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Focus

An investor specialised in supporting the growth of service companies

Since 2005, Montefiore has taken stakes in fast-growing, profitable SMEs and mid caps, acting primarily as a majority investor.

Our core strategy is based on two elements: Focus, our sector specialisation on services, and Growth, our emphasis on accelerating the profitable growth of companies to help them get to the next level.

We are currently deploying our sixth generation of funds.

Business services
Digital and technology
Consumer services
Leisure and tourism
Healthcare
Financial services

Following a call by Caisse des Dépôts and France Assureurs to support the tourism industry during the Covid-19 crisis, in 2020 Montefiore was chosen on the strength of its track-record to manage and deploy the Nov TourismeRelance durable fund, worth almost €200 million.

The fund’s goals are to bolster the equity of firms in the industry to safeguard investments, step up efforts to adapt to structural challenges, lay the groundwork for the rebound and promote the emergence of a new generation of champions.

The team, made up of six sector experts, invests between €5 million and €15 million per company, typically acting in a minority shareholder capacity.

Founded in 2008 by Arnaud Delattre and Emmanuel Gaudé, Starquest backs entrepreneurs with bold ideas for areas that will play a key role in the green transition, including clean-energy generation, more efficient and virtuous industrial and agricultural processes, waste recovery and the circular economy. These are vital themes not just for the future of the planet, but also for France’s reindustrialisation and European technological sovereignty.

In 2022, Starquest joined forces with Montefiore to accelerate its positioning in high-impact investing. The 12-person team invests between €1m and €10 million per company, typically taking minority stakes.

Since its inception, Starquest has posted an average IRR of 21% and supported the creation of more than 2,000 jobs.

MONTEFIORE INVESTMENT VI
Mid-cap buyout
Investment sector: services
Stakes: majority (+ minority)
Fund size: €1.4bn
Investment ticket: €40m-€200m
Business value: €100m-€500m
Montefiore Investment Expansion
Small-cap buyout
Investment sector: services
Stakes: majority (+ minority)
Fund size: €450m
Investment ticket: €20m-€40m
Business value: €50m-€100m
NOV TOURISME
Small-cap flex equity
Investment sector: tourism and leisure
Stakes: minority
Fund size: €180m
Investment ticket: €5m-€15m
Business value: <€20m
STARQUEST
Venture Capital
Investment sector: greentech
Stakes: minority
Fund size: €300m
Investment ticket: €1m-€10m
Business value: €10m-€40m

Selection of investee companies