Private markets firm CAPZA acquired private equity firm Time for Growth for an undisclosed amount, a spokeswoman said.
Paris-based Time for Growth is a late stage technology investor. CAPZA, which specializes in small and midsize enterprise lending and has €3.7 billion ($4.1 billion) in assets under management, is majority owned by its executives and supported by the AXA Group. CAPZA has €600 million in technology company investments.
Time for Growth has a six-person investment team. The firm's partners will be named partners at CAPZA, the spokeswoman confirmed. Assets could not immediately be learned.
"We are very pleased to welcome Time For Growth's team to the CAPZA platform and to continue to implement our strategy of leveraging our knowledge of the small and mid-cap market to identify unmet financing needs. Our combined expertise in the digital sector will enable us to identify opportunities and to meet the needs of growth tech companies with a specialist fund," Christophe Karvelis-Senn, president of CAPZA said in a news release.
Henri de Bodinat, president of Time For Growth, added in the release: "We are delighted with this partnership with the CAPZA teams, which will enable us to become part of a solid and fast-growing structure to continue the entrepreneurial adventure started 10 years ago."