King & Wood Mallesons SJ Berwin advised Parquest Capital on the sale of FDI to Webhelp, one of the European leaders in customer relationship management services.

Created in 2002, Parquest Capital (formerly known as ING Parcom Private Equity) is an independent investment firm with a well-established franchise on the French mid-market segment.

Created more than 30 years ago in Chambery (France), FDI is a payment institution dedicated to international credit management, with a portfolio of over 300 customers mainly in the fashion and luxury goods sector.

Parquest Capital acquired the group by MBO in 2003. Since then, FDI’s annual volume under management increased from €680 million to €920 million (in 2014).

The King & Wood Mallesons SJ Berwin team was composed of Corporate partner Christophe Digoy, counsel David Diamant and associate Benjamin Thorez.