Portefeuille

Capzanine 3
http://www.clinique-francheville.fr/
Group of healthcare facilities in Dordogne
2017 sales € 52 M
Sponsorless January 2019

Created in 1910, the Francheville group is the healthcare leader in the Dordogne département. The group provides a complete range of healthcare services through four facilities: the Francheville Polyclinique in Périgueux, the Centre de La Lande, specialised in functional and cardiac re-education and rehabilitation, the Verger des Balans EHPAD (nursing home), specialised in patients suffering from Alzheimer's disease, and five autodialysis units.

  • Chairman: Pierre Malterre
  • Nature of the deal: Sponsorless
  • Date of the first investment: November 2015

In pursuit of its expansion goals and the implementation of an ambitious investment strategy, the management team welcomes support from Capzanine in this sponsorless transaction. This investment will provide the group with the funds needed to enhance its service in a healthcare field that is undergoing structural growth.

Capzanine 3
hhtp://www.opteven.com
Assistance and automobile insurance
2017 sales €129m
MBO Bis October 2018

Previously part of the RAC group (formerly the British Royal Automobile Club), the company’s name was changed to Opteven in 2011 and it is today recognised as a leading player in the Assistance and Mechanical Breakdown Warranties market in France. The Opteven group is based in Villeurbanne, employs more than 220 people.

  • Chairman: Jean-Matthieu Biseau
  • Nature of the transaction: MBO Bis
  • Date of the investment: April 2014

The Finadvance Fund has held a majority stake in Opteven since 2010 alongside the management team and the Aviva Insurance group. Opteven has seen its turnover double in four years. Underpinned by a BtoB strategy based on long-lasting partnerships with its clients, who include insurers, automotive manufacturers, automotive dealers, credit companies and hire companies, Opteven has gradually made a name for itself on the French market through proven and reliable quality of service. Call centre availability and quick and clear decisions, combined with follow-up of customers, of their satisfaction and of any complaints are at the heart of the Opteven group’s operating strategy.

Capzanine, the new majority shareholder will rely on the current management team led by Jean Matthieu Biseau and on the partnership with Aviva to continue the group’s strong organic growth in its traditional business lines and to increase the pace of its already-initiated expansion into international markets as well as into non-automotive assistance segments. The management team is also considering targeted acquisitions as a further means of growing its geographic reach and penetrating new market segments.

 

Capzanine 3
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 750 people.

  • Chairman: Marie-Laure Pochon
  • Nature of the deal: Unitranche
  • Date of investment: March 2016

Under the transaction to refinance its capital structure in March 2016, Acteon teamed up with a number of new partners to help the company accelerate its expansion and support it through its next phases of growth. Working alongside Bridgepoint Development Capital, the new majority shareholder, Capzanine took part in the transaction as arranger of the unitranche facility.

Capzanine 3
https://www.questel.com
Service provider on the industrial property segment
2017 sales €45M
MBO July 2018

Founded in 1978, Questel is a software publisher and consultancy firm specialising in intellectual property, and one of the world’s leading companies on this sector.Questel’s SaaS (software as a Service) solutions and consultancy services cover the entire innovation cycle, from idea to product: competitive and technological intelligence, invention capture, prior-art research, freedom-to-operate, and patent and licence portfolio valuation. Questel  is a French company and also established in Washington, Tokyo and Shanghai. It counts among its 3,000 clients major French and international groups, such as IBM, Michelin, Safran, etc.

  • Implication of Capzanine in 2015
  • Nature of the deal: MBO

 

 

Capzanine 3
http://www.neoxam.com
IT solutions for the financial sector
2017 sales €62m
BIMBO June 2018

Formerly owned by the American group Sungard, GP3 & AAM are two software publishers for back-, front- and middle-office solutions for investment funds and asset managers. GP3 is a software application for fund accounting, valuation and reporting. AAM (formerly called Decalog) is a compliance software application for use in the front and middle office. Based in France, these two entities are also present internationally in 16 countries (including Belgium, Germany, Italy, China, Brazil).

  • Chairman: Serge Delpa
  • Nature of the transaction: Carve-out/Bimbo
  • Date of the investment: January 2014

In January 2014, Sungard sold these two non-strategic subsidiaries to the Blackfin Fund, which became the new majority shareholder. Capzanine took part in this takeover, acting as the arranger of a unitranche financing. The buyout of these two entities resulted in a new unit called NeoXam, established as a provider of European software applications, a leader in the asset management sector.

Backed by a solid management team and the support of these new financial partners, NeoXam plans to pursue a sustained development strategy, especially in its commitment to strong international expansion.

Capzanine 3
http://www.ecsgroup.aero
World leader on GSA sector
2017 sales €83m
Secondary MBO May 2018

The European Cargo Service (ECS) Group was created in 1998, following the merger of several General Service Agents. Since then, the Roissy-based French group has established a major international presence through organic growth and acquisitions. It currently provides services to over 120 airlines in 32 countries, thanks to 54 subsidiaries and around 400 employees worldwide. The acknowledged leader on this sector, the group posted sales of € 414 m in 2012.

  • Chairman: Bertrand Schmoll
  • Type of operation: Secondary MBO 
  • Initial investment date: march 2013

After being backed by the funds Chequers for seven years, the air freight company has joined Alpha, with Capzanine acting as the mezzanine arranger, in partnership with management, led by Managing Director Mr Bertrand Schmoll.
ECS, which was named the best GSA in 2011 and 2012 at the World Air Cargo Awards, wants to continue its international development and focus expansion efforts on emerging markets, such as Asia and Latin America. 

Capzanine 3
http://ouicare.com
French Leader in home services
LBO February 2018

The O2 group is the French leader on the home services market, with three business activities: the home segment, the “kids” segment and the “seniors” segment. The group has a network of 182 agencies and 14 franchises spread across France and caters to 50% of the French population. The group has 8,200 employees (around 7,500 working in private homes, 500 agency supervisors and a staff of 200 at its head office) and has been one of France’s leading job creators over the past few years.

  • Implication of Capzanine in 2015
  • Nature of the deal: LBO
Capzanine 3
https://alvest.fr/
The global leader in airport equipment design and distribution
LBO 3 February 2018

Alvest, through its TLD and Sage Parts subsidiaries, is the global leader in airport ground support equipment and replacement parts distribution. The group also manufactures and sells high-tech adhesive solutions through its Adhetec subsidiary, primarily for the aerospace industry. Alvest has 1,500 employees and its own worldwide sales and after-sales service network. The group operates nine plants in the United States, Canada, France and China, which serve customers in over 150 countries.

  • Involvment of Capzanine in 2015
  • Nature of the deal: LBO 3

 

 

Capzanine 2
http://www.promovacances.com
Online travel agency
Secondary LBO February 2018
 
Founded in 2000, Karavel-Promovacances group has extensive expertise in designing and selling travel packages online, generating nearly €400 million in 2010 revenues. With more than four million visitors per month to its website promovacances.com, the company is the undisputed leader in holidays package. Covering more than 80 destinations, it offers the broadest and most comprehensive selection of holidays on the market at competitive prices. It also sells cruises and tailor-made packages, including flight-only deals, car rental and skiing holidays. 
 
  • Implication of Capzanine in 2011
  • Nature of the deal: secondary LBO
 
 
Capzanine 1
http://www.taliance.fr
Software edition
2016 sales 
LMBO November 2017

Taliance creates, develops and distributes the first software solution for modelling alternative investment portfolios, combining the flexibility and the security that these specific assets require. Taliance helps GPs, LPs, pension funds, investors or investment managers to optimise the performance of their international alternative investment portfolios in sixteen countries.

Based in Paris, London and New York, Taliance employs 30 staff. Taliance works principally for Generali, Amundi, Aviva Investors, Gecina, Scor, Aberdeen Asset Management, UBS, la Caisse des Dépôts, Placements du Québec and BNP Paribas Real Estate.

  • INVOLVMENT OF CAPZANINE IN 2007
  • Nature of the deal: LMBO

 

Capzanine 3
http://www.breteche.com
Agro-food industry equipment
Secondary MBO October 2017
 
The Bretèche Industrie group specialises in the design, manufacture and installation of equipment and automated lines for the agro-food industry. It is the world’s biggest supplier of dough mixers and one of the major suppliers of equipment to the dairy sector. 
Bretèche also supplies processing equipment to the pharmaceutical and cosmetics industries (homogenisers, mixers).
  • Implication of Capzanine in 2013
  • Nature of the deal: Secondary MBO
Capzanine 1
http://www.menuiseries-gregoire.fr
Manufacturer of industrial joinery
MBO October 2017

The Grégoire group, founded in the Dordogne in 1961, is one of France's leading manufacturers of industrial joinery for the residential construction market. Specialising initially in the manufacture of wooden joinery (doors and windows) for the region's residential apartment market, it has since diversified in terms of range (French windows, roller shutters, etc.), materials (PVC, aluminium, combined) and customer segment (house builders and individuals), and has gradually extended its reach to cover almost the whole of France. 

  • Implication of Capzanine in 2007
  • Nature of the deal: MBO

Distinguished by its constant pursuit of independence and innovation, the Grégoire group has developed integrated industrial capacity geared to large-scale production of made-to-measure products, principally in order to ensure it possesses the knowhow required for innovation. The management team impressed Capzanine with its ability to expand the company into new segments and position it as a key innovator in its market.