LBO France Gestion (“LBO France”)
LBO France is registered as a simplified joint-stock company under French law (société par actions simplifiée) with a Board of directors, having capital of €227 ,187 and registered the Paris business register under no. 418 354 502. LBO France was approved by the French securities regulator, Autorité des Marchés Financiers (AMF), as an asset management firm on 27 February 1998 under no. GP-98-04. LBO France has obtained its AIFM certification on June 24th 2014.
Chairman of the Board of directors: Robert Daussun Managing Editor: Robert Daussun
The purpose of this website is to present the activities of LBO France and provide information about its products to the general public. The material posted on the site is not contractually binding. It does not represent an offer of products, a recommendation or a solicitation of offers to purchase securities, or a capital raising. All the material on the LBO France website is intended for information purposes only. The product information is valid at the time of posting. It is nonetheless incomplete, owing to the necessarily simplified nature of the content, and is not contractually binding. It does not represent an investment recommendation or advice based on specific circumstances or in response to the specific needs of visitors to the site. Online users are reminded that any investment in LBO France entails a degree of risk. Consequently, and prior to any investment decision, online users are advised to familiarise themselves with the regulatory documents obtainable from LBO France. Potential investors should contact their usual advisor with any questions about the tax treatment of these products. LBO France reminds online users that past performance is no guarantee of future performance, that investments may fluctuate up or down, and that the value of their shares depends on the value of the securities in the portfolio. Consequently, investors may not recover their initial investment and have no guarantee of income.
Shareholder engagement and voting rights policy
The Shareholder Rights Directive transposed into French law aims to strengthen long-term investment in companies and to promote the transparency of investments made by “institutional investors”.
LBO France Gestion is required to describe and make accessible to the public their long-term commitment to the issuers of shares in which it invests its funds. This policy sets out LBO France Gestion’s shareholder engagement and voting rights policy. It describes how LBO France Gestion integrates its role as a shareholder into its investment strategy. It includes the voting policy and describes the additional measures taken by LBO France Gestion to strengthen dialogue with its issuers. With the exception of its voting policy, which is applied regularly at each general meeting, the management company follows the various shareholder engagement criteria as much as possible. When it does not apply them, or applies them incompletely, it explains the reasons in this policy.
Intellectual property rights
All the information available on the LBO France website, particularly photographs, text, slogans, designs, images, and animated sequences with or without sound, as well as any intellectual creations incorporated into the site, are the property of LBO France or their respective owners. Any reproduction, representation, exploitation, adaptation or modification, by any process and on any medium whatsoever, without prior permission from LBO France is strictly prohibited and may lead to prosecution for infringement.
LBO France disclaims all liability for any direct or indirect loss or damage, particularly material damage, loss of data, or financial loss, as a result of connecting to or using the website or from reliance on material posted on the website. Despite the care exercised by LBO France, technical faults may occur. These may arise as a result of limited access to or incorrect transmission of information, or be due either to the website itself or to the intervention of third parties. LBO France disclaims liability for loss or damage that could arise as a consequence, and undertakes only to take remedial action once the fault has been reported. LBO France is responsible for updating the website. The company has taken every effort to ensure the accuracy of the information posted but disclaims any liability for loss or damage of any kind that might arise from the explicit or implied opinions or information posted on the website. LBO France disclaims any liability for damage arising from unauthorised intrusion by a third party that alters the information posted on the website.
We are not liable for any hypertext links to companies. Links to our website are not permitted without the prior written agreement of LBO France.
This website is operated by LBO France, whose registered office is in France, and these Conditions of Use are governed by French law. The laws and regulations of the country from which the user accesses the website may contain restrictions on the distribution of the web-posted material. In those cases, material from the website may not be distributed or used by any individual or legal entity, which are required to be aware of and comply with the regulations. Pursuant to French data protection legislation (Act 78-17 of 6 January 1978, amended by the Act of 6 August 2004), an online user has the right to access, correct or delete personal data at any time by writing to the investor relations department at the registered office of LBO France. LBO France undertakes to keep the personal information about online users confidential. It reserves the right to alter and update these Conditions of Use at any time.
Processing of Investors’ personal data
The Investor is informed that, as part of the Subscription process, LBO France processes personal data related to him or her.
Personal data are provided directly by the Investor to LBO France, at the time of subscription and during the Fund’s lifetime. This includes notably the following information: first and last name, postal address, tax residence, telephone number, email address, copy of the passport or national identity card, bank details (Relevé d’Identité Bancaire), and tax identification number.
It is necessary to process the Investor’s personal data to validate the subscription form. More specifically, LBO France processes this personal data for the following purposes:
– Enable the subscription, issuance and registration of the Investor’s Units;
– Carry out the Capital Calls and distributions;
– Deliver the notices, demands, requests or other communications relating to the By-Laws, and
– Communicate to the tax authorities the data related to the IFU (Imprimé Fiscal Unique), CRS and FATCA forms.
The personal data of the Investor are disclosed to:
– Employees and executives of LBO France only if necessary for the performance of their missions;
– Legal, regulatory or tax authorities for the purposes of fighting against money laundering; and
– Business partners and subcontractors for the purposes of managing the relationship with the Investors.
The personal data collected are kept for the whole duration of the Fund’s lifetime.
Beyond this period, we will retain some personal data for the longest time necessary to comply with the applicable legal and regulatory provisions.
Pursuant to Regulation (EU) 2016/679 on the protection of natural persons with regards to the processing of personal data and on the free movement of such data, the Investor can request from LBO France access to the personal data concerning him or her, rectification or erasure thereof, restriction of their processing and their portability. The Investor can also object to the processing of his or her personal data. To exercise these rights as well as for any request related to the processing of his or her personal data, the Investor is invited to contact the person responsible for GDPR-related matters, Frédéric Teboul, at the following email address: infoRGPD@lbofrance.com.
Customer complaints handling procedure
In accordance with AMF Instruction 2012-07, LBO France Gestion has implemented and maintains an operational procedure in order to quickly and efficiently process complaints made by its clients.
Any complaints may be referred to LBO France Gestion by email at firstname.lastname@example.org or by mail to the following address:
LBO France Gestion
To the attention of Investor Relations Departement,
148 rue de l’Université
The management company will knowledge receipt of the complaint within a maximum of ten working days from the date it was received, unless a response has been issued to the client in the intervening period. Except in duly justified exceptional circumstances, a response will be issued to the client within two months of receipt of the complaint. In the event of an ongoing dispute, the client may contact a mediator, such as the AMF Ombudsman, at the following address: Autorité des Marches Financiers, Madame Marielle Cohen-Branche, Médiateur de l’AMF, 17 place de la Bourse, 75082 Paris Cedex 02. The AMF mediation request form at the Mediation Charteur is available online at amf-france.org
Conflict of interest policy
LBO France Gestion has established and maintains a conflict of interest management policy, which consists of defining procedures to detect and manage situations that give or are likely to give rise to a potential conflict of interest in the course of our management activities. For more information, we invite you to contact the management company.
Selection policy for intermediaries
LBO France Gestion has defined an intermediary selection procedure that defines the selection, control and monitoring of third-party institutions to which the management company delegates certain management functions. For more information, we invite you to contact the management company.