9 May 2014
Clifford Chance advises ING Parcom Private Equity (which is to become Parquest Capital) on the process of becoming independent and on the creation of a new €300 million fund
The international law firm Clifford Chance advised Parquest Capital, formerly ING Parcom Private Equity, subsidiary of Parcom Capital (ING Group) dedicated to investment in SMEs, on the process of becoming independent and in the creation of a new €300 million fund.
Parquest Capital's decision to become independent from Parcom Capital is realised with the support of the NN Group NV, the insurance company of ING Group, which remains the principal investor in the new €300 million fund, Parquest Capital 1, raised for this occasion. In addition to NN Group NV, a dozen investors make up the panel.
Parquest Capital will continue to pursue the strategy implemented by the ING Parcom team more than ten years ago, which is based on the investment in SMEs valued at between 30 and 150 million euros. In line with the strategy implemented by ING Parcom, Parquest Capital will support the SMEs in the long term. The supported companies include Unither, Safic-Alcan, Courtepaille, 5àSec, Materne-Mont Blanc, Sogec marketing, Vivalto Santé, B&B Hotels…which makes Parquest Capital one of the major players in investment in the lower mide-market.
Clifford Chance advised Parquest Capital with a team comprising Xavier Comaills (Partner), Marie Préat and Diane Campion de Poligny for the structured funds aspects, and Gilles Lebreton (Partner), Marie-Aude Kfouri and Alexandre Percepied for the corporate aspects.