Christophe Bavière, CEO of Idinvest, talks to Unquote about tech gaining traction in French private equity
Small-cap buyouts and expansion deals fueled the growth in French deal volume during 2017, with tech startups proving increasingly popular among buyout houses. "The French market is too mature for a new wave of first-time fundraisers," says Idinvest CEO Christophe Bavière. As a result, there has been a greater focus on specialisation, especially in the lower end of the market. "Rather than new investors fundraising for the first time, we're seeing established investors setting up new vehicles that are much more sector-specific," he says.