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Pierre Jourdain looks back at the creation of Azulis Capital and presents the team's strategy in the BFM Business programme on 17 June 2017. Among the outstanding examples: Saveur, a company from Brittany that doubled in size when under Azulis fold.

Film Créadie 2017

Paris, April 18 - Azulis Capital ("Azulis"), one of France's leading independent mid-market private equity firms, announces the closing of its fifth generation fund, Middle Market Fund V (MMF V) at €215 million, exceeding its initial target of €200 million.

Pierre Jourdain, Chairman of the Management Board, comments: "Azulis is entering a new phase in its development, building on the strengths that characterise the team: strong values as a responsible investor, aware of its economic and social usefulness; a proven ability to detect trends and support innovation in its holdings; a solid and efficient team, bold in its investment choices in the service of promising companies that we are helping to transform. We are delighted to share these successes with our investors and we thank them for their confidence".

New governance

With the retirement of Franck Boget in mid-2016 and that of Michel Rowan in the coming months, this success is part of a new dynamic, with governance organised around a Management Board chaired by Pierre Jourdain, surrounded by Yann Collignon and Christine Mariette, all three founding partners.

Build-up and Transformation

In line with its previous funds, MMF V aims to invest in its four preferred sectors: healthcare, agri-food, retail/consumer goods and business services. It relies on an active build-up policy in order to accelerate the growth of the companies it supports and transform them into "champions" in their category.

MMF V takes majority or minority stakes in buyouts or expansion capital transactions, targeting promising companies with a value of between €15 million and €150 million and with ambitious development plans.

MMF III investment fund is selling its stake in CA COMMUNICATION, one of the top 5 independent communication groups, with specific know-how in "non-media marketing" for network and distribution groups.

In an increasingly competitive environment, CA COMMUNICATION has been able to shape its model over the last few years from a publishing offer to a more global proposal integrating the creation of workflow tools and digital support for its clients.

This change has been implemented with the support of Azulis Capital through major investments, including 5 acquisitions of companies with new and complementary skills for the group.