Omnes Capital has invested €11.8m in the management buy-in of Mistral Group, a French software company for providers of agricultural and construction equipment.
The firm has taken a majority stake. Fabric Le Camus, a director of Mistral, has also invested.
Swen Capital Partners, Parvilla and Capital Transmission are backing the business as co-investors. Jacques Riviere, a former chair of past Omnes investment Ocean, is also participating in the deal.
Omnes has made the investment through several of its small-cap funds: LCL Expansion 2 and 3, and LCL PME Expansion 2. The deal is the first investment from LCL Expansion 3, which reached a first close at €30m in April and is targeting €120m.
Based in Clemont-Ferrand, Mistral provides software and hosting and outsourcing services to its clients. Following the investment, it aims to develop new products, strengthen its presence in France and expand internationally.