Latour Capital acquires Multiposting← Back
Latour Capital has acquired French job advertisement software developer Multiposting.
Latour took a majority stake in the buyout, with investment company Kernel Investissements and Multiposting's co-founders holding the balance. Although deal value remains confidential, Latour invests in businesses valued in the €15-50m range.
Senior debt was arranged to contribute a moderate amount of leverage.
Latour sourced the deal through its own network and was pitched against several competitors in a limited auction process. It was mainly attracted by the quality of Multiposting's management, the company's focus on innovation and its growth prospects – which will remain mostly organic at this point.
Latour was founded in 2011. Its maiden FCPR vehicle reached a €60m second closing and the firm is hoping to eventually raise around €100m.