Logo Azulis Capital Meotec

Azulis Capital has acquired 22% of French consultancy Meotec, while the management team has retained the remainder.

Founder Richard Carons bought a 55% stake, while management retained around a quarter of the business.

The GP invested via Middle Market Fund V, which typically targets businesses with EV between €15-150m, providing equity tickets ranging between €10-15m, according to Unquote Data.

Founded in 2005, Meotec is a consulting firm, providing services such as project management, sales and logistics, and economic performance consulting. Based in Boulogne-Billancourt, the group generated a €30m turnover in 2017. The business employs 300 consultants.

Logo Raise LMB fans and motors

LMB Aerospace, a Brive, France-based manufacturer of fans and electric engines for civil and military aeronautical applications (aircraft, helicopters, drones), has entered into exclusive talks to be acquired by the investment firm Raise Investissement, according to a company announcement.

PE firm MBO Partenaires, which has controlled a 80% stake since it bought the business from Honeywell in 2012, would re-invest in the transaction, alongside the management team, led by Thomas Bernard.

LMB Aerospace generates EUR 20m turnover and EUR 8m EBITDA.

Logo Towerbrook JJA

JJA, a leading French B2B product and service provider of home furnishing & goods, completed a partnership with TowerBrook to support the business in its international expansion strategy. TowerBrook has acquired a minority stake in JJA, via its Structured Opportunities fund (“TSO”). Jacques-Olivier Abiteboul, JJA’s CEO since 1999, retains the majority stake in the company and will continue, together with JJA’s management team, to lead the company, its strategy and operations.

Founded in 1976, JJA has grown steadily over the past 3 decades and, in recent years, has accelerated its development with double-digit annual sales growth. Headquartered in Blanc-Mesnil, JJA currently employs around 520 people and is highly regarded for the quality of its products and brands as well as for its operational, logistical and digital excellence. The Company has become a key partner to the main retail distribution channels in France in multiple product categories, ranging from home decoration to outdoor furniture, to kitchenware. In each category, JJA has developed its own well-recognized brands such as “Hespéride”, “Atmosphera” or “Secret de Gourmet” and offers to its retail clients a wide range of digital services to support their omni-channel capabilities.

Jacques-Olivier Abiteboul, JJA’s CEO and majority shareholder, seeks to continue JJA’s strong growth in France and at the same time accelerate its international expansion. The Company has partnered with TowerBrook because of TowerBrook’s deep expertise in the sector, its strong experience of supporting fast-growing companies and its ability to structure tailor-made solutions.

This investment follows a number of recent similar partnership transactions that TowerBrook has pursued with founder-led businesses such as OVH, La Maison Bleue and Gravity.

logo cerea partneraire

Cerea Partenaire, the France-based private equity firm, has announced that its fund Cerea Capital II has acquired, from Azulis Capital, Store Novation (with its two main subsidiaries Sitour and Caracteres), a French leader in point-of-sale advertising solutions (signage, price labeling, merchandising, and in-store theater material), mainly for large-scale food retailers.

The article is available online here (in French): https://capitalfinance.lesechos.fr/transactions/cerea-partenaire-succede-a-azulis-dans-store-novation-47504.php

rothschild studia

Edmond de Rothschild Investment Partners, S.A.S., a France-based private equity firm, through its fund, Cabestan Capital 2, has acquired a 40% stake in Studia SAS, a France-based IT engineering firm, for an undisclosed consideration. The investment will enable the development of Studia by strengthening its financial capacity to become the market leader of content management in France. Post transaction, the three founders of Studia will retain a 60% stake in the company. Studia intends to pursue its strategy of integrating complementary businesses, mostly through acquisitions.

The full press release is available here (in French).

logo AXA Ouevo

The management of Potel & Chabot, Edmond de Rothschild Investment Partners (acting on behalf of FPCI WINCH Capital 3) and AccorHotels have entered into exclusive negotiations with the shareholders of Potel & Chabot Group (majority shareholder: 21 Centrale Partners), to acquire the Group’s entire share capital.

By investing in an iconic brand, which enjoys an unrivalled position in France as well as enormous international potential, Edmond de Rothschild Investment Partners and AccorHotels will respectively hold 51% and 40% of the share capital. This transaction will provide Potel & Chabot Group with new development prospects.

Founded in 1820, Potel & Chabot Group, which generates revenues in excess of €100 million, has unparalleled expertise in the organization of tailor-made prestigious reception events. Through its two brands, over the years the Group has become the industry standard in both the luxury (Potel & Chabot) and premium (Saint Clair le Traiteur) segments. Its range covers three major, mainly B2B, activities: receptions for corporate and private clients, major sporting, industrial and cultural events (such as the French Open at Roland Garros, the Biennale des Antiquaires, 24 Hours of Le Mans and the Saut Hermès), as well as the exclusive management of unique venues within the heart of Paris: Pavillon Vendôme, Pavillon Seine, Pavillon Kléber, Pavillon Gabriel, Hôtel d’Evreux, Pavillon Cambon Capucines and Pavillon Dauphine.

In addition to the resources provided by its two new investors, Potel & Chabot Group will also be able to leverage the business expertise of AccorHotels in order to jointly develop innovative and sophisticated F&B offers for MICE1 guests (either in hotels or private rentals) as well as for a local clientele, by making use of personalized concierge services.

Logo Cerea BPICerea Partenaire, the France-based private equity firm, BPI France SA, the France-based principal investment firm and management of Global Pallets and Packaging Services (GPS), the France-based provider of providing reusable multi-way packaging solutions, have acquired the company in a management buyout transaction, from Arkea Capital, BNP Paribas Private Equity and Etoile ID, the France-based private equity firms, for an undisclosed consideration.

The transaction will expand GPS’ geographic presence in Asia, Africa and South America. Under the terms of an agreement existing minority shareholders Arkea, BNP Paribas and Etoile ID will reinvest an undisclosed stake in the company.
Source Link: Cerea Partenaire press release, 02 February 2017

logo mutares plastic2

Mutares AG, a listed Germany-based private equity firm has agreed to acquire heavy duty truck business of Plastic Omnium, a France-based company engaged in the manufacture and sale of automotive components and environmental products and services worldwide, for an undisclosed consideration.

The heavy duty truck business of Plastic Omnium will combine with STS and other two plants, that Mutares had acquired and creates a global truck supplier for cabin components with a total turnover of approximately EUR 400m and 2,700 employees in 15 plants. The transaction would have an accretive impact on the Plastic Omnium Group's profitability.

The heavy duty truck business of Plastic Omnium consists of five plants in France, two in China and respectively one plant in Germany and Mexico with more than 1,500 employees in total and that generated a turnover of EUR 190m. The transaction is subject to labour body procedures in the countries concerned and approval of competent competition authorities and expected to be completed in 2016.

Source Links:
Mutares AG press release, 18 November 2016
Mutares AG press release, 18 November 2016 (German)
Mutares AG press release, 18 November 2016 (French)
Plastic Omnium press release, 18 November 2016
Plastic Omnium press release, 18 November 2016 (French)

Cabestan Capital, the private equity fund of Edmond de Rothschild Investment Partners, S.A.S., the France based private equity firm, along with the management team led by Mr. Christophe Cornuejols, has acquired Ipside, the France-based intellectual property consulting company, in a management buy-out transaction, from Mr. Christian Schmit, the France-based private individual having interest in companies engaged in intellectual property consulting, for an undisclosed consideration.

This transaction will help Ipside to strengthen its expansion strategy both in France and in USA and China. This transaction will enable Ipside in further growth and development. The acquisition has received financing from BPCE Group, BPI France SA and LCL. Ipside generated revenue of EUR 15.5m with a workforce of 70 people, including 22 engineers and 13 lawyers patents over 6 local branches in France and 3 internationally.

Source Link:
Ipside press release, 08 September 2016 (French)

Weinberg Capital Partners, the France-based private equity firm, through its fund, Weinberg Capital Partners II, has agreed to acquire Alliance Marine SAS, the France-based distributor of marine equipments and provider of technical services and solutions for yacht and boat builder, for an undisclosed consideration.

Alliance Marine SAS generated a turnover of approximately EUR 75m and has 300 employees.

Source Link:
Autorite de la Concurrence, 21 July 2016 (French)

Logo PlatinaEquity CXP 2

 

Platina Equity Solutions, a France-based fund of PE firm Platina Partners LLP, the UK-based private equity and venture capital firm, has acquired an undisclosed majority stake in Centre d'eXpertise des Progiciels (CXP), a France-based application software analysis and consulting firm which provides assistance service for the evaluation, selection and optimization of software solutions, from Groupe Siparex, CM-CIC Capital Prive, NextStage SAS and Calao Finance, the France-based private equity firms, for an undisclosed consideration.

CXP has a headcount of 140.

Vespa Capital LLP, the UK-based private equity firm, Cathay Capital Private Equity, a France-based private equity firm, and Perspectives et Innovation, a France-based investment holding company having interest in manufacturers of cremation ovens, filtration systems and waste incinerators, has agreed to acquire ATI Environnement, a France-based manufacturer of cremation ovens, filtration systems and waste incinerators, from Mr. Philippe Berchon, a France-based private individual having interest in manufacturers of cremation ovens, filtration systems and waste incinerators, for an undisclosed consideration.

Post acquisition, Vespa will hold the majority stake in ATI. ATI is expected to generate annual revenue of EUR 25m in 2016.

UPDATE 21 March 2016: Vespa Capital LLP, Cathay Capital Private Equity and Perspectives et Innovation have completed the acquisition of ATI Environnement from Mr. Philippe Berchon.

The management of Briconord Sarl, the France-based manufacturer of wooden, aluminium and plastic construction products, alongwith Amundi Private Equity Funds and Societe Generale Capital Partenaires SAS (SGCP), the France-based private equity firms, have acquired the company is a management buyout transaction from Evolem SA, the France-based private equity firm, and Mr. Patrick Simonet, the France-based private individual having interest in manufacturers of wooden, aluminium and plastic construction products, for an undisclosed consideration.

Mr. Patrick Simonet, the director of Briconord, will step down but reinvested alongside Amundi and SGCP and will remain a shareholder of the company. Mr. Christian Guillou, President of Briconord, will become the new CEO of the company. Earlier in 2012, Evolem acquired Briconord from Nordlinger framily for an undisclosed consideration.

Source Link:
Credit Agricole SA press release, 4 January 2016 (French)
Aelios Finance press release, 16 December 2015 (French)

logo 21partners

21 Centrale Partners, a France-based investment firm of 21 Partners S.p.A., an Italy-based private equity firm, along with the founding members of Impact Sales & Marketing, a France-based company engaged in sales force outsourcing, commercial animation in retail distribution and merchandising for corporate clients, has acquired the company in a management buyout transaction, for an undisclosed consideration.

21 Centrale has acquired a majority stake while the three founding members, Mr. Francois Crepin, Mr. Remi Gammal and Mr. Francois Leveque, have reinvested in Impact to retain a minority stake. The investment allows Impact to diversify its service portfolio and expand operations in France and abroad. Impact reports annual sales of EUR 50m.

logo cerea unigrains

Cerea Partenaire and Unigrains SA, the France-based private equity firms along with the management of Ste Comtoise de Specialites Fromageres, the France-based manufacturer of cheese products, has acquired the company, in a management buy out transaction, from Ouest Croissance SCR and Industries & Finances Partenaires SA, the France-based private equity firms, for an undisclosed consideration.

The management team led by Mr. Michel Vanhove, the President and Founder of Comtoise, will retain a minority stake in the company. Comtoise reported revenues of EUR 26m in 2014 with a workforce of 35 employees. Industries & Finances made an 18% return on investment. In June 2007, Industries & Finances along with some external management, had acquired Comtoise, in a management buy in transaction.

Source Link:
Unigrains SA press release, 04 September 2015 (French)

Advention Business Partners

Head office: 6 rue Anatole de la Forge 75017 Paris, France +33 1 53 43 88 58