Recent News
Quilvest Capital Partners is pleased to announce that it has made a substantial growth investment in UrgentMED, the premier independent network of urgent care clinics in Southern California. Quilvest is partnering with UrgentMED’s co-founders, Dr. Jacob Rastegar, Dr. Morris Kokhab and Dr. Pejman Bolourian, who will each remain significant shareholders and will continue to lead the business going forward. Financial terms of the transaction were not disclosed.
Founded in 2007 and headquartered in West Hollywood, California, UrgentMED operates 35 urgent care clinics in the Southern California region, including Los Angeles County, Orange County and Ventura County.
“We are thrilled to partner with Drs. Rastegar, Kokhab and Bolourian,” said Jay Takefman, Partner and Co-Head of Direct Private Equity at Quilvest. “UrgentMED has established itself as the leading independent urgent care network in Southern California and is ideally positioned to meet consumers’ and payors’ demands for convenient, affordable and high-quality care by deploying its broad healthcare offering across its clinic footprint. We look forward to joining UrgentMED on the next phase of its journey as the company continues its growth strategy,” he added.
Dr. Rastegar, Dr. Kokhab and Dr. Bolourian (co-founders and co-CEOs), stated: “We welcome the Quilvest team to the UrgentMED family. Quilvest is an ideal partner for us due to its deep understanding of multi-unit business models, healthcare sector expertise and vast network of resources to help us grow. We are excited to have a supportive partner who shares our vision.”
Benjamin Sass, Principal at Quilvest, added: “UrgentMED is an exceptional business led by an exceptional team. We look forward to helping UrgentMED accelerate its expansion strategy, while continuing to leverage UrgentMED’s patient-centric model and culture of care.”
Quilvest announces today that it has entered into exclusive negotiations with Montagu to sell Eudonet Group (“Eudonet”).
Based in Courbevoie, France, Eudonet is a developer of CRM software serving 1,200 customers and 53,000 users, across France, the Netherlands, the UK, Belgium, Switzerland and Canada. Eudonet was founded in 2000 and is one of the leading CRM providers for associations, local authorities and higher education by developing products with a large set of pre-configured functionalities targeting specific customer needs.
Eudonet’s management team, has grown the business considerably thanks to a scalable strategy which consists of improving functionalities continuously and replicating the vertical approach in selected sectors such as real-estate through investments in product development and acquisitions.
Antoine Henry, CEO of Eudonet, commented: “We are delighted to be partnering with Montagu and see considerable opportunity ahead for the business. Montagu’s expertise in the technology space and international expansion capabilities will be major assets for our company. This partnership will enable us to further develop the company through significant investments in product development and expansion in new verticals and geographies.”
Thomas Vatier, Partner at Quilvest Capital Partners said: “We are honoured to have partnered with the talented Eudonet management team, led by Antoine Henry and Fabrice Vernière, since early 2017. Since that time, Eudonet has considerably accelerated its growth, as a result of significant investments in the product development and deep vertical approach; in addition, over the period, Eudonet completed four add-on acquisitions, strongly expanding its presence internationally. Now more than ever Eudonet benefits from a great runway to accelerate its entrepreneurial development at home and abroad.”
Antoine de Peguilhan, Director at Montagu, said: “Eudonet is a great example of Montagu’s strategy of partnering with high-quality technology companies in their pursuit of growth. The management team has done a remarkable job at introducing best practices in all functions and processes, resulting in an impressive quality of operations. We believe that Eudonet is a scalable business with a solid technology platform and a strong management team, which can continue to achieve double-digit organic growth and further expand through M&A.”
Pascal Ambrosi, Director at Montagu added: “We were attracted by Eudonet’s core values of humility, collaboration, agility, and performance. Eudonet’s business model puts customers at the heart of everything they do, from innovative product development to efficient and quick product deployment, and customer service. This customer-first approach coupled with targeted acquisitions allowed Eudonet to strengthen its position in existing core verticals, to enter new attractive niches, and to expand internationally. We look forward to supporting the company and its over 200 employees in the next phase of their growth.”
The transaction is subject to the final and definitive agreement between the parties and customary conditions and provisions.
Quilvest Capital Partners is pleased to announce that Tortilla, the largest and most successful fast-casual Mexican restaurant group in the UK, began trading its shares on AIM on 08 October 2021, a market of the London Stock Exchange.
Tortilla specialises in the sale of freshly made Californian-inspired Mexican cuisine. The Group has 62 sites worldwide, comprising 50 sites in the UK operated by the Group, two sites franchised to Select Service Partners UK Limited in the UK, and 10 franchised sites in the Middle East. Quilvest invested in Tortilla in 2011.
Loeïz Lagadec, Partner at Quilvest, said:
“We are extremely proud of Tortilla’s progress over the past 10 years. We multiplied the number of stores by ten! It has been an exciting journey with an inspiring leadership group and board members. The successful IPO on AIM marks a really exciting milestone for the business and its shareholders”.
PARIS, July 20, 2021 — Quilvest Capital Partners, the leading multi-strategy alternatives division of Quilvest Group, has today announced the appointment of Christophe Evain as an Independent Director on the Quilvest Capital Partners’ Board. Mr Evain took up his seat at the board’s last meeting on 28 June 2021.
Mr Evain is a highly experienced and successful investment professional, having held a number of leading positions in top European financial institutions during a career that spans more than three decades. During his twenty-year tenure at Intermediate Capital Group, he served as Group Managing Director, in London, was responsible for international operations and business development, and sat on the company’s Executive Committee and Investment Committee. Following this, he assumed the dual role of CEO and CIO for seven years.
As an active non-executive, Mr Evain continues to advise some of Europe’s top companies, most recently acting as Non-Executive at Land Securities Plc and as Chairman of Bridges Fund Management. Christophe is also an Executive Fellow at London Business School.
The Quilvest Capital Partners Board is made up of five family members and two independent directors. It consists of Adrien de Boisanger, Craig Donaldson, Robin Filmer-Wilson, Alexis Meffre, Ana Sainz de Vicuña and Gonzalo Tanoira. Mr Evain will join Mr Donaldson as the second independent and non—family member on the Board.
Mr Donaldson was appointed to the Board in 2018 and subsequently as chairman of its Compensation Committee. He has over 30 years of alternative investment management experience and was a founding partner of Hg Capital, where he was a member of the Executive Committee and responsible for the firm’s client functions, co-investment activities, and business planning and strategy work (he retired from Hg in 2017). His earlier career included executive roles at Clarion Partners, UBS and PGIM. Donaldson maintains a number of non-executive roles including board, strategic advisory, and mentoring positions.
Alexis Meffre, Executive Chairman, said: “I am delighted to announce Christophe’s appointment as an Independent Director to the Quilvest Capital Partners Board. In addition, he will be nominated President of the Audit Committee and member of the Compensation Committee. Through his highly successful career operating at the top level of some of Europe’s most prestigious investment organisations, Christophe brings a wealth of market expertise and experience, alongside a strong leadership and advisory track record. I am confident that his advice will prove invaluable as we continue to focus on our successful growth journey and commitment to providing best-in-class service to our investors”.
Speaking on his appointment, Mr Evain added: “Quilvest Capital Partners is an organisation which I have respected for many years during my career. I have been highly impressed not only by the investment capabilities and service to clients that is provided, but also the firm’s ambition to grow its market presence and take on a leading role in the market. I look forward to working closely with the board members to support Quilvest in realising its ambitions.”
| Quilvest Capital Partners has announced today it has acquired a majority stake in Solem, alongside the company’s CEO Frédéric Comte who reinvested massively in the transaction. Bpifrance took a minority stake alongside Quilvest. |
| Founded in 1984 and managed by Frédéric Comte since 2016, Solem is a state-of-the art designer and assembler of connected devices focused on telecare, irrigation and pool. Since the arrival of Frédéric Comte, Solem has been successfully transformed from a contract manufacturer of electronic devices into a leading IoT player with internationally renowned brands. |
| Quilvest (Thomas Vatier and Hichem Hadjoudj) will support Solem in its ambitious development strategy, organically and through acquisitions. |
Quilvest joins Crédit Mutuel Equity to close new financing round for the Minafin Group.
The firms will succeed former co-lead investors Andera Partners and Siparex ETI
Crédit Mutuel Equity, shareholder of Minafin since 2005, and Quilvest Capital Partners have closed a new equity financing round for the Minafin Group, with the exit of Andera Partners and Siparex ETI who had been shareholders since 2017. Minafin’s management team is reinvesting in this new transaction alongside the company’s founder, who further reinforces his majority position.
Founded in 2004, Minafin is a leading global fine chemical developer and manufacturer, specialising in active pharmaceutical ingredients (“API”) manufacturing and green chemistry. The group operates six industrial facilities in France, Belgium, Germany and the United States supporting international customers in the life sciences and high-tech industries.
Thanks to its unique R&D and manufacturing expertise, state-of-the-art industrial asset base and ability to develop and industrialise innovative processes, the Minafin group has experienced robust organic and inorganic growth over the past years. The group was supported between 2017 and 2021 by a pool of minority financial investors including Andera Midcap, Siparex ETI, Crédit Mutuel Equity and Nord Croissance. It has increased its turnover from €162m in 2016 to €243m in 2020, with double-digit annual organic growth.
Through this new investment, Quilvest Capital Partners (with the support of MACSF) and Crédit Mutuel Equity plan to accelerate Minafin’s development through organic growth and acquisitions in Europe, the USA and Asia. They will be supported by Siparex ETI and FCPI IRD Entrepreneurs who are reinvesting significantly in the transaction.
Sylvain Charignon, Partner at Andera MidCap and Florent Lauzet, Partner at Siparex ETI said: “We are very proud of the support we brought to Frédéric Gauchet in the development of Minafin over the past four years. The group succeeded in strengthening its position as a leading international player in the fine chemicals sector. It benefits from a great runway to further grow at home and abroad.”
Frédéric Gauchet, Founder and President of Minafin said: “We are very proud of Minafin’s many achievements since inception in 2005, and of the continued support our financial partners have shown to the company. We are also delighted to welcome new investors to further support the international growth of the group, among other through build-ups, and help us further strengthen our global reach. Having existing financial partners reinvest, some of which were already with us at inception in 2005, is a strong testimony of the work accomplished by the whole management team and of the strong results achieved. We are also excited to welcome new investors that bring a further global dimension.
Philippe Traisnel, Executive Director at Crédit Mutuel Equity said: “We have been working with Frédéric Gauchet and the management of Minafin for more than 15 years, which demonstrates our long-term mutual trust. This financing round opens a new phase in the group’s development, with many exciting opportunities for growth ahead.”
Thomas Vatier, Partner at Quilvest Capital Partners said: “We are very pleased to be joining the pool of the existing investors in Minafin. The group enjoys strong fundamentals in high-growth underlying markets, particularly pharmaceuticals, and is led by a high-quality management team. We look forward to supporting the international development of the company, with the help of Quilvest’s global network on three continents.”
Paris, le 11 mai 2021 – BLUE (ex-Bretagne Télécom), Service Cloud Provider pour les entreprises, accompagné par Quilvest Capital Partners, a annoncé ce jour l’acquisition d’Oceanis, expert vendéen des solutions et services IT. Forts d’un portefeuille de plus de 300 clients et d’un chiffre d’affaires de 4 millions d’euros en 2020, Oceanis et ses 36 collaborateurs rejoindront officiellement BLUE et adoptent dès aujourd’hui son nom et ses couleurs.
Quilvest Capital Partners, appuyé de Bpifrance et de Crédit Mutuel Equity, a épaulé BLUE tout au long de cette acquisition pleine de sens pour le développement des services de réseaux privés, de communications unifiées et de Cloud privés sécurisés à destination des entreprises : PME, ETI et grands comptes de l’arc Atlantique.
Cette acquisition est financée à l’aide de lignes de crédit existantes et nouvelles représentant un total supérieur à 35 millions d’euros, apportées par le pool existant de BLUE et de nouveaux partenaires bancaires.
Nicolas Boittin, fondateur et PDG de BLUE, déclare : « Je suis très heureux d’annoncer cette première acquisition. Je suis impatient d’accueillir nos nouveaux collaborateurs d’Oceanis dont les expertises et les talents conjugués aux nôtres constituent un atout formidable et un levier stratégique certain pour accompagner notre dynamique de croissance et poursuivre notre développement géographique. »
Guillaume Laboureix, Principal chez Quilvest Capital Partners, ajoute : « La croissance externe est au cœur du projet commun de BLUE et ses actionnaires et nous sommes très enthousiastes à l’idée d’ajouter les compétences d’Oceanis à celles de BLUE. Cette acquisition constitue la première étape d’une série à venir, toutes essentielles à l’accélération de la stratégie de BLUE. »
Fondé en 2005, BLUE accompagne les directeurs des systèmes d’information des entreprises et collectivités dans le maintien en condition opérationnelle des infrastructures de près de 3 000 PME, ETI et grands groupes en France. Grâce à son réseau privé de 8 Data Centers interconnectés – dont un Data Center propriétaire à Châteaubourg (certifié ISO 27001 et Hébergeur de Données de Santé), une excellente qualité de service et une forte proximité avec ses clients, BLUE a su générer une croissance extrêmement rapide au cours des dernières années. En 2020, l’entreprise emploie plus de 110 collaborateurs pour un chiffre d’affaires de 24 millions d’euros.
Depuis 1993, le groupe Oceanis, implanté en Vendée à Saint-Gilles-Croix-de-Vie, au cœur de la région particulièrement dynamique des Pays de la Loire, accompagne les entreprises et collectivités locales dans la mise en œuvre de leur système d’information et la valorisation de leur capital numérique autour de trois grands axes : (1) l’implémentation et l’exploitation d’infrastructures, systèmes, réseaux et télécommunications, (2) le développement d’applications spécifiques et de logiciels, ainsi que (3) l’infogérance et l’externalisation de tout ou partie du système d’information. Oceanis dispose notamment d’une forte connaissance des technologies AS400 : Infrastructure as a Service (IaaS) sur des serveurs dédiés ou mutualisés (Windows, Linux, AS400).
Quilvest is very proud this year again to receive the Private Equity Exchange Award for Best LP, Global Strategy (<10bn AuM).
From the whole Quilvest Capital Partners Funds & Co-investments’ team in New York, London, Hong Kong, Paris and Luxembourg: a huge thank you to the jury members and, above all, to our clients and investors for their continued trust.
The Quilvest Capital Partners Team
Quilvest Capital Partners appreciates all of the interest and participation in our March 11, 2021 Real Estate Conference.
We had the pleasure the share our view on why we believe today to be a good time to invest in Real Estate. Undeniably, the current economy will benefit to specific geographies and themes, which are key components of our latest program’s strategy and approach.
Since we launched our Real Estate activity, we have been developing local networks of relationships. This allowed us to access attractive opportunities in the value-add space, and we will keep developing these relationships to ensure an optimal portfolio construction.
This conference was the starting point of a discussion we would be delighted to have with you on how to enhance your exposure to this asset class.
Best regards,
The Quilvest Capital Partners Team
March 8, 2021 — Crown Health Care Laundry Services (“Crown” or the “Company”), a leading provider of outsourced linen management services and specialty products to hospitals, clinics and other healthcare facilities, today announced that The Pritzker Organization (“TPO”) has made a growth investment in the Company to help fuel its next phase of growth. As part of TPO’s investment, affiliates of Quilvest Capital Partners (“Quilvest”), the Company’s existing financial partner, sold its majority interests in the Company. Blenheim LP (“Blenheim”), an existing minority investor, will remain a significant shareholder along with Crown management. Financial terms of the transaction were not disclosed.
Crown is a clear leader in the healthcare linen services market. By leveraging its differentiated and sustainable strategy focused on superior quality and service, Crown delivers unparalleled service levels to its broad base of blue-chip healthcare customers across the Southeast via its well-invested network of seven facilities.
“Crown has established itself as the leading provider of healthcare linen management solutions across the Southeast region and we are pleased to partner with them to drive continued growth,” said Joseph Gleberman, Managing Director of TPO. “The Company’s success reflects its superior value proposition, relentless focus on customer service, broad footprint with best-in-class facilities and long-tenured, entrenched relationships with marquee healthcare providers. We are excited to work with Don and the Crown team as we build on their success well into the future.”
“As we welcome the TPO team as our partners, I want to thank the Quilvest team for their support as we expanded our business to seven facilities, completed several strategic acquisitions and continued our track record of investing in our facilities to maintain industry-leading customer service.” stated Don Haferkamp, CEO of Crown. “The TPO team has a clear understanding of our customer-first service model and our strategy to further expand our customer base, geographic presence and facility network and we are excited to work together to drive growth over the long term.”
Jay Takefman, Partner and Co-Head of Lead Private Equity at Quilvest, added: “We are incredibly proud of our collaborative relationship with Don and the Crown management team. Over the course of our seven-year investment, Crown has significantly expanded its footprint, allowing the Company to deliver its best-in-class service to an ever-growing roster of leading healthcare customers.” Larry Neubauer, Senior Partner at Quilvest and manager of Blenheim noted further: “TPO has an impressive track-record of investing in and supporting growth companies for the long term and we believe is a great fit to help lead Crown’s next phase of growth. I am enthusiastic about Blenheim remaining a significant investor in Crown.”
Quilvest Capital Partners is pleased to reach the next phase of the repositioning of an inner-city shopping center, capitalising on its prime retail location right next to the train station of Bergisch Gladbach (western Germany).
Once refurbished, the center will offer an enhanced experience for visitors, catering to their daily needs on the ground floor and opening a more diversified range of services on the upper floor.
We welcome Kintyre to this exciting conversion project!
More information on the link on the right :
Congratulations to Bretagne Télécom teams for their rebranding under the name BT BLUE !
On January 5, Bretagne Télécom announces its rebranding. The B2B alternative Telco, which now operates under the name BT BLUE, aims to expand its territorial presence throughout the western part of France.
More information on the link below:
Check out this article regarding the COVID-19 impact on Commercial Real Estate by our Partners Barry Hammerman and Michael Kandarakis !
Join us to hear first hand about Asia’s phenomenal private equity market and tremendous rebound since early 2020
