Parquest, a Paris, France-based independent mid-market private equity firm, closed its Parquest III, with total limited partner commitments of €414M.
The fund received commitments from existing limited partners, as well as fifteen new investors from across France and internationally.
The size of the fund will allow Parquest to expand its presence in France and explore partnering with international businesses operating specifically within the B-to-B services and healthcare sectors. The Fund is already 25% deployed, with the firm having completed three new investments and poised to complete a fourth.
The team now consists of 15 professionals and has been bolstered over the past 18 months with the arrival of three new Associates in Vincent Richard, Gabriel Mimran and Léa Plissonneau, and two operating partners in Blandine Surry and Paul Boursier, who respectively serve as ESG Senior Advisor and Finance & Buy-and-Build Manager.
The firm has also appointed Juliette Piante and Adrien David as Investment Directors to work alongside Marion Mazzariol, while Camille Coutelet and Guillaume Brian were promoted to Partner. Parquest III will be overseen by a new governance structure, with Pierre Decré taking over as Chairman and Denis Le Chevallier will continue to support the new fund.
FinSMEs
12/06/2024