Philippe Guérin

Provides waste management and treatment services

LBO France is an active manager which invests in small- to medium-sized French or French-managed companies across a variety of sectors. The firm takes majority or controlling minority positions in companies valued between 10 million to 2.5 billion euros across manufacturing and services sectors, seeking to invest in profitable, market-leading businesses with growth potential. LBO France always takes a seat on the Supervisory Board of their investee companies, supporting management with strategic decisions and not interfering with day-to-day management. The firm invests in a limited number of companies, generally holding an investment for three to seven years, seeking to realize investments by finding a trade purchaser or arranging a secondary LBO or an IPO. For small-cap investments, LBO France focuses exclusively on unquoted companies with enterprise values of 10 to 50 million euros which have predictable revenue, profit and cash flows, excellent potential for growth or consolidation and a solid business plan offering good prospects for increasing valuation. For medium-sized firms with an enterprise value of 0.1 to 2.5 billion euros, the firm employs either a continuity or transformation strategy. Their continuity strategy utilizes leverage to acquire a majority stake in companies with predictable sales, profits and cash flow, a competitive cost structure or one that may be rapidly improved, a capable existing or potential management team and a strong market position and possible market leadership. Investee companies may be family-owned companies or subsidiaries or divisions of major groups. The firm's transformation strategy involves taking a majority or a minority position in companies with distinct and disposable business activities, under-utilized assets, substantial market share and a competitive advantage. They focus each company on their fastest-growing businesses and markets and sell their other businesses. They seek to increase operating margins by reducing costs, freeing up working capital and developing new business and set up management teams using performance-based remuneration to motivate them. LBO France's real estate team specializes in the French property sector, investing in all asset types and market segments including property companies, properties that generate capital gains (held from three to five years) and income properties (held for over five years). The firm's real estate team targets investments with asset values greater than 30 million euros.

Chequers is an active private equity investment manager specialized in acquiring controlling stakes in mid-market French companies through LBO transactions. They also participate in shareholder restructuring operations and invest in expansion financing. Chequers seeks to acquire controlling minority or majority stakes in established companies with stable cash flow. They invest in traditional industries across sectors, avoiding technology and real estate. Chequers has invested in data processing, tax advisory, airborne cargo, specialized equipment, apparel, special material manufacture and distribution, vision correction, food manufacture, catering, healthcare and gaming. Chequers targets family-owned businesses and business units marked for spin-off from large corporations. The firm sources deals through their extensive and long-established network of contacts.

Provides financial advisory services

Provides waste treatment services

Functions as a College/University

Functions as a College/University