Natixis extends PE assets to more than €5bn with Euro Private Equity buy


paris10_sqFrench investment bank Natixis has expanded its private equity business by picking up a controlling stake in Switzerland-based fund of funds Euro Private Equity.

EPE has about €1bn under management, bringing Natixis’ private equity assets to more than €5bn through the 51 per cent stake purchase.

The firm runs its private equity operations through teams including Seventure Partners, which handles venture capital, growth capital arm Naxicap Partners and fund of funds Eagle Asia Partners.

Earlier this year Naxicap Partners was said to be eyeing a take-private deal for NYSE Euronext Paris-listed Thermocompact  in a deal that would value the metallic surface coating specialist at close to €50m.

Naxicap first invested in Thermocompact in 1995 and subsequently sold its shares in the business to newco Thermo Technologies, in which Naxicap, Parisian private equity firm EPF Partners and the founding families own 69, 22 and nine per cent stakes respectively.

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