Capzanine said Nov. 9 that it has sold its stake in Taliance. Financial terms weren’t announced. Taliance, with offices in Paris, London and New York, provides software for modelling alternative investment portfolios.
Paris, 9 November 2017 – Capzanine, an independent European company specialised in private investment, is selling its stake in Taliance, following the latter’s reorganisation of its capital and its reacquisition by the management.
Taliance creates, develops and distributes the first software solution for modelling alternative investment portfolios, combining the flexibility and the security that these specific assets require. Taliance helps GPs, LPs, pension funds, investors or investment managers to optimise the performance of their international alternative investment portfolios in sixteen countries.
Based in Paris, London and New York, Taliance employs 30 staff and generates annual sales of around €6m. Taliance works principally for Generali, Amundi, Aviva Investors, Gecina, Scor, Aberdeen Asset Management, UBS, la Caisse des Dépôts, Placements du Québec and BNP Paribas Real Estate.
Capzanine has supported and accompanied the management staff of Taliance in their development for ten years. In 2007, Capzanine joined the company’s capital as a majority shareholder during an LBO acquisition. Its support and participation have allowed Taliance to concentrate on its core front office activity, continue its development, evolve internationally and acquire new clients, becoming the market leader.
Christophe Karvelis, CEO of Capzanine, stated “Today the management staff of Taliance begins a new phase in its development by restructuring its capital. We have been by Taliance’s side for ten years now, consolidating our role as a long-term investor by accompanying the company through the major steps in its growth. We are happy to hand the reins over to the management.”
Founded in 2004, Capzanine is a European independent private investment management fund. Capzanine supports businesses in their quest for growth, providing financial and industrial expertise to help them achieve success in their development and transfer phases. Capzanine delivers flexible long-term financing solutions to SMEs and mid-cap companies. Depending on the circumstances, Capzanine invests as a majority or minority shareholder and/or as a private debt provider (mezzanine, unitranche, senior debt), in unlisted small and mid-cap companies with an enterprise value of 30 million to 400 million euros. Although broad-based, Capzanine more particularly supports strong value-creating companies in the healthcare, technology, food and services sectors. Based in Paris and run by its partners, Capzanine currently has €2.5 billion in assets under management. Its most recent investments include FitnessPark, Acteon, MCA and Tessi.