A few months after becoming independent, Andera Partners completes fundraising for Winch Capital 4 at €445 million

 

The successful final close of Winch Capital 4 is a major milestone for Andera Partners, as it is the first fund raised since the management company became independent in March 2018. It reflects the renewed confidence of Winch Capital’s long-standing LP base and marks the arrival of new investors attracted by prior funds’ performance and the new status of the management company.

 

Paris, 3 December 2018 – After a first close at €360 million in July 2018, already above its initial target of €350 million, the fundraising of €445 million for Winch Capital 4 provides Andera Partners’ mid-cap strategy with an investment vehicle that is among the largest in its segment and whose size exceeds that of its predecessor by 50% (Winch Capital 3 – €300 million).

 

The success of this fundraising confirms the stability of the Winch Capital team, present in the French market for 20 years under the leadership of five managing partners (Sylvain Charignon, Antoine Le Bourgeois, François-Xavier Mauron, Pierre-Yves Poirier and Laurent Tourtois), who carried out 80 investments since the creation of Winch Capital. It also confirms the success of a consistent strategy of supporting executives-shareholders of growing SMEs / mid-cap companies (€30 million to €300 million in turnover) to enable them to scale up quickly, frequently in the context of primary transactions whereby the company opens its capital to institutional investors for the first time (nearly 60% of primary operations). Winch Capital 4 will mainly invest in France and Italy, like its predecessors, and occasionally in neighbouring countries such as Belgium, Switzerland and Spain where certain business owners, funds or intermediaries have identified Winch Capital as a partner of choice to support the change of scale of growing companies.

The focus of Winch Capital team is indeed helping executives-shareholders to scale up their company quickly:

  • By offering business owners the “Winch Capital programme”, which is based on six levers: governance, human capital, strategic acquisitions, international development, financial management and operational and digital transformation;
  • By committing the necessary firepower that will allow these SMEs / mid-caps to achieve their objectives: Winch Capital 4 will invest between €12 million and €50 million of its own capital and will be able to structure financing rounds of up to €80 million, thanks in particular to the support of its key LPs;
  • By dedicating significant human resources both in the investment phase and to support the managers during the life of the investment: the Winch Capital team, which has been reinforced over the last 18 months, consists of 15 seasoned professionals and will continue to grow in order to further acquire new specific expertise.

 

In recent years, the Winch Capital team has established itself, alongside talented managers, as the leading financial investor in companies that have experienced spectacular growth. Examples include French SMEs which, in just a few years, have transformed into international groups that are now unicorns valued at over €1 billion, such as Exclusive Networks and SFAM. Other companies, still in the portfolio, share a similar future, such as Scalian, Netco, Star Service, Minafin and Maesa, which have already doubled or tripled their turnover through both organic and external growth.

This is the first fundraising completed after the company became independent and without the long-time support of the Edmond de Rothschild Group. It confirms the confidence of Winch Capital’s long-standing LP base (FEI, BPI France, Sogecap, BNP Paribas Cardif, UMR, MACSF, Euro PE, Swen, among others) and its attractive positioning for new investors like Ardian, as well as foreign investors which now represent more than 15% of the fund. These new investors, known to Andera Partners for many years, were waiting for confirmation of its independence.

Over the past few years, Andera Partners has itself experienced the scale-up that it encourages and supports at all companies which it invests into: assets under management doubled in five years; first acquisition completed with ActoMezz in 2016; acquisition of 100% of the management company’s capital in March 2018.

 

This fundraising is the final phase of a flagship year 2018 for Andera Partners, says Pierre-Yves Poirier, Partner of Winch Capital and Manager of Andera Partners. It completes the renewal of the four franchises and enables Andera Partners to increase its market share by bringing its assets under management to €2.3 billion. The internationalisation of our development department, the expansion of our LP base and the level of maturity of our teams ensure the achievement of our objectives and the success of our upcoming fundraising campaigns.“

 

The Winch Capital 4 fund completed its first investment in July 2018 by partnering with the management team of the Skill & You group, the leader in distance learning in France. The team is currently at an advanced stage on other potential investments.

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TENTATIVE DE FRAUDE : À LIRE ATTENTIVEMENT
ATTEMPTED FRAUD: READ IT CAREFULLY (English below)

ANDERA PARTNERS attire votre attention sur les tentatives de fraudes avec usurpation d’identité qui sévissent actuellement. Les techniques de phishing (ou hameçonnage) évoluent en permanence et sont de plus en plus sophistiquées.

Ces pratiques frauduleuses qui touchent ANDERA PARTNERS, invitent les particuliers à investir dans des comptes à terme et autres produits d’épargne fictifs sous l’identité d’ ANDERA PARTNERS (Andera Co-Invest notamment), et celles de ses collaborateurs et membres des organes de direction, via une adresse fictive et des appels téléphoniques.

Nous vous invitons à la plus grande vigilance si vous receviez ce type de sollicitations. ANDERA PARTNERS ne propose pas de compte à terme et n’a recours à aucun démarchage auprès du public, ni par téléphone ni par courriel.

Les fraudeurs ne manquent pas d'imagination pour piéger leurs victimes. Leurs actions visent à récupérer à leur insu et de manière indue des données financières, en incitant leurs victimes à réaliser des transactions dématérialisées.
En cas de doute, pour vous protéger et protéger ANDERA PARTNERS, nous vous invitons à :

*   Vous méfier des demandes inattendues, même si elles semblent provenir de dirigeants ou membre d’organes de direction d’ANDERA PARTNERS ;

*   Vérifier l’adresse de l’expéditeur. Les adresses électroniques des collaborateurs d’ANDERA PARTNERS utilisent un seul et même format : initialeduprénom.nom@anderapartners.com. Les adresses globales sont ainsi libellées : nomduservice@anderapartners.com ;

*   Ne jamais cliquer sur un lien vous demandant de partager des informations sensibles et ne jamais répondre à des demandes financières en ligne ;

*   Signaler tout message suspect qui vous demande une action immédiate.

La priorité d'ANDERA PARTNERS est de protéger ses clients et ses activités contre la fraude.
Si vous êtes victime d'une tentative d’escroquerie, veuillez contacter les relations investisseurs à l’adresse suivante : ri@anderapartners.com

Liens utiles :

LISTE NOIRE DES SOCIÉTÉS FRAUDULEUSES ÉTABLIE PAR L’AMF (AUTORITÉ DES MARCHÉS FINANCIERS) : https://www.amf-france.org/fr/espace-epargnants/proteger-son-epargne/listes-noires-et-mises-en-garde

VICTIME D'UNE ARNAQUE : COMMENT DÉPOSER UNE PLAINTE ? | AMF (AMF-FRANCE.ORG) : https://www.amf-france.org/fr/espace-epargnants/savoir-bien-investir/conseils-pratiques/en-cas-de-problemes/victime-dune-arnaque

_____________________________________________________________

ANDERA PARTNERS would like to draw your attention to fraud attempts involving identity theft that are currently rife. Phishing techniques are constantly evolving and becoming increasingly sophisticated.

These fraudulent practices, which affect ANDERA PARTNERS, invite individuals to invest in term accounts and other fictitious savings products under the identity of ANDERA PARTNERS (Andera Co-Invest in particular), and those of its employees and members of the management company, via a fictitious address and telephone calls.

Please be extremely vigilant if you receive this type of solicitation. ANDERA PARTNERS does not offer term accounts and does not canvass the public by telephone or e-mail.

Fraudsters do not lack imagination to trap their victims. Their actions are aimed at unknowingly and improperly recovering financial data, by encouraging their victims to carry out dematerialised transactions.
If in doubt, to protect yourself and ANDERA PARTNERS, we invite you to :

* Be wary of unexpected requests, even if they appear to come from ANDERA PARTNERS managers or members of management bodies;

* Check the sender's address. The e-mail addresses of ANDERA PARTNERS employees use a single format: initialeduprénom.nom@anderapartners.com. Global addresses are written as follows: nomduservice@anderapartners.com ;

* Never click on a link asking you to share confidential information and never respond to online financial requests;

* Report any suspicious message that asks you to take immediate action.

ANDERA PARTNERS' priority is to protect its customers and its business against fraud.
If you are the victim of a fraud attempt, please contact Investor Relations at the following address: ri@anderapartners.com

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