The Paris Private Equity team advised Parquest Capital, a French private equity firm, on a recent majority OBO by the management team of JVS group, a French software publisher and IT solutions provider.
This operation will result in the exit of the company’s founder as well as private equity funds Apax Partners Development, Bpifrance and UI Gestion (currently minority shareholders).
Via this transaction, which is consistent with the group's capital history (majority-owned by its management since 2008), Parquest Capital will acquire more than 30% of the company’s equity from the founder of JVS. As a minority shareholder alongside Bpifrance, Parquest Capital aims to support the management team in implementing their growth strategy, both organic and external, and in continuing to enrich JVS’ service offerings.
Parquest Capital is an independent investment firm with a well‐established franchise on the French mid‐market segment. JVS is a publisher of management software for local authorities. The company, which specializes in fitting out small and medium-sized municipalities, had turnover of c. €30 million in 2019.