Posted on Nov 17, 2021, 7:46 PMUpdated Nov 17, 2021, 9:16 PM
Surprise departure at the head of one of the oldest debt investment houses, Capza. In an email sent Wednesday evening, Dominique Gaillard, ex-president of France Invest and veteran of the largest French investment fund Ardian, announced his departure from the company he had joined in April. “I am leaving the Capza company today to pursue new professional opportunities,” he wrote without giving further details.
Member of Capza’s management team, alongside founder Christophe Karvelis-Senn and Laurent Bénard, Managing Director, Dominique Gaillard was called upon to accelerate the platform’s growth, particularly internationally. He knew the long-time founder and shared strong ambitions with him: to double the size of Capza, from 5.6 billion euros in assets to more than 10 billion, by 2025. Asked, none have wanted to react.
Evolution of governance
At the end of October, Christophe Karvelis-Senn, who founded Capza in 2004, decided to extend governance to all partners and business managers, in particular with a new management board made up of historical investors, Benoit Choppin, Guillaume de Jongh and Maxence Radix. They had all been appointed CEOs and took the place of Laurent Bénard, who had decided to leave the company during the change of governance.
“This is the meaning of the story. Investment companies must evolve to support their growth and remain competitive in the war for talent, ”explains an expert on the investment company owned 55% by management and 45% by the insurer AXA.
Dominique Gaillard arrived in the spring after defending the interests of the private equity industry within France Invest for three years. During the pandemic, he had campaigned with the public authorities in favor of the access of companies controlled by funds to public aid and negotiated step by step for the implementation of “stimulus bonds” to support companies in capital.