Deals round-up: PRIVATE EQUITY – SPEF/Kouro Sivo

SPEF Banque Populaire in May led an expansion funding for marketing services group Kouro Sivo. Following the capital increase, an investor group headed by SPEF and including BP Lyon and Avenir Entreprise Group held more than 20 per cent of Kouro Sivo’s equity alongside Fondateur, the majority owner.

Now thirteen years old, Kouro Sivo has offices in Paris, Lyon and Annecy and is shortly to open for busines in Marseille. The agency’s clients include Cinna, Ligne Roset, Mobalpa, Dalitem, Fort, Perrier, Telefleurs, La Poste, Diner’s, HP and Allium, and the company last year generated gross revenues of FFr 45 million (EURO6.9 million).

The new capital will enable Kouro Sivo to enhance its internal resources and also to expand its affiliates, namely: Courant Chaud, a conference and business travel specialist; incit.com, which provides e-business solutions; Cadeaux International Affaires, a business gift source and supply group; and catalogue designer and publisher San Marco.

Kouro Sivo expects to grow revenues by a further 30 per cent during the current year, when it also aims to establish a presence in London and Barcelona.