Category: Deals

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

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 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.

Read the original article on ActuNews Wire here.

Fountaine Pajot, a leader in pleasure boat design, has acquired a Loire-Atlantique supplier to develop the interior outfitting of its sailing yachts. The company, advised by Joffe & Associés (Christophe Joffe & Rudy Diamant), is integrating a factory belonging to the Malvaux Industries group.

After a first half-year marked by an increase in sales of almost 33.2% over the same period last year, Fountaine Pajot is increasing its capacity by taking over the design activities of the La Chevrolière site, acquired from the Malvaux Industries group. This acquisition is designed to strengthen Fountaine Pajot’s position in the market for the design and manufacture of boat interiors for all of its products. The site covers 8,000 m² of industrial buildings, equipped with digital machines, and employs around sixty people.

Nicolas Gardies, Managing Director of Fountaine Pajot, told Les Echos magazine: “By acquiring this joinery, Fountaine Pajot is acquiring a tool and expertise developed by Malvaux Industries. This know-how is key in the value chain of boat development. This acquisition strengthens the Fountaine Pajot Group.

 

In 2024, Fountaine Pajot sets itself apart with the commercial launch of its hybrid electric solutions and the marketing of Thira 80, the new flagship of its range. Two examples of this luxury yacht, a 24-meter-long giant and the largest sailboat ever built at the Aigrefeuille shipyard, will be ready by the end of August from the workshops refitted for their manufacture.

Fountaine Pajot is also pursuing its growth ambitions with a 16 million euro investment plan for the year. Of this sum, 6 million will be devoted to the development of new boats, and 10 million to strengthening industrial capacities.

Joffe & Associés (Thomas Saltiel, Aymeric Dégremont, Camille Malbezin, Clémence Bressolin, Virginie Davion and Clément Peillet) advises the Irbis group, a life insurance specialist, in a primary LBO alongside IK Partners as minority shareholder, Nextage AM and Matignon Investissement et Gestion, the historical shareholders.

The Irbis Finance group (Linxea and Irbis solutions), led by Antoine Delon and Yves Conan, and supported since 2015 by NextStage AM and Matignon Investissement et Gestion, is opening up its capital to IK Partners as part of the development of its solutions. This operation was managed by Cambon Partners as part of a primary LBO.

Linxea is a dematerialized platform specializing in the on-line creation and distribution of life insurance contracts. Thanks to this operation, the number of private-equity funds available within life insurance and PER contracts now stands at nine. The company has grown from 20,000 customers and €800m in assets under management in 2015 to 90,000 customers and €2.8bn in assets under management today. This represents a tenfold increase in revenues in just seven years.

• Target company: GROUPE IRBIS (LINXEA, LINXEA IMMO, IRBIS SOLUTIONS)
• Purchaser or Investor: IK PARTNERS (EX-IK INVESTMENT PARTNERS) , Pierre Gallix , Thibaut Richard , Florent Labiale , Paola Ismail
• Managers : Antoine Delon , Yves Conan , Stanislas de Vasselot , Tiphaine de Labarre , Diane Larramendy , Clément Lemaire
• Société Banquier d’Affaires / Conseil M&A : CAMBON PARTNERS , David Salabi , Nicolas Pirot , Victor Simal Aldea , Alexandre Cuignet
• JOFFE & ASSOCIES , Thomas Saltiel , Camille Malbezin , Virginie Davion , Aymeric Dégremont
• Acquirer Investment banker / M&A advisor : FIG PARTNERS , Christophe Muyard
• Purchaser Corporate lawyer : WINSTON & STRAWN , Grine Lahreche , Audrey Szultz , Vincent Bourelly

Find the original article on Oligofeed’s LinkedIn here.

Oligofeed, a young Lyon-based deeptech specializing in the research and development of revolutionary macronutrients for bees, has launched a €600,000 fund-raising campaign to bring its solutions to market. Joffe & Associés (Thomas Saltiel, Océane Christmann and Clémence Bressolin) advised investor The Yield Lab Europe, and EY Ventury Avocats (Julien Tamagno and Margaux Noujarède) acted on behalf of Oligofeed in this transaction.

The decline of bees represents a major challenge to global food security. This disappearance is largely attributed to factors such as disease and the parasite Varroa Destructor, which are contributing to an alarming excess mortality of these essential pollinators. In order to counter the threat of extinction facing bees, Oligofeed intends to develop its revolutionary micronutrient, the fruit of nearly eight years’ research, in more than 5 countries. The product boosts the immune system of pollinating bees, reducing their mortality rate by up to 80%.

This round of financing was underwritten by The Yield Lab Europe and the following investors: CCI Capital Croissance, Frédéric Banzet, Jadeplat Limited Liability Company, Frédéric Robert and Etablissements Peugeot Frères.

To date, the company has been able to grow thanks to funding from friends and family, and subsidies obtained through competitions, notably by winning the I-Lab 2030 competition organized by Bpifrance. In order to move into the commercialization phase, Oligofeed finalized a first capital increase in April 2024, while keeping a certain amount of discretion regarding the amount sought and the investors mobilized. This capital increase is also intended to broaden the company’s product range.

Aneta Ozieranska, co-founder of the deepetch, explains in an official company statement, “With pollinator health declining, it’s crucial that the funding ecosystem supports innovative approaches to solving this problem. I’m delighted to welcome our new partners, who bring valuable expertise to improve our chances of success.”

 

Oligofeed is looking to expand its range of possibilities, with the aim of going to market in mid-2025.

Read the CfNews article here.

Adventys, a French manufacturer of induction cooking equipment, signs its acquisition by the Electrolux Professional group, world leader in the cookware market. Joffe & Associés (Christophe Joffe, Océane Christmann & Rémi Rodriguez) advised the sellers on this transaction.

Founded in 1999 in Seurre (Côte-d’Or), Adventys is a pioneer in the research, development and marketing of innovative induction equipment for professional kitchens. Seven years after welcoming Arkéa Capital and Ouest Croissance to its capital, the Burgundy manufacturer integrates Electrolux Professional, a subsidiary belonging to Electrolux, listed on Nasdaq in Stockholm since 2020. This acquisition is motivated by Electrolux Professional’s ability to support Adventys on larger-scale projects, and the development of new ranges aimed at strengthening its position in the induction cooking market.

Adventys Chairman Jean-Luc Pérot, his family and two financial investors, Arkéa Capital and Ouest Croissance, have sold their entire stake to Electrolux Professional for around €22 million. The Swedish group states that it expects to improve its Ebitda margin thanks to this acquisition.

Adventys distributes its products in over 50 countries, achieving sales of close to 7 million euros in 2023, with 40% coming from international markets, mainly in Europe and the USA. The company’s 40 employees join a Swedish group with 4,300 employees in 110 countries, with sales of SEK 2,974 million (around 250 million euros) in 2023.

• Purchaser or Investor : ELECTROLUX PROFESSIONAL AB

• Seller : ACTIONNAIRES FAMILIAUX , Jean-Luc Perot , ARKEA CAPITAL , Kévin Chaigneau , OUEST CROISSANCE , Damien JouanneauPurchaser Corporate lawyer : ADVANT ALTANA , Fabien Pouchot , Théodore Sabot , Olivier Carmès

• Merchant Banker / M&A Advisor : MAZARS CF , Matthieu Boyé , Geoffrey Bailleul , Paul Faivre

• Corporate lawyer : JOFFE & ASSOCIES , Christophe Joffe , Océane Christmann , Rémi Rodriguez

Eres: find out more on CFNews here.

Eres has acquired Retraite.com, a retirement specialist offering French savers online information on retirement and savings products, comparisons and simulators of savings solutions, and online retirement assessments.

Joffe & Associés (Aymeric Dégremont, Alexia Guyot, Virginie Davion and Clément Peillet) advised the sellers of Retraite.com on this transaction.

Eres, the specialist in employee and retirement savings, is strengthening its online presence and rounding out its digital channels, in order to generate more leads and enhance the user experience

OPERATIONS STAKEHOLDERS

Purchaser: Eres

Seller: Ludovic Herschlikovitz et autres

ADVISORS

Purchaser Corporate lawyer: Volt Associes , Hervé Bied-Charreton , Lucas d’Orgeval

Seller Investment banker: PWC Corporate Finance , Antoine Grenier , Adrien d’Alincourt , Quentin Duprez , Raphaël Donadieu

Seller’s Lawyer : Joffe & Associes , Aymeric Dégremont , Alexia Guyot , Virginie Davion , Clément Peillet