NBGI Private Equity opens in France

NBGI Private Equity, the UK lower mid-market buyout firm, has expanded into France. The firm has opened an office in Paris to complete small buyouts and growth capital deals investing equity of between €3m and €15m per transaction.

Didier Riebel and Laurent Allegot join from New Bridge Partners and Natixis Private Equity respectively to head up the new office.

NBGI Private Equity is nearing the close of its second fund which is targeting £100m. The firm has received a substantial commitment to the fund from cornerstone investor National Bank of Greece.

NBGI Private Equity has recorded some impressive exits in the UK generating a cumulative return of 6.7x on its maiden fund so far.