Contact Countries Search Clearwater International Menu Clearwater International advises the shareholders of Kinougarde group on its primary LBO sponsored by Raise Investissement and Geneo Capital Entrepreneur Clearwater International has advised the shareholders of Kinougarde group, the French leader in childcare services, on its primary LBO sponsored by Raise Investissement and Geneo Capital Entrepreneur, alongside Hervé Lecat and the management team. Specialising in children's services, the group is built around two recognised brands: Kinougarde and Complétude. In the last couple of years, Kinougarde has become the French leader in home-based childcare, including school and nursery outings and support for extracurricular activities. Complétude is the second largest provider of tutoring services in France, offering private, group and online lessons. Through these two activities, the group supports 35,000 families across France. The group offers its services throughout France via a network of thirty agencies and the support of two internal call centres, coordinating the action of 16,200 Kinougarde childcare providers and 9,200 teaching assistants for Complétude. This hybrid organisation, supported by a proprietary and disruptive technological tool, allows the group to ensure the proximity and responsiveness necessary for a quality service to families as well as the selection of the best caregivers. The group is growing rapidly and has a turnover of around €75m and its ambition for the future is to strengthen its leading position in the field of childcare services and to develop in new market segments such as home care. By relying on the same key success factors and building on its quality of service, the group hopes to become a major player in the personal services sector. To support its development, Hervé Lecat, the founder, decided to open the capital to two reference shareholders, Geneo Capital Entrepreneur and Raise Investissement, and to all 54 group executives. Hervé Lecat remains the majority shareholder following this reconfiguration of the capital. This acquisition has been financed by a French pool of lenders composed of Arkéa, CIC, Société Générale and Schelcher Prince Gestion. primary LBO sponsored by Sell-side Undisclosed Clearwater Advisers Benjamin Zayat Laurence de Rosamel Agnès Flores Lucas Genot Marie-Céleste Quacchia Adviser to Kinougarde’s shareholders on its first LBO View more Since the creation of Complétude and then Kinougarde, we have been committed to supporting families on a daily basis by offering them a quality service. This demand for quality, which is at the heart of our DNA, also applies to other areas of personal services. To develop in these new segments, we are very happy to have found two partners, Raise and Geneo, who share the same values as us, combining concern for family satisfaction, quality of execution and benevolence towards our teams. Hervé Lecat, Founder, Kinougarde group We very much appreciated the tech-enabled approach of this traditional business, which allows the teams to focus on customer satisfaction and which constitutes a real lever for developing other offers in the personal services sector. Aymeric Marraud des Grottes, Partner, Raise Investissement Our ambition is to support SMEs and SMIs that promote sustainable growth and positive impact projects. Beyond its operational excellence, we were also attracted by the strong societal contribution of the Kinougarde group, which contributes to the development of children and to a better reconciliation of parents' professional and family lives. François Picarle, Managing Partner, Geneo Capital Entrepreneur We are thrilled to have advised Hervé Lecat and his management team in this first LBO. This transaction demonstrates Clearwater International’s capacities to advise entrepreneurs in a key sector: education and childcare. In addition to its technological know-how and its execution quality, the Kinougarde group now has the human and financial means to further accelerate its development. Benjamin Zayat, Managing Partner, Clearwater International Clearwater Advisers Benjamin Zayat Managing Partner +33 153 890 514 Email Laurence de Rosamel Managing Director +33 153 890 529 Email Agnès Flores Director +33 171 703 294 Email Lucas Genot Associate +33 153 890 526 Email Marie-Céleste Quacchia Analyst +33 171 703 377 Email Back to transactions Clearwater International LinkedIn Twitter YouTube Team Transactions Services Sectors Insights About Us Careers Cookie policy Accessibility Terms & Conditions Privacy Statement Copyright © 2021 Clearwater International. All rights reserved Website by Jask Creative