AVP completed the acquisition of a 70% interest in AVP from AXA.

AVP, a venture capital fund, completed the acquisition of a 70% interest in AVP from AXA, a holding company engaged in the business of financial protection. Financial terms were not disclosed. "Today marks an incredible milestone for AVP and its team, and we feel both humbled and excited by this opportunity. The AVP leadership team and I will acquire a majority stake in AVP which will allow us to write an exciting new chapter for the firm. Most importantly, we would like to thank AXA for the continuous support since the inception of AVP in 2016. This incredible support has been instrumental in our development and success, and we will always be grateful for the trust put in us. Of course, we will aim at continuing and developing further these strong relationships going forward. With this management buyout, we will become fully independent. The new structure will ensure continuity for our investors and the entrepreneurs we back, will foster an entrepreneurial spirit among our team, and will continue to put performance at the heart of our operations. Our management team is incredibly excited to continue the journey and accelerate our story with our clients and stakeholders. At AVP, nothing is more important than the team. In the past 8 years, we have reinforced our leadership team by regularly adding new partners. This is the reason why we now feel strong enough to acquire our company and pursue its next phase of development. I am very grateful to work with such a talented, diverse and complementary team, and I am confident that we are embarking on an exciting and successful journey together," Francois Robinet, AVP Managing Partner.