Private Equity News & Analysis

Triago-X appoints BOD ahead of listing

Paris-based private equity secondary specialist Triago-X has appointed Javier Echarri, Oliver Laury and Vincent Remay as company directors as it approaches a listing on Euronext.

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French private equity secondary specialist Triago-X has appointed a board of directors ahead of its recently announced listing on Alternext of Euronext Paris.
 
Javier Echarri, Olivier Laury and Vincent Remay have been appointed as company directors at Triago-X until 2012.
 
Triago-X announced last month that it would be pursuing a flotation on Alternext in order to raise funds to expand the business. The firm declined to comment on an expected pricing or timing of the IPO, but PEO understands that a listing is likely to take place in late June or early July.
 
Javier Echarri has been secretary general of the European Private Equity and Venture Capital Association (EVCA) since 1999.

Olivier Laury is a director of Bouygues Telecom, having joined the group in 1983.

Vincent Remay is an adviser to the chairman of Euronext and is responsible for product development. 
 
Founded in 2004, Triago-X has a team of 22 people operating out of offices in Paris and New York. Part of the Triago Group, the firm reported a turnover of €5.7 million ($7.1 million) and a net profit of €1.9 million for the financial year ended 31 March 2006.