DDA & Company advises Chestone Investment Group on the sale of Essling Capital, an investment platform specialized in unlisted assets, to Domnin de Kerdaniel and Filippo Monteleone

Launched in 2017 following the spin-off of Massena Partners’ private equity business initiated by Frank Noël-Vandenberghe, Essling Capital is an independent management company offering relevant investment solutions across a wide range of private equity asset classes, through:

Co-investment in Europe and the United States
Lead investment Small & Mid Cap, targeting high growth companies in the digital, healthcare and B2B services sectors

Approved and regulated by the AMF, Essling Capital currently manages €450 million in unlisted assets.

Domnin de Kerdaniel (former CVC Capital Partners, 3i and KKR) and Filippo Monteleone (Founding Chairman of CAREIT and former Managing Director of Ramsay Générale de Santé) became respectively President and Chairman of the Supervisory Board of Essling Capital. They will proceed to develop the investment strategy with the current teams (Essling Co-Investment and Essling Expansion) and intend to launch a dedicated European healthcare investment initiative in the near future.

“After the launch of Essling Capital, I am pleased to be able to pass the torch to Domnin de Kerdaniel and Filippo Monteleone for the further development of this investment platform. During our recent collaborations on a number of transactions, both completed and not, I have been able to value their complementarity with the current teams.”, says Frank Noël-Vandenberghe.

Didier Choix, Partner at DDA & Company, said: “The sale process, although very focused at the outset, generated a lot of interest and it was the business plan proposed by Domnin and Filippo, two entrepreneurs with an impressive track-record, that won us over.”

DDA & Company advised Chestone Investment Group and Frank Noël-Vandenberghe in this transaction, with a team consisting of Didier Choix and Nhu Quynh Golder.

Stakeholders in this Transaction

Sellers

M&A advisors: DDA & Company (Didier Choix, Nhu Quynh Golder)
Legal: Joffe & Associés (Olivier Dumas, Virginie Belle, Océane Christmann)

Acquirers

M&A advisors: Clearwater International (Thomas Gaucher)
Financial advisors: Eight Advisory
Legal: Dechert & Scotto Partners

About Private investors

Domnin de Kerdaniel has over 30 years of experience in finance in Europe, Asia and North America, precisely in private equity for the last 20 years. He has focused primarily on the Mid and Large LBO segments (including Zumtobel/Wassall, Legrand, SeLoger and Delachaux).

For more than 15 years, Filippo Monteleone has been in charge of the management of the first private hospitalization group in France, Ramsay Générale de Santé. He founded CAREIT, the first real estate services platform entirely dedicated to healthcare and supports the healthcare system transformation by assisting innovative operations and initiatives.

Domnin de Kerdaniel and Filippo Monteleone began their careers together at Worms & Cie. They joined forces 5 years ago to develop a healthcare investment platform in Europe.

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