04 / 2017

Parquest Capital winner of 2017 PE Fund award

Parquest News

We are glad to announce that Parquest Capital has won the best 2017 PE Fund award at Private Equity Magazine’s “Grand Prix” annual event, in the « € 20m to € 75m deals » category.

This prize, which is awarded by a large jury of PE professionals, and which Parquest already won in 2011, rewards the quality of the firm’s activity in the past year.

This recognition from our peers, almost three years after we became independent, also rewards an intense 2016 activity:

  • Two investments in primary deals with Eres in the financial services area and Albert Ménès in the delicatessen sector,
  • The sale of two successful companies, Vivalto Santé and Unither, generating an average multiple of 3.8x our investment,
  • A team strengthened with the recruitments of Camille Ronsin, Associate, and Sonia Karimjee, Financial Controller,
  • The launch of the fundraising of a new € 300 m vehicle.

Beyond these performances, the Private Equity Magazine Grands Prix’s jury also rewarded Parquest Capital’s nature: a highly experienced, stable et solid team (responsible for 100% of its track record since 2002) with a clear strategy (support and transformation of French SME’s presenting a potential of growth in France and abroad) on specific sectors (consumer goods, health and B2B services). Parquest Capital’s investment strategy is strongly focused on the development of SMEs : 2/3 of primary deals within our investments, a good share of proprietary transactions, 43 build-ups of which 16 outside France, a value creation essentially based on operational and strategic improvement (90% stemming from EBITDA growth or multiple expansion). This strategy has proved to be successful with Parquest Capital reaching an average multiple on investment of 2.9x out of 11 divestments realized to date.

With its new fund, Parquest Capital intends to keep on ranking among the most dynamic PE funds.