Clifford Chance advises Qualium Investissement on the structuring of its first continuation fund to support Proengin in a new phase of global growth

Qualium Investissement, a longstanding French private equity player, has structured its very first continuation fund to extend its partnership with Proengin, a global leader in sovereign Nuclear, Radiological, Biological and Chemical (NRBC) threat detection solutions.

This continuation fund, set up following a competitive process that attracted strong interest from investors, was led by Eurazeo as Lead Investor, alongside several secondary investors and existing partners of Qualium Fund II.

The transaction enables the manager to retain the NRBC threat detection champion in its portfolio. It also provides Proengin with new capital to accelerate its international expansion.

Proengin’s management team, led by its Chairman Jean-François Brun, is reinvesting significantly in the transaction, which includes capital aimed at accelerating the group’s growth.

The Clifford Chance team was composed of Xavier Comaills, partner, Louis-Guillaume Cousin, counsel, Alexandre Gardini, Laura Ferrier and Oscar Lenoël, associates, on the fund aspects, as well as Pierre Goyat, partner, and Elise Poiraud, associate, on the tax aspects.