own restaurants, wholesalers, grocers and consumer packaged goods retailers.

• Investment Status: In Portfolio
• Investment Date: May 2016
• Sector: Multi-Unit
• CEO: Luke Holden
• Location: Global
• Website: https://www.lukeslobster.com/

• Investment Status: Realized
• Investment Date: April 2016
• Exit Date: April 2019
• Sector: Hotels
• Location: Various, Europe

Sogetrel is a leading engineering, building and services company specialized in design, construction and maintenance of telecommunication infrastructure, and digital communication.

• Investment Status: Realized
• Investment Date: February 2016
• Projected Exit Date: October 2018
• Sector: Software and Telecom
• CEO: Xavier Vignon
• Location: France
• Website: https://www.sogetrel.fr/

• Investment Status: Realized
• Investment Date: December 2015
• Exit Date: March 2023
• Sector: Office
• Location: Mainz, Germany

• Investment Status: Realized
• Investment Date: December 2015
• Exit Date: August 2020
• Sector: Multi-tenant Industrial/Office
• Location: Atlanta (MSA), USA

Supplier of non-food pet products

• Investment Status: Realized
• Investment Date: November 2015
• Exit Date: May 2017
• Sector: Consumer Products
• Location: Arlington, Texas
• Website: http://www.petmate.com

• Investment Status: Unrealized
• Investment Date: September 2015
• Projected Exit Date: April 2024
• Sector: Office
• Location: Dublin, Ireland

Provider of industrial and healthcare information services

• Investment Status: Realized
• Investment Date: August 2015
• Exit Date: November 2017
• Sector: Business Services
• Location: Dallas, Texas
• Website: http://www.iqvia.com

• Investment Status: Realized
• Investment Date: May 2015
• Exit Date: February 2019
• Sector: Multi-tenant Industrial
• Location: Various, UK

• Investment Status: Realized
• Investment Date: June 2014
• Projected Exit Date: May 2019
• Sector: For-rent Residential
• Location: Various, USA

Crown Health Care Laundry Services is the leading provider of outsourced linen management to hospitals and other healthcare facilities (i.e., clinics, skilled nursing facilities, etc.) in the Southeast U.S.

• Investment Status: Realized
• Investment Date: March 2014
• Exit Date: March 2021
• Sector: Outsourced Services
• CEO: Don Haferkamp
• Location: United States
• Website: https://www.crownlaundry.com/

• Investment Status: Realized
• Investment Date: December 2013
• Exit Date: May 2017
• Sector: For-rent Residential
• Location: Various, USA

Metro Franchising is the fourth largest franchisee in the Dunkin’ system and the largest Dunkin franchisee in the New York City metro region and was founded in 1998. Dunkin franchisees operate in the quick service restaurant segment providing coffee, donuts, baked goods and other snacks.

• Investment Status: In Portfolio
• Investment Date: December 2013
• Sector: Multi-Unit
• CEO: Stuart Cohen
• Location: United States

• Investment Status: Realized
• Investment Date: June 2013
• Exit Date: September 2016
• Sector: Office
• Location: New York, USA

Command Alkon is the leading global provider of integrated supply chain software and technology solutions for the heavy building materials industry, namely concrete, cement, aggregate and asphalt industries.

• Investment Status: Realized
• Investment Date: June 2013
• Exit Date: April 2020
• Sector: Software and Telecom
• CEO: Phil Ramsey
• Location: United States
• Website: https://www.commandalkon.com/

• Investment Status: Realized
• Investment Date: June 2013
• Exit Date: January 2016
• Sector: For-rent Residential
• Location: Various, USA

Acrotec is a Swiss-based group specialized in the manufacturing of high precision parts mainly for Swiss mechanical watches and for industrial applications.

• Investment Status: Realized
• Investment Date: June 2012
• Exit Date: June 2016
• Sector: Niche manufacturing
• CEO: François Billing
• Location: Switzerland
• Website: https://www.acrotec.ch/

Anthony’s Coal Fired Pizza is a leading, high growth restaurant concept in the emerging “small box dining segment” with a focused menu including coal-fired pizzas and “Italian soul food” creations.

• Investment Status: Realized
• Investment Date: December 2011
• Exit Date: December 2015
• Sector: Multi-Unit
• CEO: Anthony Bruno
• Location: United States
• Website: https://acfp.com/

Tortilla is the leading U.K. Mexican-themed quick service restaurant chain with 82 sites worldwide, comprising 62 owned sites in the U.K., 3 Group-operated UK Chilango sites, and 17 franchised stores in the Middle East and the U.K.

• Investment Status: In Portfolio
• Investment Date: December 2011
• Sector: Multi-Unit
• CEO: Richard Morris
• Location: United Kingdom
• Website: https://www.tortilla.co.uk/

• Investment Status: Realized
• Investment Date: September 2011
• Exit Date: June 2017
• Sector: Residential Development
• Location: Various, USA

ST Products ( “STP”) is a niche manufacturer of redrawn, small diameter copper, aluminium, and specialty alloy tubes that are critical components for several industrial and consumer applications, including heavy equipment, appliance, electrical, heat transfer, and welding.

• Investment Status: Realized
• Investment Date: June 2011
• Exit Date: November 2018
• Sector: Niche manufacturing
• CEO: Steve Drew
• Location: United States
• Website: http://www.smalltubeproducts.com/

Tiendas 3B is the first chain of hard-discount grocery stores in Mexico, modeled on the typical European hard-discounters’ operations: limited product selection (allowing for more volume discounts from suppliers, and lower logistics costs), small stores with low rents and limited staff. Tiendas 3B operates its own distribution centers and is geographically focused on Mexico City and its suburbs.

• Investment Status: In Portfolio
• Investment Date: May 2004
• Sector: Multi-Unit
• CEO: Anthony Hatoum
• Location: Mexico
• Website: https://tiendas3b.com/