Month: July 2024

Read the original article on the company’s LinkedIn page here.

 

Nutriearth, a pioneer in the manufacture of vitamin D3 from insects, announces that it has raised almost 8 million euros from historic investors such as Demeter and Nord France Ammorçage, as well as new investors Rev3 Capital, Holding Serthi and Captech Santé. Joffe & Associés (Thomas Saltiel, Océane Christmann and Alexia Guyot) advised Demeter, NFA, Cap Tech and REv3 Capital on this transaction.

 

According to CFNews, this fund-raising will finance the reinforcement of Nutriearth’s industrial infrastructure. It will also enable the company to pursue research and development, by supporting the filing of new patents; the company is also planning to increase its workforce to support these changes. Nutriearth plans to produce 120 tonnes this year, continuing to sell its insect meal on the animal feed market. It also hopes to obtain the necessary authorizations to market insect meal for human consumption in Europe from next year. It should be pointed out, however, that such marketing could already begin in the USA and Canada, where these products are authorized.

 

“I’m delighted that this round of financing will enable Nutriearth to become a major player in the global vitamin D3 market. Thanks to this support, we are now in a position to respond to major societal challenges such as our health and the preservation of our planet. We are proud to offer the world’s only natural, sustainable and highly absorbable source of vitamin D3. Let’s work together for a better future”, says Thomas Dormigny, co-founder of Nutriearth, in the official press release.

 

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Purchaser(s) or Investor(s) : DEMETER , NORD FRANCE AMORCAGE , BPIFRANCE INVESTISSEMENT , REGION HAUTS-DE-FRANCE , FONDS EUROPEEN DE DEVELOPPEMENT REGIONAL (FEDER) , REV3 CAPITAL (EX CAP3RI) , FINORPA GIE , BUSINESS ANGEL(S) , Thierry Letartre
Company Corporate Lawyer : BIGNON LEBRAY , Tanguy Dubly , François Vibert , Antoine Catala
Purchaser Corporate Counsel: JOFFE & ASSOCIES , Thomas Saltiel , Océane Christmann

Read the official Finaris Group press release here.

 

This transaction, subject to AMF approval, will enable the two asset management companies, Talence Gestion and Patrival, to create an independent leader in private asset management in France. The aim is to capitalize on the expertise of each of the two entities to provide private and institutional clients with increasingly high-performance asset management. The new entity will represent €1.8 billion in private assets under management and €500 million in collective assets under management, on behalf of 2,000 clients, supported by some 50 employees, including 24 asset managers, based in Paris and the Lille and Lyon metropolitan areas. It will be owned and managed by a large number of partners from both entities, with the support of the Finaris group. Subject to regulatory approval, the merger should be completed by the end of the third quarter of 2024.

 

Didier Demeestère, Chairman and Founder of Talence Gestion, comments: “I’m delighted to have found a partner like Patrival, who will perpetuate our corporate project and enable the ‘Talenciens’ team to pursue its mission to serve its customers. With this operation, the new group preserves its independence while strengthening its market position. Its young and ambitious management team shares my vision of the company and the conviction that employee shareholding is one of the keys to success.”

 

Vincent Ténière, CEO of Patrival and Chairman of the Finaris Group, adds: “This is a major strategic merger for Patrival and, more broadly, for the Finaris Group, which seems obvious to us today, given that the two companies share the same values. This operation will enable us to accelerate our development and create synergies thanks to our complementary expertise. Like the partners of Talence Gestion, we are committed to maintaining a dynamic entrepreneurial spirit, as well as a human-scale organization, in order to keep our customers at the heart of our concerns. Our capital independence, preserved by this merger, will enable us to offer our clients a rare freedom of choice in terms of the advice and management they receive. Our new critical mass will also enable us to invest in developing our expertise and acquiring new skills.

 

A propos de Talence Gestion

Founded in 2010 by Didier Demeestère and Régis Lefort, Talence Gestion is an entrepreneurial asset management company with offices in Paris, Lille and Lyon. Widely acclaimed for its expertise in private and collective asset management, Talence Gestion has established itself as a major player in its sector, having been voted a “must-know” independent asset management company by Décideurs Magazine for 5 consecutive years, and now boasts over 1.2 billion euros in assets under advice and management. A team of experts comprising 12 private asset managers, 4 fund managers and a wealth and tax engineering unit supports private and institutional clients in all matters relating to the management of their assets. Talence thus benefits from the advantages of a human-scale company close to its customers, while giving them access to a wide range of services and advice. Further information on Talence Gestion: www.talencegestion.fr

 

A propos de Patrival

Patrival is an entrepreneurial asset management company founded in Lille, France, and licensed by the AMF since 1990. The company manages and advises more than 1.1 billion euros in assets under management in its collective investment, discretionary management, financial investment advisory and insurance brokerage businesses. The company employs 18 people, half of whom are dedicated to managing and advising clients. Further information on Patrival: www.patrival.fr

 

A propos du groupe Finaris

Finaris, founded in 2019 by Valentin Bocqueret and Vincent Ténière, is an independent financial services group active in wealth management, structured product brokerage and asset management, wholly owned by its teams. More information on Finaris: www.finaris.fr

 

 

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M&A advisor: Caurus Partners (Olivier Coenon, Charles Pétré)

Buyers’ legal counsel: Moncey Avocats (Frederic Pinet, Pierre Faure) / Joffe et Associés (Christophe Joffe, Antoine Lamy)

Find the official post on GPG Granit’s linkedIn here.

 

GPG Granit, market leader in the design of funeral monuments, acquires Isofroid, a company specializing in equipment, materials and products for body conservation. Joffe & Associés (Christophe Joffe & Charlotte Viandaz) acted as advisors to the purchasers, SERVIA INVEST of the GPG GRANIT group.

 

In July 2024, Alexis Jubert, President of GPG Granit in Rennes, announced the acquisition of Isofroid, leader in mortuary equipment and formaldehyde-based fluids. This merger is an opportunity for the Breton designer of funeral monuments to diversify its activities into the medical sector and to expand internationally. In fact, this acquisition will enable GPG Granit to operate in two different fields from now on: “funerary” and “medical”.

 

GPG Granit will now cover the entire value chain for supporting families during the period of mourning, offering services ranging from the preservation of bodies to honor the deceased one last time, to the creation of a unique place of remembrance.

 

Right from their first meeting two years ago, Alexis JUBERT and Didier Belluard, CEO of Isofroid, saw the obvious synergies between their two structures, as well as the shared values in their management style. Both men share the same priorities: people, people, people. As Didier Belluard approached retirement, he naturally turned to Alexis JUBERT to ensure the continuity of his company, while respecting its values, its partners and its employees” expresses GPG Granit in its official press release on LinkedIn.

Find the link to Cashbee’s original post here.

 

Cashbee, the leading mobile savings and investment platform, has closed a €7.5 million financing round with La Mif and its historical shareholders, including Banque Postale, My Money Bank and other business angels. Joffe & Associés (Thomas Saltiel, Charlotte Viandaz and Rudy Diamant) acted for Cashbee in this transaction.

 

Cashbee is the first application to offer simplified access to a full range of savings products, from interest-bearing bankbooks to long-term investments, directly on a cell phone. Renowned for one of the best-performing interest-bearing passbooks on the market, in partnership with Crédit Mutuel Arkéa group subsidiary CFCAL, Cashbee offers French savers a variety of investments. These include thematically managed life insurance (Climate, Inclusion, Tech, Impact), structured products, real estate, commodities and private equity.

 

Thanks to this fund-raising and the confidence of a new reference investor, Cashbee aims to expand its offering for French savers by enriching its range of savings solutions with the best investments on the market, offering a more intuitive and efficient user experience thanks to new technological developments, and promoting financial education while strengthening its teams of advisors, to support savers in managing their personal finances.

 

When we launched Cashbee five years ago, our ambition was to meet the new expectations of French savers: simple savings with greater yield, flexibility and responsibility. Today, the fact that a leading mutual insurance company like MIF, which has been committed to its members for over 160 years, has joined our project alongside our historic shareholders, is a testament to the reliability of our offerings and an honor for us. We are particularly enthusiastic about the idea of collaborating with the MIF teams, sharing the values of financial education that unite us, and creating together a real synergy of customers to respond ever more faithfully to the demands of French savers and facilitate their day-to-day financial experience, directly from their smartphones”, say Marc Tempelman, Cyril Garbois and Chaker Nakhli, co-founders of the platform, in the official Cahsbee press release.

Read the original BPI France article here.

 

Cellaven, a start-up specializing in cell culture automation, announces a €2.8 million financing round from FINOVAM Gestion, Bpi France Amorçage Industriel and other private investors. Joffe & Associés (Thomas Saltiel, Charlotte Viandaz and Clémence Bressolin) advised FINOVAM GESTION and BPI France Amorçage Industriel on this transaction.

 

Founded in 2022 by Julien Maruotti and Suriya Gunin, Cellaven develops NESTOR, an in vitro cell culture system for R&D laboratories. NESTOR is designed to simplify and automate cell culture processes, a traditionally laborious and error-prone task. Thanks to this innovation, laboratories will be able to considerably reduce manual labor, increase precision and improve the efficiency of their research.

 

This €2.8 million round of financing from FINOVAM GESTION, Bpifrance Amorçage Industriel, 3Aventures, the INSEAD Angels network and several private investors will enable Cellaven to finalize the development of NESTOR and prepare its marketing. The startup plans to launch its product on the market as early as 2025. This financing is crucial to move from the development phase to industrial production and distribution.

 

“We are delighted to welcome FINOVAM GESTION and Bpifrance Amorçage Industriel to Cellaven. Together with the other investors, we have an exceptional opportunity to provide a cell culture automation solution designed to make life easier for scientists, and free them from laboratory routine. explains Julien Maruotti, Co-founder and President of Cellaven for BPI France. “

Read the original CFnews article here.

 

Aptic Group, which specializes in direct recruitment in the Financial Services and Corporate functions sectors, announces the opening of its capital to Sofiouest, which becomes a minority partner and reference investor in a primary MBO. Joffe & Associés (Océane Christmann, Clémence Bressolin and Clément Peillet) advised the investor in this transaction.

 

Since 2016, Aptic has specialized “in headhunting for “top and middle-management” profiles and recruitment for the mid-market. Renowned in financial services, it has extended its expertise to large companies and support functions. Thanks to its reputation and the quality of its services, Aptic has grown significantly in recent years, and now employs around 50 people. As part of this growth, Sofiouest is currently investing nearly €5 million in equity and sweet equity, with a minority stake of 40%. Aptic’s team of eight partners, including founder Baptiste Lambert, retains the majority shareholding and invites employees to join them.

 

This investment will enable the Aptic group to embark on its next phase of growth, providing strategic support for business development and capitalizing on its expertise in ESG issues.

 

“8 years after its creation, Aptic is embarking on a new stage in its development by welcoming Sofiouest and many of its employees to its capital. I’m delighted to be part of this new phase, always at the service of Aptic’s teams, our customers and our candidates. This arrival puts us in an even stronger position to tackle the strategic challenges impacting our businesses,” says Baptiste Lambert.