Investment Summary

Parquest Capital Exit Accès Industrie

On February 25, 2020, private equity firm Equistone and asset manager Credit Mutuel Equity invested in business services company Accès Industrie from Parquest Capital

Investment Highlights
  • This is Equistone’s 27th and Credit Mutuel Equity’s 7th transaction in the Business Services sector.
  • This is Equistone’s 69th and Credit Mutuel Equity’s 127th transaction in France.
Investment Fate
  • Accès Industrie was sold to a strategic buyer in 2024.

Investment Summary

Date 2020-02-25
Target Accès Industrie
Sector Business Services
Investor(s) Equistone
Credit Mutuel Equity
Sellers(s) Parquest Capital
Deal Type Secondary Buyout

Target

Accès Industrie

Tonneins, France
Acces Industrie is a rental specialist of aerial work platforms and handling equipment. Acces Industrie was founded in 1989 and is based in Tonneins, France.

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Investor(S) 2

Investor

Equistone

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 9.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Equistone is a private equity firm that invests in small to mid-sized companies valued from €50 to €500 million. Equistone targets companies operating in the fields of services, healthcare, financial services, and consumer/travel. The Firm looks to invest €25 to €200 million in a variety of transactions, including buyouts, growth capital financings, recapitalizations, and take privates. Equistone was formed in 1997 and is based in London, United Kingdom.


DEAL STATS #
Overall 235 of 252
Sector: Business Services M&A 27 of 30
Type: Secondary Buyout M&A Deals 75 of 83
Country: France M&A 69 of 72
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-15 Amadys

Antwerpen, Belgium

Amadys provides passive network equipment solutions to utility networks, including fixed and mobile telecom networks, water, gas and electricity grids, as well as to general industrial players in Belgium and neighbouring countries. Through its various operating companies in Belgium and the Netherlands, the group provides a broad range of products and services ranging from fibre-optic cabling and related products to ducts, closures and covers, often in customised specifications and combinations. Amadys is based in Antwerpen, Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-22 Desmet Ballestra

Graz, Austria

Desmet Ballestra is specialised in the fields of engineering and supply of plant and equipment for the edible oil industry, the detergent-surfactants and relating chemical industry, the oleochemical and biodiesel industry. The Group is the result of the merge in 2006 of 2 EP leaders in their respective fields: Desmet and Ballestra. Desmet Ballestra was founded in 1987 and is based in Graz, Austria.

Sell -
Investor
DESCRIPTION

CM-CIC Investissement is a financing and advisory group focused on supporting a variety of small to mid-sized companies operating in Western Europe. The Firm looks to fund businesses at all investment stages including venture, growth, and buyout situations. In addition to providing financing, CM-CIC also offers M&A advisory services. CM-CIC Investissement is based in Paris.


DEAL STATS #
Overall 143 of 188
Sector: Business Services M&A 7 of 11
Type: Secondary Buyout M&A Deals 19 of 21
Country: France M&A 127 of 161
Year: 2020 M&A 6 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-04 Araxxe

Lyon, France

Araxxe provides billing verification and fraud detection solutions to telecommunications operators worldwide. Araxxe was founded in 2005 and is based in Lyon, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-12 Verpack

Paris, France

Verpack specialises in the production of high-end cardboard cases and boxes, Verpack serves the most prestigious customers in the cosmetics, perfumery, leather goods, spirits and luxury goods industries. The company has substantial printing and finishing resources, while positioning itself on major issues of social and environmental responsibility, to support its customers in the implementation of more virtuous packaging solutions. Verpack was founded in 1993 and is based in Paris, France.

Buy -

Seller(S) 1

SELLER

Parquest Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 610M EUR
Size Middle-Market
Type Sector Focused
DESCRIPTION

Parquest Capital is a private equity firm focused on acquiring and investing in mid-sized French companies. The Firm pursues companies with €20 to €150 million in revenue and is capable of committing up to €100 million per transaction. Sectors of interest include business services, consumer products, retail, and healthcare. Parquest Capital was originally established in 2002 as a unit of ING Insurance's French practice. Parquest Capital is based in Paris, France.


DEAL STATS #
Overall 18 of 21
Sector: Business Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 13 of 15
Country: France M&A 17 of 20
Year: 2020 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-25 5 Santé

Toulouges, France

5 Santé is a provider of private clinics specialized in post-acute care methods of rehabilitation for patients suffering from chronic diseases. 5 Santé is based in Toulouges, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-15 Homeperf SAS

Aix-En-Provence, France

Homeperf SAS is a homecare service provider (37 agencies) specialized in perfusion, nutrition, insulin therapy, and respiratory assistance services. Homeperf SAS was established in 1997 and is based in Aix-En-Provence, France.

Sell -