Idi is to sell up to 49% of AGF PE

Six months after buying AGF Private Equity to the detriment of Axa PE, Idi is preparing to sell a minority stake in the capital.

According to WanSquare's information, Christian Langlois-Meurinne's fund is to start discussions with the senior managers of the management company, which could result in it selling them up to 49% of the capital. Christophe Bavière and Benoist Grossmann, who are currently Chairman and Chief Executive Officer of AGF PE, have already indicated their interest, and a decision will be made about a procedure that will enable the senior managers to become shareholders, based on the traditional private equity fund model.

The discussions will start in the near future and should be concluded by the end of the year. It will be recalled that when it got its hands on AGF PE last December, Idi extended its activities to funds of funds (with 2 billion euros under management) and to venture capital (with 500 million under management), and strengthened its third party investor clientele.