The competitive market structure has not really undergone a total overhaul but some noticeable transactions have induced some changes, such as the sale by Natixis of most of its private-equity unit (Initiative et Finance, IXEN, etc.) to Axa PE, the signing of a partnership between Siparex and UFG, the sale of AGF PE to IDI. On the contrary, turnover in investment teams has considerably increased.
In Jaccar’s competitive landscape, main competitors include the following :
+ small caps PE funds such as Initiative & Finance, MBO Partenaires, Acto, OFI PE, Ciclad, etc.
+ mid caps PE funds such as Atria, Perfectis, TCR, etc.
+ upper mid PE funds such as Astorg, Sagard, Barclays, LBO France, etc.
+ but also family holding conglomerates such as FPP, Wendel or Rallye, etc.
