News

IQ-EQ France extends mandate with Latour Capital following billion-euro fundraise

We’re pleased to share that IQ-EQ France has extended its mandate with Latour Capital, a longstanding client, after the private equity firm attained €1 billion in its latest fundraising.

Latour Capital is an independent French management company with over €1.6 billion under management. It is managed by two of its founders, Cédric Bannel and Phillppe Leoni, along with Didier Gaudoux and Maxime Gutton.

Latour is a formidable player within the French market. At the end of last year, the firm secured significant press coverage for achieving an incredible €1 billion final close of its third fund, Latour Capital III. This was an exceptional amount for the French market, triple the size of Latour’s previous fund raised in 2015, and particularly impressive considering Covid-19 turbulence. Latour’s first and second funds achieved final closes of €115 million and €306 million respectively.

Investors are primarily pension funds, sovereign wealth funds, financial institutions and funds-of-funds in Europe, North America, Australia, Asia and the Middle East. Latour’s investment approach is generalist, with a particular focus on the business services sector. Investment activity tends to consist of acquiring majority stakes in the operations and spin-offs of large companies across Europe, primarily in France.

Peru & Partners, an IQ-EQ subsidiary specialised in supporting the French private equity market, is proud to have serviced Latour for the last decade across a range of service needs. The team’s provision of CFO advisory, accounting and AIFM valuation services has now been extended to include SPVs of Latour Capital III and this will be a long-term engagement.

Sébastien Péru, IQ-EQ’s Head of Fund Services in France, commented: “We’re thrilled to be extending and expanding our long-term partnership with Latour Capital. We’ve been really impressed by the stratospheric success of their latest fund and look forward to supporting Latour as they continue to prosper in their future ventures.”

Cédric Bannel, Founding Partner of Latour Capital, said: “Peru & Partners has been a huge asset to Latour over the years, providing high-quality and comprehensive support as we build our business and heighten our fundraising and investment ambitions. Following Latour Capital III’s fantastic final close, we are pleased to be continuing our collaboration with the IQ-EQ group and are pleased to have them by our side as we move forward with our investment strategy.”