Private equity firms Andera Partners and Trocadero Capital Partners have acquired a stake in French training provider Pegase Group.

Andera invested through Andera Croissance, while Trocadero deployed capital via Trocadero Croissance & Transmission III fund. BNP Paribas and Caisse d’Epargne Normandie provided a debt package to support the deal.

The investment will enable Pegase to strengthen its capital structure, accelerate its organic growth and pursue a targeted external growth strategy across France, according to a statement.

Founded in 2015 by its current managing directors Fouad Haddouchi and Jean-Cedric Pedinotti, Pegase offers training courses in logistics and transport of goods and people via two brands: FormaLogistics and Cab Formations.

The company is headquartered in Tremblay-en-France and operates five training centres in Paris and Lyon, employing 90 staff. Pegase expects to generate revenue of €24 million in 2022.

The company was advised by Kray&Co, Soris Avocats and GT Expertise, while the investors were advised by ACA Nexia, Stephenson Harwood and Reed Smith.

Date published: 11 May 2022

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