Anquor CF was created as a spin-off of the mergers and acquisitions company Eurohold

After 30 years in the mergers and acquisitions sector, Eurohold wants to move on to a better life. The founding partners of the company, Pascal Vieilledent and Jean François Alandry, are convinced that the future of their work lies in specialization. For this reason, last September they decided to share the business and set it up for themselves. Vieilledent founded Anquor, focused on industrial companies in the health, pharmaceutical, food and logistics sectors, and Alandry set up You Are Capital to specialize in technology companies.
“We shared the workforce equally and sealed a non-competition agreement between U.S. Both companies were established as a spin-off of Eurohold, which still has some management contracts. The idea is that its activity is reduced to zero over time”, says Vieilledent.

In the case of Anquor, the business focuses especially on advising health companies. It has 25 clients and half belong to this sector. Vieilledent comments that its medium-term objective is to diversify, enter the organic food and renewable energy sector. In addition, the company has an international presence, inherited from the years of expansion of Eurohold. A third of its clientele is abroad and part of its team too. The staff, made up of 18 finance professionals, has 14 people in Barcelona, one in Madrid, another in Paris and two more in Beijing.

As in Eurohold, the activity is focused on carrying out purchase processes between companies. “Normally the operations have a valuation of 20 to 50 million, although the range can fluctuate up or down,” says Vieilledent. The business is charged a commission for each operation and a monthly fee for the management of its services. With this activity, Anquor expects to close the year –in September– with a turnover of four million euros. (Last year, Eurohold had a combined turnover of €5m.)
Vieilledent doesn’t think the pandemic has hurt his business too much. “We have a strong presence in the healthcare market, which is precisely one of the few that has not been affected. At the moment, the seven operations that we had underway before the crisis have been maintained”. In addition, the manager is confident that the crisis will reduce the size of the market and that this will end up leading to more mergers and acquisitions in all kinds of sectors.
However, he does not hide his concern: company valuations may fall and, consequently, At the moment, no new operations enter.

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