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Press release

Montefiore Investment announces new record year in 2018

By 22 February 2019No Comments
  • Four new investments, and four new exits
  • Over 15% average topline growth across portfolio companies in 2018
  • Over 30% value creation in the portfolio
  • Montefiore Investment strengthens its position as the top-performing French GP over the long term

For several years now, Montefiore Investment has been recognized by French and international investors as the best-performing GP, both for its achievements and for those of the SMEs it partners with.

Key highlights of 2018 include:

1) Average topline and EBITDA growth of over 15%, across all 15 companies in the portfolio, for the 8 th year in a row. This result has been driven:

  • Half by organic growth – about 5 times faster than French GDP growth – and market share gains of each portfolio company
  • Half by external growth, with 14 transactions closed in 2018 by portfolio companies

2) Four new investments, creating French leaders in the following sectors: document archiving, distribution of saving plans, debt servicing and purchasing, and electronic security.

3) Four new exits, which crystalize the successful, transforming growth of portfolio companies:

  • Biolab, medical biology specialist, was acquired by Eurofins, a world leader in diagnosis, after having multiplied its revenues by 2.5 in just four years and built a leading position in its region.
  • DSO Group, receivables management specialist, merged with MCS, after having multiplied its activity by 3.1x in four years.
  • Montefiore Investment, together with Carlyle, sold a minority stake in European Camping Group to OTPP, a top-tier Canadian investor, after having accelerated the development of the European leader in mobile home holidays, with revenues multiplied by 4 in four years.
  • Montefiore Investment sold part of its investment in Voyageurs du Monde to Groupe CIC, three years after its initial investment, supporting a strong acceleration in the Group’s profitable growth, in France and internationally.