General Partner, Partech Ventures
Bruno Crémel is General Partner of Partech, responsible for the Growth fund. He joined in May 2014. Prior to this, Bruno was CEO of Darty France, the leading electricals retailer (EUR 2.8B revenue, EUR 500M market cap., 196 stores, #1 e-commerce website for white products). From 2006 to 2012, he was General Partner and executive board member at LBO France. He invested around EUR 300M in four companies: Maisons du Monde (furniture retail), Averys (equipment goods), Promovacances (leading French online tour operator) and Gravograph (equipment goods). Early 2015, Averys was sold to Equistone with over 2,5x multiple and Maison du Monde was sold to Bain Capital with 2x multiple. From 1998 to 2006, Bruno held different senior executive positions at worldwide retail leader Kering (former PPR Group – market cap. EUR 20B+), first as CEO of PPR Interactive and member of the PPR Executive Board, then as CEO of Fnac France, a major cultural, leisure and technological retail firm of the PPR group with a EUR 3B revenue. He started his career as a high-level civil servant at the Ministry of Economy, managing the privatization of various banks and public insurance companies in the late 90’s before being appointed Chief of staff of the Minister of Economy and Finance (Laurent Fabius) for 2 years. Bruno holds a Master’s degree in Sciences from the Ecole Centrale de Paris, he graduated from the Institut d’Etudes Politiques de Paris and is an alumunus of the elite post graduate Ecole Nationale d’Administration (Inspection Générale des Finances).