– AMG has entered into a definitive agreement to acquire a minority equity interest in Montefiore Investment, a leading middle-market private equity firm in France and southern Europe.
– Montefiore’s management will retain a substantial majority of the firm’s equity.
– Montefiore’s management will continue to lead the organization.
Montefiore’s management will maintain full control over its investment process, strategy, and day-to-day operations.
– AMG’s investment will provide capital to strengthen Montefiore’s capabilities and team.
– AMG’s investment will enhance Montefiore’s alignment with clients.
Montefiore Investment was founded in 2005.
– Montefiore focuses on investments in small- and mid-cap companies across the services sector.
– Montefiore applies a systematic, differentiated approach to value creation.
– The firm has strong capabilities in sourcing investment opportunities through long-term relationships with business owners.
– Montefiore creates value through operationally intensive and collaborative partnerships with management teams.
– The firm is led by co-founders Eric Bismuth and Daniel Elalouf and a large team of Partners.
– Montefiore manages a flagship fund series with six generations of funds.
– The firm also runs two complementary strategies.
– Montefiore supports companies at various stages of development to accelerate their transformation.
– The firm has offices in Paris, Milan, and Madrid.
– Montefiore manages €5 billion in assets.
– The firm has achieved strong returns across various market environments.
– AMG CEO Jay C. Horgen praised Montefiore’s value-add approach and two-decade track record. Horgen highlighted Montefiore’s ability to scale local players into sector leaders while maintaining entrepreneurial culture. He expressed confidence in Montefiore’s forward prospects and welcomed the firm to AMG’s Affiliate group.
– Montefiore CEO Éric Bismuth cited AMG’s 32-year history, long-term orientation, and global reputation as reasons for the partnership. He emphasized that the partnership with AMG supports Montefiore’s long-term goals while preserving its independence. He expressed excitement about accessing AMG’s strategic capabilities.
– Bismuth and Elalouf have entered into long-term commitments with Montefiore.
– Terms of the transaction were not disclosed.
– The transaction is expected to close in the second half of 2025, subject to customary closing conditions.
