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Equance acquires Segefi

Paris (France), October 18th, 2022,

Following Calcium Capital’s investment in the Company at the end of May 2022, Equance carried-out its first acquisition with Segefi, a French wealth management company.

In 1997, Yves Coudrin founded Segefi, a wealth management firm based in Strasbourg. Jérôme Jabaud joined the company in 2011 to develop the business in Paris. Segefi now employs 7 people and has a sound reputation in Eastern France and in Paris. The Company is recognized for its expertise in structured and private equity products and has built overtime a portfolio of loyal and VHNI clients composed of families, entrepreneurs as well as small- and medium-sized company’s managers and shareholders.

Founded in 2005 and headquartered in Montpellier (France), Equance is the leading wealth management company for French expatriates. The Company’s distribution network is composed of c. 50 consultants based in Asia, Oceania, North & South America, Europe, Africa, Middle East as well as in France (Paris and Occitania). Equance’s clients live in more than 100 different countries around the world.

With the acquisition of Segefi, Equance fulfils its ambition to strengthen both its territorial coverage in France and its business expertise through external growth.

Yves Coudrin, Founder of Segefi: “We chose Equance over the many players who approached us, because of its people, the common values we share with them and its attractive project for the team. Joining forces with Equance was the obvious and logical choice for Jérôme, the team and myself ! I now look forward to investing my time and energy in this extremely exciting project for the next years to come.”

Jérôme Jabaud, Managing Director of Segefi Capital: “Our partnership with Equance will allow us to become a key player in France. I am very proud to be part to this amazing project and I will use all my skills to make it a true success. We have had a great run with Yves and we are now deeply convinced that the best is yet to come.”

Olivier Grenon-Andrieu, Founder of Equance: “When I first met Yves and Jérôme, I immediately knew that we were meant to work together. We share a common entrepreneurial spirit and both of our teams are well-known for their professionalism and expertise. Besides, Yves and Jérôme have centered their company around a core value that is essential to me: caring. Our business project is very exciting and Segefi’s team will be our main driving force for the development in France. We are very happy and proud that they chose to join Equance.”

Didier Bujon, CEO of Equance and Chairman of Segefi: “This merger operation with Segefi is the first step of our external growth strategy and we intend to respect the DNA of each company. The main objective of this partnership is to strengthen the resources we provide our consultants with (IT, Marketing, regulatory etc.) while preserving the business methods that have contributed to our development so far. With this acquisition, we will be able to provide all of our clients with a more complete offer.”

Financière de Courcelles is delighted to serve Equance in this first major acquisition. This mission reflects Financière de Courcelles’ specific Augmented M&A approach which combines (i) strong sector expertise in FIG and (ii) long-term client support to accelerate value creation.

List of advisors:

Buy Side:

  • Company: Equance Gestion Privée Internationale (Olivier Grenon-Andrieu, Didier Bujon) 
  • PE fund: Calcium Capital (Cédric Duchamp, Antoine Gravot, Louis Michel)
  • Financial advisor: Financière de Courcelles (Michael Petit, Christophe Brière, Julien Page)
  • Legal counsel: Eleom Avocats (Didier Puech)
  • Financial due diligence: Exco VFA Audit (Jeanne Gaye, Maimouna Diallo)
  • Tax due diligence: Exco VFA Audit (Jacques Tardy)
  • Legal due diligence: Exco VFA Audit (Catherine Durrieu, Céline Giroire)

Sell Side:

  • Company: Segefi (Yves Coudrin, Jérôme Jabaud)
  • Financial advisor: PwC (Antoine Grenier, Adrien d’Alincourt, Quentin Duprez, Juliette Courret)
  • Legal counsel: Avenue 52 Avocats (Julien Brech) and Ixis (Xavier Sennes)
  • Vendor Due Diligence: Oderis (Aurélien Vion, Eddy Chagué)

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