Next Wave Partners Launches International Alliance.
Next Wave Partners LLP and Capital Croissance have established an International Alliance for growth capital private equity firms to support their portfolio’s international expansion. The International Alliance, branded “Small World Private Equity Alliance” will form a group of like-minded growth capital investors to aid their portfolio’s international growth. Management teams in portfolio companies and investment professionals across the network will benefit from the local market knowledge and expertise of each alliance member, bringing the scale and benefits otherwise available to large Private Equity firms to each Alliance member.
Next Wave’s core portfolio companies are experiencing fast international expansion. Innovative plastics packaging business Petainer has expanded into India, Russia, USA and Brazil from its European headquarters. E-commerce logistics business The Delivery Group has experienced dramatic growth of its international operation, whilst business intelligence and data analytics group, Future Thinking has created a pan-European and Middle-East business with offices in France, Bulgaria and Dubai. This international expansion has been a key driver of growth which has seen these companies grow revenues by an average of 36% during the last year and 390% across Next Wave’s investment period.
The first member of the Alliance with Next Wave Partners is Capital Croissance, a Paris-based buyout capital investor with a fund of €76 million. Discussions are ongoing with potential alliance partner firms in China, USA, Germany and Spain.
Carolyn Maddox, Partner at Next Wave Partners, said “We are excited by the opportunities this network will provide to our portfolio companies. International expansion has been a key driver of our portfolio companies’ growth in value over recent years and we believe that forming a close alliance with like-minded growth capital investors around the world will be a major advantage going forward. To go global, we need to think local.”
See the Real Deals article here: https://realdeals.eu.com/news/2017/06/22/next-wave-capital-croissance-form-alliance/
About Next Wave Partners LLP:
Next Wave Partners (NWP) is a UK based private equity fund manager focused on investing transformational growth capital. NWP raised its first external fund in 2007 and now has assets under ownership of €350 million. The firm invests in fast growing, established businesses with strong positions in developing markets and clearly identifiable growth opportunities. NWP targets companies in the business services and consumer products sectors. It is currently making investments from its new institutional fund, Next Wave Partners III. (www.nextwavepartners.co.uk)
About Capital Croissance:
Capital Croissance was founded in 2012 and is a French based independent entrepreneurs’ fund. The firm invests between €2m and €15m in French SMEs with a high growth potential to enable them to be successful mid-cap companies. It provides capital and support from its large network of 110 private investors (entrepreneurs, business leaders, families, etc.) and invests in MBOs, MBIs and growth capital opportunities (www.capitalcroissance.fr)