Motion Equity Partners
Private | |
Industry | Private equity |
Predecessor | Electra Partners Europe |
Founded | 1989 |
Headquarters |
Paris, France Milan, Italy |
Products | Leveraged buyout, Growth capital |
Total assets | €2.5 billion |
Number of employees | 15 |
Website | www.motion-ep.com |
Motion Equity Partners is a private equity firm focused on leveraged buyout and growth capital investments in European middle-market companies across a range of industries.
The firm, has offices in Paris and Milan. It was founded in 1989 as Electra Partners Europe and affiliate of Electra Private Equity, a listed investment trust. The firm has raised approximately €2.5 billion since inception across three funds.
History
Motion Equity Partners raised its first fund in 2000, with €1.0 billion of investor commitments. Among the investments in that portfolio were Rank Leisure, Azelis, Baxi, Safety-Kleen, Aliplast, Global Solutions, Covenant Healthcare and Ashbourne Healthcare.
In 2005, it completed a spinout from its investment trust parent.[1] It raised its second fund the following year, with total commitments amounting to €1.25 billion.[2]
Led by Managing Partner Patrick Eisenchteter,[3] the firm rebranded as Motion Equity Partners in 2011 as it refocused its activities on its two best-performing offices, Paris and Milan. In 2013-14, the firm raised a new €100 to €150 million fund from HarbourVest Partners.[4] It has since made three investments in Cellular Line (Italy, 2014), CDL (France, 2014) and Altaïr (France, 2016).[5]
The firm's investment strategy is based on taking control positions in mid-sized companies across Europe, with a particular focus on growth through "buy & build" and international expansion.
See also
References
- ↑ Electra spin-out delays fundraising. Dow Jones Financial News, May 27, 2005
- ↑ Electra Partners Europe renames itself Cognetas, opens new office in Italy. AltAssets, September 6, 2006
- ↑ http://motionequitypartners.com/modules/cms/ourteam1.php
- ↑ Chassany, Chassan (14 November 2013). "Motion Equity Partners in talks to quit ‘zombie’ status". Financial Times. Retrieved 5 May 2015.
- ↑ http://motionequitypartners.com/modules/cms/ourteam.php
- Cognetas in debt talks at clutch of portfolio cos. Reuters, Jan 22, 2009
- Cognetas to stand by Covenant despite writing equity to zero. July 22, 2009
- Cognetas reveals Europe job cuts. Dow Jones Financial News, December 19, 2008
External links
- Motion Equity Partners (company website)
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