The Luxembourg-based investment outfit Luxempart will “take up to a circa 43%” stake in the estate genealogy services provider Coutot-Roehrig and “deploy circa €57m” to fund its growth.
Luxempart is buying the stake from the private equity shop Capza, which invested in Coutot-Roehrig four years ago. The majority shareholder will remain Guillaume Roehrig, who heads the 130-year-old firm.
“Luxempart will support the group in its strategy to grow both thanks to organic development in its existing markets, but also to develop through external growth in European markets not yet covered,” Olaf Kordes, managing director of Luxempart, stated in a press release on 19 April.
Luxempart is a publicly listed investment firm with roughly €2.2bn in assets under management. The company said it focuses on “investing equity tickets ranging from €50m up to €100m in the Dach region [Germany, Austria and Switzerland], France, Belux and northern Italy.”
Capza, based in Paris, “offers financing solutions to small and mid-cap companies at every stage of their development.”
Coutot-Roehrig “helps legal officers (mainly notaries) in identifying and locating heirs in case of inheritances without heirs.” It has offices in several European countries, including Luxembourg, and posted turnover “in excess of €70m” in 2022, Luxempart stated.
The transaction, which requires regulatory approval, is expected to completed by “late June 2023.”