Portefeuille

Capzanine Situations Spéciales
http://www.cafes-legal.fr/
Leading independent French roaster
2018 sales €60 M
Bond financing December 2018

Number three in coffee production and distribution in France, Legal has been an emblem of French coffee for more than 167 years. In a growing market with changing consumption patterns, the company has been able to adapt and innovate through capsules, soft pods, single origin and organic coffee. It has a full range of products.
In particular, the company is the first to launch, in late 2018, a 100% vegetable capsule, without plastic or aluminium, oxygen-tight, which avoids inserting it into an additional plastic packaging.

  • Chairman: Alain Frydman
  • Nature of the deal: bond financing
  • Date of investment: December 2018
Capzanine 4 Private Debt
http://www.acteongroup.com
Dental imaging, equipment and products
2017 sales 154 M€
Unitranche October 2018

Acteon specialises in the design, manufacture and distribution of high-value-added dental technologies and holds global leadership positions in ultrasonics and digital medical imaging. Based in Mérignac (near Bordeaux), Acteon has a network of 13 subsidiaries and sales offices across the world and employs more than 800 people.

  • Chairman: Marie-Laure Pochon
  • Nature of the deal: Unitranche
  • Date of investment: October 2018

 

Capzanine 4 Flex Equity
https://www.opteven.com/
Assistance and automobile insurance
2017 sales €129M
LBO October 2018

Founded in 1985 and headquartered in Lyon, Opteven is a leader in the automotive service and mobility contract markets in both France and Europe. Opteven is a specialist in mechanical breakdown cover and roadside assistance. It also operates in home assistance, healthcare, and personal services.

The company has experienced strong growth for 10 years. It currently generates nearly €150 million in turnover and has more than 450 employees.

  • Chairman: Jean-Matthieu Biseau
  • Nature of the deal: LBO
  • Date of investment: October 2018
Capzanine 4 Private Debt
https://www.lpgsystems.com/fr/
Global leader in cellular stimulation
2017 sales €86M
Unitranche September 2018

Founded in 1986 by Louis-Paul Guitay, LPG is the inventor of a pioneering, patented mechanical process to replicate the traditional palpate-roll massage called “Endermologie”. The company develops, assembles and distributes machines which are used by aesthetics centers and medical professionals to enhance the production of collagen and elastin, activate the blood flow and mobilize body fat.

Endermology offers a risk-free, pain-free, non-invasive treatment against cellulite (aesthetics use) and can help the skin recover from scars, burns and loosening (medical use). LPG has become the leader in its field, which is now one of the prominent non-invasive techniques available in the world. The benefit of LPG’s technology has been backed by numerous surveys, scientific studies and 30 years of presence in the market with a high retention ratio amongst clients.

 

Capzanine 4 Flex Equity
http://www.dorsia.es/
Leading Spanish franchise business operating in women's health
2017 sales €90M
Growth Capital September 2018

Founded in 2002 by Manuel and Jorge Fernandez, Dorsia is the leading aesthetics surgery and aesthetics medicine group in Spain, with c. 70 franchised clinics around the country totalling sales above €90m. Since inception, Dorsia has specialised in providing the most innovative treatments with the highest quality standards under the motto of "responsible beauty". Its differentiated positioning and value-proposition has allowed Dorsia to become the undisputed market leader within a few years.

Eva Fertility is the fertility care branch of the Group. Founded only 3 years ago, Eva Fertility has been able to position itself as one of the leading brands in Spain within its sector, with c. 50 locations. Origen is the youngest brand of the Group, founded in 2017, and the pioneer company in providing psychology medicine retail services in Spain.

Capzanine 4 Private Debt
https://www.eurodommages.fr/
Wholesale insurance broker, specialized in aggravated risks
2017 sales €14M
Unitranche July 2018

Founded in 1995, Eurodommages is one of the leaders of the wholesale insurance brokerage market in France. Specialized in aggravated risks for the automobile insurance market (“conducteurs malusés”, drivers having at some point lost their driving license…), Eurodommages plays a central role in the insurance value chain by acting as an intermediate between the brokers and the insurance companies.

  • Chairman: Yann Dévrillon
  • Nature of the deal: LBO
  • Date of investment: July 2018
Capzanine 4 Private Debt
https://www.questel.com
Service provider on the industrial property segment
2017 sales €45M
Unitranche July 2018

Questel, a provider of intellectual property software and services, is one of the global leaders in its market. It sells its solutions to 3,000 clients in more than thirty countries. Since 2015, Questel has seen strong growth boosted in particular by five acquisitions, including that of ITIP, a US company specialising in international patent filing, in February 2017. Based in Paris, Questel now has locations in the United States, Japan and China, and currently employs some 250 people.

  • Chairman: Charles Besson
  • Nature of the deal: LBO
  • Date of investment: July 2018

 

Capzanine 4 Private Debt
https://www.goikogrill.com/en/
Leading gourmet-burger restaurant chain in Spain
2017 sales €26M
Unitranche June 2018

Founded in 2013 by Andoni Goicoechea, Goiko Grill is the leading gourmet-burger restaurant chain in Spain. Goiko Grill serves its customers with premium burgers, at affordable prices made with local ingredients and served in a warm atmosphere.
In just five years, Goiko Grill has grown rapidly and now operates some 44 restaurants in 8 Spanish cities, being one of the country's leading chains. Goiko Grill is based in Madrid and currently employs more than 500 people.

  • Chairman: Andoni Goicoechea
  • Nature of the deal: LBO
  • Date of investment: June 2018
Capzanine 4 Private Debt
https://www.evernex.com/
Leader in third-party IT maintenance
2017 sales €81M
Unitranche June 2018

Founded in 1983 and initially focused on IT spare part trading, Evernex has become a global leader in high value IT hardware maintenance, offering quality of service commitments for servers, storage facilities and network infrastructures. The Group employs around 430 people in its 27 branches on all continents and covers 160 countries.

  • Chairman: Stanislas Pilot
  • Nature of the deal: Refinancing
  • Date of investment: June 2018
Capzanine 4 Private Debt
https://www.neoxam.com/
Global financial software provider
2017 sales €62M
Unitranche June 2018

Founded in 2014, Neoxam is specialized in the edition of back, middle and front office software solutions mainly dedicated to major asset managers and investment funds. The group employs around 400 people and has branches in Europe, the USA, Singapore, China, Hong-Kong, Tunisia and South Africa.

  • Chairman: Serge Delpla
  • Nature of the deal: LBO
  • Date of investment: June 2018
Capzanine 4 Flex Equity
https://www.hsoftware.com/
Tech provider to financial industry
2017 sales €12 M
LBO June 2018

From its inception in 1998, Horizon has worked with investment banks in the design of its first electronic trading platform. Today, with 90 clients in 26 countries and connectivity to over 70 exchanges, multi award-winning Horizon provides advanced trading technology for investment banks, brokers and hedge funds.

Horizon's trading platform provides immediate access to a comprehensive range of features and the ability to execute sophisticated strategies and workflows through powerful customisation. The company, which employs 100 people, is headquartered in Paris with offices in France and operations worldwide, as well as a strong footprint in the APAC region

  • Chairman: Jean-Marc Delfarguiel
  • Nature of the deal: LBO
  • Date of investment: June 2018
Capzanine 4 Private Debt
https://www.magix.com/
Leading international multimedia software house
2017 sales €34 M
Unitranche May 2018

Founded in 1993, Magix provides software for designing, editing, archiving and presenting videos, music, photos, graphics and websites. Its solutions go beyond the PC platform and include seamlessly integrated online and mobile applications as well as cloud services. The company is one of the pioneers in Virtual Reality editing and markets its products to 15 million users in 179 countries across the globe. Via its academy, Magix also offers personalised training courses in Europe.


Headquartered in Berlin, Germany, Magix has internationally diversified operations employing 243 people (mostly engineers) in Germany, the US, Canada, UK and the Netherlands.

  • Chairman: Klaus Schmidt
  • Nature of the deal: Unitranche
  • Date of investment: May 2018

 

Capzanine 4 Private Debt
https://www.iadfrance.fr/
Digital platform for real estate intermediation
2017 sales €112 M
Unitranche April 2018

Founded in 2008, I@D is a digital platform for real estate intermediation, which provides trainings and operational support required for the sale of residential properties to a network of independent, self-employed real estate consultants working from home and on the field. I@D has become in 10 years the first French network of real estate intermediaries without brickand-mortar agencies. In 2017, its network of more than 5,500 consultants completed 20,000 transactions.

Located in Lieusaint (France), the Group has developed its activities in Portugal (2015), but also in Spain and Italy at the beginning of 2018.

  • Chairman: Roland Tripard
  • Nature of the deal: Unitranche
  • Date of investment: April 2018