CAPZA builds up its Flex Equity team
CAPZA today announced the nominations of Maxence Radix and Benoit Choppin as co-Heads of Flex Equity France. Maxence and Benoit joined CAPZA in 2005 and 2006 respectively, and both have considerable experience in the small cap segment; they will now run our Flex Equity activities in France.
This appointment comes at a time of rapid growth for CAPZA, who has doubled its investment team in the past 5 years. This hiring spree has enabled us to shore up our recently opened offices in Spain, Germany and Italy, but also our teams in France, and to keep up with the fast pace of investments.
Since 2004, the CAPZA Flex Equity teams have made around 70 investments1, mostly sponsorless LBO deals, and about 50 divestments. CAPZA’s Flex Equity expertise is part of its long-standing strategy and provides small, medium and intermediate-sized enterprises2 with a selection of flexible financing solutions combining equity (majority or minority stakes), convertible bonds and mezzanine debt.
The teams are preparing for the fund’s 5th funding round and aiming for a €550-600 million closing, to be invested primarily in France, Spain, Italy and Germany.
Maxence Radix, co-Head of Flex Equity France, underlined:“This 5th vintage will be based on the same fundamentals that made the previous fund a success. France remains our core market, but we will continue to emphasise the European dimension of our solutions and take advantage of any opportunities that may arise in countries like Spain and Italy where we have local operations”.
“Flex Equity occupies a distinctive position, combining equity and bond financing in resilient and varied sectors (growth tech, healthcare, B2B services, etc.). It offers investors an attractive risk/reward trade-off that has proven successful since 2004”, added Benoit Choppin, co-Head of Flex Equity France.
1 As at 30/09/19
2 With EBITDA less than €10m
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