Alumni News: HEC Alumna Delphine Inesta (H.2003) has just joined Crédit Agricole Private Equity (CAPE)’s special situation department as investment manager where she will focus on distressed companies. Congrats!
Both funds will be invested in growth sectors such as electronics, telecoms, software, internet services, biotechnology and cleantech.
An FCPI, which is the acronym for Fonds Communs de Placement dans l’Innovation, is a category of fund that invests in innovative SMEs, is regulated by the French government, and offers certain tax advantages for investors (and in France you need all the help you can get in reducing your taxes).
Here’s CAPE’s press release:
So there’s no new info concerning the pending Calyon layoffs, and judging by the number of web surfers that checked out yesterday’s post there’s a lot of worried people browsing at their desks. However, keeping with the Crédit Agricole family, Crédit Agricole Private Equity (CAPE) and Avenir Entreprises have just made an undisclosed investment into Coiff’idis, a French firm that provides consumable products and accessories to the hairdressing industry.
An initial allocation of €100M is to be invested in mid to large-cap LBOs and expansion capital deals across all sectors, with an investment capacity of €15M per deal.