French VC house Part'Com is reported to be planning its own buyout from the private equity division of investment banking group CDC Ixis.
In an interview with partner Serge Desvignes, eFinancial News reports that the team have been discussing such a move for several months as the parent company reviews its private equity operations and sector commitments. Part'Com is focussed on the TMT sectors and has therefore had to work hard to sustain its portfolio companies in the harsh trading environment.
Although no deadline has been set it is hoped that an agreement is reached over the coming months and that a deal is done by year end. Part'Com already manages some E250m of third party funds – nearly half of the E520m it has under management. It has 90 companies in its portfolio within the telecomms, media and technology sectors.