Latour: Strengthening Growth with AXA and Patria Investment
Deal News | Jan 22, 2025 | Goodwin
Latour Capital, a French management company, has secured a minority investment from AXA Investment Managers and Patria GPMS. This investment reflects a strategic move for Latour Capital to reinforce its institutional position and expand its presence both across Europe and internationally. The investment will see the two investors holding minority stakes while control remains with Latour’s co-founders, Cdric Bannel and Philippe Loni. The transaction, however, is contingent on regulatory approvals. Goodwin Paris Private Investment Funds team provided legal counsel during the transaction with a multi-faceted team involving members skilled in fund and corporate aspects, as well as taxation. The additional capital injection is purposed to enable Latour Capital to accelerate its growth trajectory and better support its portfolio companies going forward.
Sectors
- Private Equity
- Asset Management
Geography
- France – Latour Capital and AXA Investment Managers are based in France, which is the primary geographical focus of this transaction.
- International – The transaction aims to strengthen Latour Capital’s presence both in Europe and internationally, suggesting broader geographical implications.
Industry
- Private Equity – Latour Capital operates in the private equity space and has received investments from AXA and Patria GPMS, which are both involved in asset management and private equity.
- Asset Management – AXA Investment Managers and Patria GPMS are major players in the Asset Management sector, investing in Latour Capital to increase institutional presence.
Financials
- Unknown – The financial terms of the minority investment transaction are not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Latour Capital | Target Company | Companies | A French management company looking to expand its institutional reach with new investments. |
| AXA Investment Managers | Investor | Companies | A French institutional investor acquiring a minority stake in Latour Capital. |
| Patria GPMS | Investor | Companies | An asset manager listed on the Nasdaq, acquiring a minority stake in Latour Capital. |
| Cdric Bannel | Co-Founder | People | Co-founder of Latour Capital retaining control despite the new minority investments. |
| Philippe Loni | Co-Founder | People | Co-founder of Latour Capital retaining control despite the new minority investments. |
| Goodwin | Legal Advisor | Companies | The law firm advising Latour Capital and its partners in the minority investment transaction. |