NBGI Private Equity increases the size of its first French fund to €100m.

Having completed its first acquisition in France (SPM – Boulangerie Thierry), NBGI Private Equity increases the size of its first French fund to €100 million.

Pavlos Stellakis, Chairman & CEO of NBGI Private Equity, commented: "These additional resources support our objective of accelerating the growth in our French operations, whilst maintaining a strong investment discipline".

Laurent Allégot of NBGI Private Equity commented: "The size of our French fund now fits perfectly with our chosen segment of 'Lower Mid-Market', which has remained very active in the midst of a general financial crisis. If we remain very selective and focus on the right opportunities during the next 2 to 3 years, we should be able to build a portfolio of quality assets that will benefit from a recovery in the economy".

NBGI Private Equity in France targets primarily two types of opportunities:
Those with strong growth potential, organic and/or by acquisition.
Those where operational efficiency can be significantly improved.

The NBGI Private Equity Group is a private equity firm managing approximately €900m through its various Funds, each dedicated to specific investment strategies across Europe.