Ciclad has made official the acquisition of IDF Capital, a private equity vehicule in the Ile-de-France used to investing a maximum of €1-1.5 million per company in LBO or expansion capital operations.
IDF Capital has made more than 225 investments since its creation in 1995 and operates in the form of an société de capital risque. It was owned by twenty shareholders, banks (Bpifrance, as well as the region’s Caisse d’Epargne, Banque Populaire and Crédit Agricole), industrialists (Dassault, ADP, etc.) and local chambers of commerce and industry. Not forgetting the Ile-de-France region, whose clear desire to exit from the capital was clearly behind IDF Capital’s planned disposal.
The structure currently has a portfolio of some fifteen portfolios companies – half of which correspond to equity investments that had been made in venture companies, a segment from which IDF Capital had been divesting for the past ten years or so. Their sale will be carried out under the leadership of Thomas Galloro, IDF Capital’s longstanding manager, who is now a senior advisor at Ciclad.
Translated from Capital Finance dated 04/03/2020
S.O. Capital Advice (Marc Lasserre and Theo Schwartz) acts as financial advisor for the sellers.