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About us

Prudentia Capital is an independent and privately-owned asset management firm based in Paris, licensed by the Autorité des Marchés Financiers (AMF), supporting the growth of established French and European small and mid-sized companies.

Our philosophy is based on a close relationship with management teams, a strong entrepreneurial spirit, and a firm commitment to transparency and accountability.

We strive to create value for both entrepreneurs and investors by doing the fieldwork necessary to identify opportunities that are a match for our expertise.

Our first fund is a French small cap strategic value fund, which is focused on a specific market niche where significant value creation opportunities exist, outside of the classic intermediated LBO market. We create long term partnerships with successful small and medium-sized companies and their management teams that have financial, strategic and operational needs that we can creatively deliver, unlocking the path for them to become leading national and international companies.

Our approach

We take into consideration the entire economical and social environment our companies

TARGET SIZE €10–100 MILLION IN ANNUAL REVENUE
We invest in small and medium-sized companies because we believe this is where funding and managerial support can have the greatest impact, creating value, strengthening communities and contributing to the economy as a whole.
EQUITY TICKET €2–30 MILLION PER TRANSACTION
We look for strategic opportunities among businesses facing a wide range of situations, including family successions, governance issues, equity increases, spin-offs, or fund raising for growth and specific growth projects. Our investment approach favors the transformation and growth of companies.
RELATIONSHIP FOCUSED
We are committed to working closely with management during every phase of the investment process. This ensures we understand the fundamentals of each business and can provide the benefit of our team’s extensive experience to promote best practices in a context of mutual respect.
A STRONG ENTREPRENEURIAL, MANAGERIAL AND OPERATIONAL EXPERTISE
The Prudentia Capital team has a strong entrepreneurial, managerial and operational expertise, combined with significant experience in the public and public-private sector. This comprehensive view gives us unique insight and tools to actively transform and develop companies.
STRONG INTERNATIONAL PROFILE
Our partners represent three different nationalities (French, German, American), and this is reflected in our desire to support access to international markets for the companies we invest in. Through our partner network we currently have representative offices in New York and Berlin in addition to our head office in Paris.

Meet the team

Founders

ROLAND GERMAIN
Founding partner
Linkedin

Roland brings more than 30 years of key leadership experience, at Bouygues, Vivendi and as CEO of the Geoxia group from 1995 to 2012. Roland acquired this €150 million revenue company from the Vivendi group through an LBO operation and proceeded to build a market-leading powerhouse building 10,000 homes, employing 3,500 people and generating €800 million in revenue by 2008. In addition to the company’s organic growth, Roland conducted numerous successful acquisitions over the years to consolidate the market. Throughout his 30 years of management experience, Roland has led companies through many economic cycles, including phases of growth and consolidation as well as turnaround. Roland is a French national and graduated from Paris X with a doctorate in production economics.

DOMINIK ZWERGER
Founding partner
Linkedin

Dominik has accompanied small and medium sized companies and their management teams since more than 10 years.

Dominik gained significant investment experience as an investor for a prominent French PE fund (2010 to 2017) and also as a lead negotiator for the specialized arm of the French Ministry for the Economy and Finance that oversees underperforming companies requiring financial recapitalization and strategic and operational change. During his time at the CIRI (2007-2010), he negotiated and signed 20+ refinancing deals for small and medium-sized companies. Dominik began his career as a financial analyst in London, first at RCI Banque and then at Barclays Capital. Dominik is a German national who has lived in France for over 25 years.

He is a graduate of ESCP Europe and the École Nationale d'Administration (ENA).

DOUGLAS ROSEFSKY
Founding partner
Linkedin

Douglas Rosefsky brings to Prudentia his more than 25 years of experience in refinancing (JP Morgan) and operational leadership. During his 17 years at Alvarez & Marsal, where he managed the Paris office from 2008-2105, he served as interim director of numerous companies (Skis Rossignol, Sport 2000, etc.), and was twice awarded the title of Turnaround of the Year (for Warnaco –2003, and Rossignol - 2010)

Since 2013, he has served on the faculty at INSEAD, where he teaches the negotiation of company takeovers and management of the first 100 days.

Douglas, an American who has lived in France for more than 15 years, is a graduate of Duke University and Wharton (MBA in Finance).

Advisers

HENRI MASSE
Special Advisor, Prefect (h)
Linkedin
Officer of the Legion of Honor and of the National Order of Merit, Officer of the Order of Maritime Merit

Henri Masse has spent his entire career in public service, serving in 15 French départements, including four as prefect (in Metropolitan France and overseas), then as head of two national directorates (Directorate of Prison Administration and Directorate of Civil Security and Risk Management).

In his government roles, Henri was always committed to supporting businesses, from SMEs to large groups such as Toyota in Valenciennes, and to facilitate economic transformations. Henri brings his experience in dealing with local organizations, to provide support and guidance for SMEs and mid-market companies as a special advisor for Prudentia Capital.

Henri serves on the faculty of the ENA as a lecturer in the Master 2 pro in Prevention and Territorial Risk Management. Henri is graduate of IEP Paris, whence he holds a doctorate in history.

JEAN-CLAUDE VOLOT
Member of strategic committee, Chairman Dedienne Aerospace
Linkedin
Officer of the Legion of Honor and of the National Order of Merit

Jean-Claude Volot is Chairman of Dedienne Aerospace, a French medium-sized company and global player in the aerospace maintenance business, with €70 million in revenues. Jean-Claude also is Honorary Chairman of the Board of the French Agency for Business Creation (APCE) and a Member of the Board of the French Aeronautics and Space Industry Association (GIFAS). A fervent believer in the power of dialogue, he is also Emeritus National Mediator for Inter-company Relations, a position created for him by then President Nicolas Sarkozy, in a department where mediation was successful in 80% of disputes.

A business manager and entrepreneur, Jean-Claude Volot has created, taken over or merged more than 30 small and mid-sized companies. He has also served as vice president of the French business confederation, MEDEF, in charge of company internationalization, and as general commissioner for exports.

Jean-Claude is an avid collector of contemporary art. He purchased and renovated Auberive Abbey to house his collection.

ULF GARTZKE
Member of strategic committee, Managing Partner at Spitzberg Partners
Linkedin

Dr. Gartzke is Managing Partner at Spitzberg Partners, a corporate advisory and investment firm that provides strategic counsel on international political, economic, technology and security matters.

Between 2003 and 2013, Ulf served as Director of the Hanns-Seidel-Foundation’s Washington office, where he was responsible for relations with both the United States and Canada. Previously, Dr. Gartzke worked at the World Economic Forum in Geneva and at the World Bank in Paris. Dr. Gartzke studied political science and international relations at the University of Augsburg, Georgetown University, Sciences Pô Paris, and holds a PhD from the London School of Economics and Political Science. Dr. Gartzke is an adjunct fellow at the Hudson Institute and teaches at Georgetown University’s BMW Center for German and European Studies. He divides his time between New York City and Washington, DC, where he lives with his Canadian-born wife and four children.

Organization

Strategic Committee

ULF GARTZKE
International Relations and Strategic Alliances
JEAN-CLAUDE VOLOT
Industrial analysis
HENRI MASSE
Prefect (h), Local relationships

Management Team

ROLAND GERMAIN
Founding Partner
DOMINIK ZWERGER
Founding Partner
DOUGLAS ROSEFSKY
Founding Partner

Operations

THIBAULT WIRTH
Investment Manager
SÉBASTIEN PÉRU
CFO

Strategic partnership

Spitzberg Partners is a corporate advisory and investment firm that provides strategic counsel on international political, economic, technology, and security matters. Headquartered in New York, with a strong  focus on transatlantic and emerging markets, Spitzberg Partners combines top-level political leadership experience with a nuanced understanding of today’s challenges to support the international growth and business development efforts of innovative companies across industry verticals.

Spitzberg Partner’s team is headquartered in NYC, with additional offices and personnel located in Washington, DC, Toronto, Berlin, and Zagreb. Spitzberg Partners maintains deep networks and a consistent presence in other critical locations, such as Silicon Valley, Tel Aviv, and Brussels.

Spitzberg Partners is Prudentia Capital’s strategic partner for the development of its portfolio companies in Germany, Europe and the United States.

Our Expertise

As part of our investment thesis for each company, we develop a specific transformative growth project which management seeks strategic and operational assistance in implementing. When we move forward with an investment, we accompany each business’s leadership to drive transformation by serving as a sparring partner, trying and testing new ideas, and providing the benefit of our experience in areas that may be unfamiliar to management.

1
DIALOGUE WITH SHAREHOLDERS AND MANAGEMENT
Around a shared set of objectives
2
FIRST 100 DAYS
Identify and execute the plan’s top priorities
3
18-MONTH TRANSFORMATION ROADMAP
Launch, then ramp up the strategic development plan
4
SEIZE OPPORTUNITIES FOR BUILD-UP ACQUISITIONS
5
WORK CLOSELY WITH MANAGEMENT
To achieve operational excellence
6
COMPLETE STRATEGIC PLAN
7
EMERGENCE OF REGIONAL AND NATIONAL LEADERS
1
DIALOGUE WITH SHAREHOLDERS AND MANAGEMENT
Around a shared set of objectives
2
FIRST 100 DAYS
Identify and execute the plan’s top priorities
3
18-MONTH TRANSFORMATION ROADMAP
Launch, then ramp up the strategic development plan
4
SEIZE OPPORTUNITIES FOR BUILD-UP ACQUISITIONS
5
WORK CLOSELY WITH MANAGEMENT
To achieve operational excellence
6
COMPLETE STRATEGIC PLAN
7
EMERGENCE OF REGIONAL AND NATIONAL LEADERS

Our five areas of proven expertise in areas vital to small and medium-sized companies

Structure shareholder
equity
Structure organizational
chart
Define and implement a
transformation
strategy
Successfully cross
development stages,
through acquisitions
if necessary
Support management team
with know-how,
expertise and
international
reach
Structure shareholder
equity
Structure organizational
chart
Define and implement a
transformation
strategy
Successfully cross
development stages,
through acquisitions
if necessary
Support management team
with know-how,
expertise and
international
reach

We are responsible investors

WE HAVE STRONG CONVICTIONS

We support the real economy by investing in and promoting the sustainable, inclusive growth of small and mid-sized businesses.

We take Environmental, Social and Governance (ESG) criteria into account throughout the investment lifecycle to manage risks and capitalize on opportunities.

We uphold the same stringent standards of Corporate Social Responsibility in our own company that we promote in our investments.

CONVICTIONS EMBODIED IN CLEAR PRINCIPLES

  • We are thorough in performing due diligence
  • We adopt a long-term approach
  • We work hand-in-hand in partnership with entrepreneurs
  • We support focused, attainable goals
  • We are committed to providing hands-on assistance in cooperation with management
  • We emphasize regular assessments of progress, both quantitative and qualitative
  • We uphold transparency by gathering and publishing information on our own extra-financial performance and that of the companies we invest in.
  • We strive for constant improvement

We ask each member of the firm to participate in ongoing ESG training and incorporate these values in every aspect of our work, under the supervision of Roland Germain, ESG Officer for Prudentia.

Our ESG policy, available for download below, is designed around the six principles of the United Nations Principles for Responsible Investment (PRI), of which we are a signatory. As the largest global initiative (representing more than $70 trillion in AuM) to provide guidance on responsible investment, the PRI offers a well-established framework.

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Contact

PRUDENTIA CAPITAL

contact@prudentiacapital.com
+33 (0)1 81 69 31 89

17 rue Lamennais
75008 Paris
France

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