Transaction

Clearwater advises Domnin de Kerdaniel and Filippo Monteleone on the acquisition and financing of Essling Capital

Transaction

Domnin de Kerdaniel, Filippo Monteleone acquired Essling

Buy-side

Undisclosed

Role

Adviser to the shareholders of CVC Capital Partners, 3i and KKR, and Careit on the acquisition of Essling Capital and its financing

Sector

Financial Services

Region

France & Belgium

Clearwater has advised Domnin de Kerdaniel, CEO at CVC Capital Partners (CVC), 3i and KKR, and Filippo Monteleone, founder of Careit, and former Ramsay Group’s CEO, on the acquisition of Essling Capital, an independent GP specialised in private equity, from Chestone Investment Groupe, owned by Franck Noël-Vandenberghe.

Since its founding, Essling Capital, with €450m in assets under management, has offered private equity services, including a co-investment fund in Europe and the United States and has led investment small and mid-cap funds for fast-growing companies operating in the digital sector, healthcare and B2B as part of the Essling expansion.

Domnin de Kerdaniel has more than 20 years of experience in finance in Europe, Asia and North America, including the last 20 years in private equity. He focused mainly on the mid and large LBO sectors including Zumbotel / Wassal, Legrand, SeLoger and Delachaux. Filippo Monteleone was Executive VP for 15 years at the largest French private hospital group, Groupe Ramsay. He founded Careit, the first real estate group dedicated to healthcare, and supported the transformation of the health system, championing innovative operations and projects.

Domnin de Kerdaniel and Filippo Monteleone started their careers together at Worms & Cie. They teamed up five years ago to develop Careit, a healthcare investment activity and platform in Europe. Together, they worked as adviser and investor on several transactions, including Eurazeo / C2S, from its acquisition to its recent sale to the ELSAN Group. They have collaborated with Essling Capital on several of these transactions.

Domnin de Kerdaniel and Filippo Monteleone have become respectively CEO and Chairman of Essling Capital. They will help further develop the current investment strategy with the current teams and hope to shortly launch an investment initiative dedicated to the healthcare sector in Europe.

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Together with Filippo Monteleone, we thank Frank Noël-Vendeberghe for his trust. We are looking forward to this transaction which is coherent with our investment activities and complements the expertise of the Essling Capital teams. We recognise the work accomplished by the team and the success of past investments. We share the ambition to consolidate the solutions deployed, but also to gradually develop investment in other markets, particularly in the healthcare sector across Europe.

Domnin de Kerdaniel, CEO at Essling Capital
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After the launch of Essling Capital, I am pleased to be able to pass on the torch to Domnin de Kerdaniel and Filippo Monteleone for further development of this investment platform. During our recent collaborations on numerous operations, successful or not, I was able to appreciate their complementarity with the current teams.

Frank Noël-Vandeberghe, Chairman & Founding Partner at Massena Partners SA

Transactions on private equity GPs are rare and sought out: we are particularly proud to have helped Domnin and Filippo on being selected on this project and we strongly believe in their ability to support the future growth of Essling Capital.

Clearwater

Transactions