Parquest Capital has made employee savings and pension insurance products provider Eres its sixth investment since it spun out from ING Group two years ago.
France-based Eres has more than €1.5bn of assets under management, close to 20,000 collective contracts and more than 3,000 individual contracts.
Parquest said it aimed to continue Eres’ growth, particularly through accelerating development of its pension insurance business.
The firm was known as ING Parcom Private Equity before its spin out from ING in April 2014.
The rebranded firm announced a new €300m fund at the time of the spin-out.
Since its creation in 2002 the firm has completed 19 operations and supported the management teams of its investee companies for more than 35 add-on operations,.
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