The fund is supported by leading investors such as Bpifrance and the European Investment Fund (EIF), as well as several family offices and entrepreneurs.und, Arcole intends to invest in a dozen companies, with equity securities that can vary according to the types of investment, and which can reach €20 million.
The Reed Smith team working alongside Arcole to set up the fund was led by Baptiste Gelpi (partner, FIG) and Audrey Minnie (paralegal, FIG). They were joined by Caroline Ledoux (partner, Corporate) and Charlotte Grolimund (senior associate, Corporate) who helped on the corporate aspects relating to the creation of the asset management company.
Arcole was founded by three partners, Renaud Sueur, Delphine Inesta and Alexandre Bachelier, who have been working together for the past 12 years in turnaround investment within the holding company Arcole Industries.
The team benefits from a recognised operational know-how and a very detailed understanding of operational issues, which has enabled them to successfully complete the redeployment of 12 French SMEs and mid-cap companies.
Other legal advice on the transaction:
- Simmons & Simmons Luxembourg, for the EIF
- Chammas et Marcheteau, for Bpifrance