NBGI Private Equity France makes first investment

The newly-created French arm of UK mid-market firm NBGI Private Equity has completed its first investment, SPM – Thierry Bakery.

The business specialises in supplying Parisian hotels and restaurants with baked goods, and the money raised from NBGI will be used to grow the business.

NBGI Private Equity France launched earlier in July, headed by Allégot Lawrence, formerly of SPEF Ventures. The firm specialises in MBOs and restructurings of medium-sized French companies, with typical investments ranging from €3m to €15m.