INVESTMENT CAPITAL – LFPI acquires the majority of the capital of the Penelope group

On March 15, 2016, the LFPI group acquired the Pénélope group.

Pénélope is one of the main French players in the outsourcing of hospitality professions (physical and telephone). The group also operates in the fields of operational marketing, telemarketing and events. With a turnover of more than € 110M, Pénélope has a national geographic coverage thanks to 37 agencies located in Paris and in the regions.

LFPI takes over the majority of the group’s capital. He is supported by Bpifrance which takes a minority stake. The management team, chaired by Christophe Thomas, strengthens its stake in the capital during the operation.

LFPI, in partnership with Bpifrance, wishes to support the development of the Pénélope group, in particular through the pursuit of the strategy of penetrating the outsourced reception market as well as through a targeted external growth policy. The acquisitions that will be made will notably aim to strengthen its positions in its various fields of activity.

With this acquisition, the LFPI group continues its tradition of investing in the capital of SMEs on the French and European markets in partnership with management teams to carry out ambitious growth projects.

For Bpifrance, this investment is fully in line with its strategy of supporting the development of mid-sized companies, creating value and jobs throughout the territory.