Initiative & Finance

Initiative & Finance is a private equity firm specializing in management buyouts, management buy ins, leveraged build ups, accelerated growth and acquisition strategies, owner’s buyouts, buy in management buyouts, shareholder restructuring, and spin-offs in small and medium enterprises. It does not have any sector restrictions. The firm primarily invests in France. It typically invests between €1 million ($1.43 million) and €15 million ($17.45 million) per transaction in companies with revenues ranging between €5 million ($6.5 million) and €100 million ($130 million) and enterprise values between €5 million ($7.16 million) and €75 million ($107.49 million). The firm prefers to take majority and minority equity stakes alongside entrepreneurs. Initiative & Finance was founded in 1984 and is based in Paris, France with additional offices in Lyon, France and Paris, France.
SA

Sacha Azuelos

Investment Manager, Midcap

SC

Solenne Cheuret

Investment Manager

MD

Marc Dagousset

Business Development Director

PD

Philippe Dilasser

Partner

MD

Matthieu Douchet

Partner

Thierry Giron

MD and Partner

FG

François Golfier

Investment Manager

CG

Camille Grosfilley

Investment Manager

JL

Jean-Michel Laveu

Partner

JM

Jérôme Mathieu

Investment Manager

AM

Arnaud Mendelsohn

Partner

JM

Jean-Bernard Meurisse

President and Partner

François-Xavier Oliveau

Partner, Transformation

CP

Caroline Pihan

Partner Midcap

AR

Aline Robert-Palasi

COO

Bd

Baudouin d’Hérouville

Partner, Head of Midcap

21 past transactions

Azman Groupe SAS

Private Equity Round in 2017
Azman Groupe SAS engages in wholesale trade of video surveillance cameras, alarms, biometric access control, and cardiac defibrillators. It offers dome, camera int/ext, and AZMAN serveur in video; biovien in biometric access control; detection, power stations, signaling, and exploitation in alarm; defibrillator in AZMAN defibrillator. The company was founded in 2013 and is based in Paris, France.

Distec International

Acquisition in 2016
Distec International SA is a value-added distributor to designers and distributors. It serves customers in France, Belgium, the Netherlands, and Luxembourg. The company was founded in 1986 and is based in Nivelles, Belgium.

Akanea

Seed Round in 2020
Akanea Développement offers development, distribution, and support of business management software for the transport, logistics, customs services, and the food industry. The company was formerly known as Sage ATL SAS. The company was incorporated in 2007 and is based in Limonest, France. Akanea Développement is a former subsidiary of Sage Group plc. As of September 19, 2018, Akanea Développement operates as a subsidiary of Isagri SAS.

Extruflex S.A.S

Venture Round in 2017
Since the 80s, Extruflex has focused its efforts on the transformation of soft Polyvinyl Chloride (soft PVC or flexible Vinyl). Complete management of the production chain, from the formulation of flexible vinyl right up to its transformation into films, strips and sheets, have enabled us to establish unanimously recognised expertise and quality.

Fil Rouge

Acquisition in 2012
Fil Rouge is a privately held company that provides ground marketing services. It offers marketing services such as pharmacies, tobacco shops, optics stores, and banking agencies.

XMCO

Private Equity Round in 2017
XMCO SAS offers cyber security solutions. The company provides cyber surveillance, intrusion testing, security auditing, PCI DSS certification, phishing infrastructure, vulnerability monitoring, and intrusion response services. XMCO SAS was incorporated in 2000 and is based in Paris, France.

PM2S

Venture Round in 2017
PM2S is service company providing maintenance and repair services for cameras, printers, and related products. Since the company's inception, its development strategy has been to provide customers with a significant reduction in their maintenance costs and the management of their after-sales services. This approach has two requirements: optimizing flow management and monitoring interventions; focus on repair rather than parts exchange. To achieve this, the company claim to recruit ultra-specialized people and to have one of the best information systems available today for the management of the entire business activity.

SLAT

Acquisition in 2009
SLAT SA designs, manufactures, and sells power supplies/chargers. The company offers automatism/monitoring control UPS, batteries, battery enclosures, CCTV, communication systems UPS, converters, evacuation UPS, fire detection/protection systems UPS, fire safety UPS, integral UPS, intrusion/access control UPS, jonctions BRA boxes, lifepo4 backups, lightning arresters, medical systems UPS, multi-applications UPS, and ringers. Its products are used in fire safety, intrusion/access control, smart buildings, communications, video protection, medical and emergency, industrial supervision/PLCs, and communications systems applications. The company was incorporated in 1953 and is based in Champagne-Au-Mont-D'Or, France.

Olfeo

Venture Round in 2016
Olfeo now has French, Swiss, Belgian, German, Luxembourgan, Moroccan, Tunisian, Algerian and of Ivory Coast versions of its solution. This local approach ensures maximum legal protection and high quality filtering and security of the IT system. Olfeo also offers an international version of its solution for companies that have international needs. This innovative strategy is now trusted by more than 2,000 satisfied customers representing more than 3 million Internet users.

Nord Coffrage S.A.

Venture Round in 2019
Nord Coffrage S.A. specializes in selling and renting construction sites equipment. It offers shoring equipment, including props, normatower, normagrille slab formwork, normaflex formwork, the scaffolding tower, panel formwork normadeck, beams, and accessories; formwork equipment, including straight formwork, rounded formwork, hand carried formwork, moulds, accessories, and refitting services; safety equipment, including safety guard rails and tubes, climbing protection, panels - life nets, fixed and sliding bays, and guard rail for core slab and shaft; specific equipment, including normapost, normatray, metallic posts with trolleys, and grillage for frontage; and scaffolding equipment, including multi direction, façade, and rolling scaffolds. Nord Coffrage S.A. was founded in 2000 and is based in Saultain, France.

Moustache Bikes

Acquisition in 2015
Moustache Bikes are a boutique electric bike manufacturer that has been designing and making Bosch-powered ebikes in France.

LGI Wines

Private Equity Round in 2015
LGI Wines is a provider of french wines and beverages.
The Adaming Group is a dynamic Digital Services Company that positions itself as the meeting point between digital transformation and the actors of these new mutations. Our ambition is to support young graduates in their future careers by offering them adapted training, ensuring their integration in the digital field. Implemented nationally and internationally, the Group also supports companies and major accounts clients from various sectors (Banking, Finance, Insurance, Healthcare, Telecoms, Public Sector, etc.).

Inomed Technology SA

Acquisition in 2018
Inomed Technology SA designs and manufactures customized sterilization trays for orthopedic, trauma, and spinal ancillaries. It offers star line plus, star line plus 14, spirit line, stack line, inowin line, and phoenix line products. The company also offers trays that support surgical instruments; marking types, including electrolytic marking, silk-screen printing, and shadow silk-screen printing. In addition, it offers accessories, including silicone mat, corners protection, name plate, and fixation plate. Inomed Technology SA was founded in 2006 and is based in Courtelary, Switzerland.

Proferm

Acquisition in 2018
Proferm is committed to providing you with high-end joinery combining technical prowess, aesthetics and reliability. The company strives to exceed the requirements of the carpentry market in terms of standards and procedures in order to constantly increase the level of satisfaction of our customers.

Mobilis Care & Carry

Acquisition in 2018
Mobilis Development SAS manufactures and markets protection devices and accessories for laptops and smartphones. The company was founded in 1993 and is based in Chavanod, France.

Primelis SARL

Venture Round in 2019
Primelis SARL provides search engine optimization solutions. The company was founded in 2009 and is based in Levallois-Perret, France.

Bel Air Fine Art

Venture Round in 2017
Bel Air Fine Art network of modern and contemporary art galleries. Since the opening of a first gallery in Geneva in 2004, the Bel-Air Fine Art group has settled in the most prestigious locations in Switzerland : Crans-Montana, Verbier and Gstaad. The group then pursued its growth with permanent locations in Europe (Paris Place des Vosges, Saint-Tropez, Venice, Pietrasanta, Knokke-le-Zoute, Cannes and more recently London), in Middle-East (temporary locations in Abu Dhabi, Dubaï and Beirut) and now in North America with a permanent gallery in Miami (Design District) and a temporary location in Miami Beach (Villa Azur). At the head of the group, father and son François and Grégory Chabanian attach great value to present a rich selection of internationaly acclaimed and emerging contemporary artists from different artistic movements.

EPSA Groupe

Acquisition in 2017
Epsa Group is a management and purchase consultancy.

Valtus Transition SAS

Private Equity Round in 2017
Valtus specializing in transition management for top management functions. The company supports companies in times of transformation, transition or crisis, by bringing in high-level external managers for limited periods.