Ex-AtriA pair re-emerges with own venture

Thibaut de Chassey (pictured) and Edouard Thomazeau, two former partners at AtriA Capital Partenaires who left the group in April, have launched their own firm, Atlon Capital Partners.

Thibaut de Chassey and Edouard Thomazeau have founded Atlon Capital Partners, a mid-market private equity firm focused on the French mid-market. The pair left French group AtriA in April after strategic differences with AtriA’s founder Dominique Oger.

Thomazeau and de Chassey had been at AtriA since its inception in 2000, but left after a series of disagreements with Oger, the firm’s majority shareholder.

Atlon will focus on France-based mid-market companies with an enterprise value of €30 million to €150 million, the pair said in a statement.

“Atlon differentiates itself from its competition by its long-term commitment alongside entrepreneurs and its unique and demonstrated capacity to actively support them in their expansion projects in France and abroad, in particular through international add-on acquisitions,” they said.

The firm has won approval from the French regulator.

The pair said they represent “a new generation of experienced private equity professionals with 16 investments completed and posting an IRR in excess of 30 percent”.

Thomazeau and de Chassey said they have been supported by a group of entrepreneurs who will become limited partners. They are currently in the process of hiring staff at director and associate level.