ING Parcom Private Equity becomes Parquest Capital and manages

Press release
ING Parcom Private Equity becomes Parquest Capital and
manages a new fund of € 300 million
Paris, 29 April 2014. ING Parcom Private Equity, a French subsidiary of Parcom Capital (ING Group)
dedicated to investing in SMEs since its inception in 2002, now becomes independent and is renamed
Parquest Capital. This has been achieved with the support of NN Group N.V., the insurance company
arm of ING Group, which remains the cornerstone investor in the new € 300 million fund, Parquest
Capital, raised at this occasion. In addition to NN Group N.V., this vehicle gathers around ten top
investors led by LGT Capital Partners, Idinvest and Five Arrows.
Parquest Capital will follow on the successful investment strategy implemented by the ING Parcom
team for more than ten years: investing in SMEs (acquisition of non-strategic subsidiaries of
industrial groups, family-owned business transfers and secondary MBOs) valued between € 30
million and € 150 million, with a long term relationship approach.
Since 2002, the Parquest Capital team has realized 14 investments across various sectors to which
must be added 36 external growth acquisitions (i.e. build-up) to support the development of the
portfolio companies among which are included Unither, Safic-Alcan, Courtepaille, 5àSec, Materne Mont Blanc, Sogec marketing, Vivalto Santé, B & B Hotels... An activity level making Parquest Capital
a leading investment player in the lower mid-market segment.
"We are very pleased with the confidence placed in us by NN Group N.V., LGT Capital Partners and all
the investors that have joined our new fund. The Parquest Capital team, which has shown for more
than ten years its ability to support companies and their managers in their development projects, will
continue its work with passion and enthusiasm thanks to reinforced resources. We should be able to
announce the first investments of the Parquest Capital fund in the coming weeks", said Denis Le
Chevallier, Partner of Parquest Capital.
Parcom Capital B.V.
"The Parquest Capital team has successfully managed our assets in private equity in France for over
ten years and we have great confidence in their ability to keep on with the same success going
forward. We are thus happy that NN Group N.V. remains a significant minority shareholder in the
new fund managed by Parquest Capital", said Erik Westerink, Managing Partner of Parcom Capital
B.V.
LGT Capital Partners
"LGT Capital Partners is very pleased to have the opportunity to back the Parquest team in its new
development phase, in a market segment which will continue to bring very interesting investment
opportunities. This situation is another illustration of LGT Capital Partners’ ability to lead complex
spin-off transactions from major financial institutions", said André Aubert, Partner of LGT Capital
Partners.
Advisors
NN Group N.V.: Lazard (Financial Advisory), Stibbe / Herbert Smith (legal)
LGT Capital Partners : Reed Smith (legal)
Parquest Capital : Clifford Chance (legal)
Contact Parquest Capital
Capmot
Jean-Philippe Mocci
T : +33 1 81 70 96 33 | M : +33 6 71 91 18 83
E-mail: [email protected]
Alexis Valero
T. +33 1 81 70 96 34 | M : +33 6 67 27 60 12
E-mail : [email protected]
Contact LGT Capital Partners
Raphael Paglia, Executive Director
T: +41 55 415 9600
E-mail: [email protected]
Note for the Editors:
About LGT Capital Partners (www.lgtcp.com)
LGT Capital Partners is a leading alternative investment specialist with over USD 50 billion in assets
under management and more than 400 institutional clients. A large, international team is responsible
for managing a wide range of investment programs focusing on private markets, liquid alternatives
and multi-asset class solutions. Headquartered in Pfaeffikon (SZ), Switzerland, the firm has offices in
North America, Europe and Asia.

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