Passing on the business that you have created or inherited is very often a puzzle.
Contrary to what is practiced in Germany and Italy where the majority of SMEs remain in the family fold, in France less than 20% of managers pass the torch to their children.
"This is partly linked to the hypertrophy of Paris where the children of entrepreneurs often settle during their studies and which they have difficulty in leaving thereafter to take over the family business"
, argues Thomas Duteil, founding partner of Trajan Capital, which has forged a strategic partnership with Edmond de Rothschild Private Equity.
Hence the difficulty for SME managers to find a buyer.
The economic stakes are high.
Read also: Business leaders, anticipate the transfer of your SME
To save these companies, some private equity funds have specialized in the transfer of companies.
This is the case of the Transmission et Croissance I investment fund. Inspired by American search funds, it is responsible for finding entrepreneurs.
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