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MMF V has closed its seventh investment with the takeover of JORDENEN. This was led by the Azulis team within an LBO structure supporting Derek Rohde, its managing director for 10 years and the management team. Gaël de Calan is resigning from his operational responsibilities but remains a minority shareholder and is joining the Supervisory Board.

Jordenen, named best promotional object agency in 2017, is today the French leader in the field of promotional objects. It has structured a corporate offering for major groups or multi-site companies.Jordenen has expanded by carrying out several acquisitions. Developing within a highly fragmented market, which is rapidly becoming professional, it should provide an excellent platform for consolidation. Two small acquisitions were completed just before closing.

Jordenen is largely involved for several years now in an ESG policy, including the signing of the United Nations Global Compact and the adoption of the code of practice from the French federation of promotional objects (2FPCO). Jordenen also conducts social audits on the suppliers of made-to-order products and has a major concern over child labour, and respect for worker’s conditions. The company is ISO 9001, ISO 14001 and Qualiserv certified.

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At the Adie General meeting which took place on March 29^th, Christine Mariette, Donatien Noyelle and Yannick Ballandras awarded 3 nominees:

- Local Economic Development Award: Isabelle Sorin, reconstituted stone facing company (Vendée)

- Personal Achievement Award: Charlotte Thaiawe, home help for dependent or disabled people (Noumea, New Caledonia)

- Le Grand Prix CréAdie - Elan d'Idées: Elie Kavera, horticulture (French Polynesia)

Born from the common desire of Azulis Capital and Adie to support original initiatives of micro-entrepreneurs, Créadie, the Microcredit award, rewards innovative or developmental initiatives of businesses financed and supported by Adie.

The winners are selected among 42 regional candidates by a jury made up of entrepreneurs and members of the Adie and Azulis Capital teams.

Eight awards corresponding to a capital endowment to support the projects were awarded: three in the categories of Local Economic Development, Personal Achievement, Grand Prix Elan d'Idée and five "special awards".

For more information, please visit the Sponsorship Action page.

MMF V has closed its sixth investment by joining the capital of MEOTEC.

Meotec, created in 2005 by Richard Caron, is a French consulting firm specialising in project and purchasing management. Its intermediate positioning, the robustness of its business model and the recruitment quality enabled Meotec to grow since its creation at double digit rates.
More than 300 consultants support customers in five different skills : project management, procurement, economic performance, quality and processes and interim management.

The transaction led by Richard Caron alongside Azulis provided the opportunity to the firm’s team of seven young associates to become shareholders.

Azulis Capital publishes its 2016/2017 ESG report.

Consult the report in the Responsible Investor section.