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)

logo idi isla

Groupe IDI, the listed France-based private equity firm, along with the management of Isla Delice, the France-based meat delicatessen, frozen and ready meal producer, has acquired the company in a management buyout transaction, from Naxicap Partners, the France-based venture capital firm, for an undisclosed consideration.

Under the terms, Jean-Daniel and Frederique Hertzog, the founders of Amalric, has retained their 51% stake in the company. Amalric reported revenue of EUR 50m in the year 2014. The transaction has been financed with senior debt financing arranged by BNP Paribas, Societe Generale, Banque Populaire Rives de Paris and Caisse d'Epargne et Prevoyance Ile-de-France and mezzanine financing arranged by Tikehau Investment Management.

The tranaction will enable Amalric to strengthen its leadership by expanding its offering in France. The tranaction will also enhance Amalric to expand overseas.

Prior to the acquisition, Naxicap Partners held 49% stake in Amalric.

Source Link:
Groupe IDI press release, 22 July 2015

logo parquest cmcic

Parquest Capital, the France-based private equity firm, and CM-CIC Investissement, the France-based private equity firm, along with the management and employees of Caillau, the France-based company engaged in manufacturing of high performance stainless steel clamps for automotive and aerospace industries, has acquired majority stake in the company in a management buyout transaction from Arkea Capital Investissement, the France-based private equity firm, 2JP Finances, the Frence-based investment holding company and ING Belgium SA/NV, the Belgium-based banking and insurance group and a subsidiary of ING Groep N.V., the listed Netherlands-based company that provides banking, insurance and asset management services, for an undisclosed consideration.

Caillau reported turnover of more than EUR 60m for the year 2014 and currently operates with 470 employees. The transaction was financed with mix of mezzanine and senior debt. The transaction will provide new phase in the development to Caillau and will enable Caillau to build a new production site in order to face the steady growth of its sales.

Source Link:
Parquest Capital press release, July 2015

Dzeta Conseil, BNP Paribas Developpement SA, SCR and Indigo Capital France SAS, the France-based private equity firms have acquired majority stake in Nerim, SAS, the France based company operating as a broadband service provider that offers digital subscriber line services, from Fondations Capital LBO Partners, CM-CIC Capital Prive, Capzanine and Perfectis Private Equity, S.A., the France-based private equity firms, for an undisclosed consideration.

Nerim SAS had reported a turnover of EUR 40m for the year ended 2014. The transaction will enables Nerim to grow in France and abroad by capitalizing it’s high-end infrastructure, technical DNA and large client portfolio. The acquisition will allowing the Nerim to take on a new dimension nationwide and widening its product offering. Post transaction, management team, led by the president Cyril de Metz will retains a minority stake.

In April 2012, Fondations Capital LBO Partners had acquired Nerim in a management buyout transaction.

Source Links:
Fondations Capital LBO Partners press release, April 2015 (French)
LD&A Jupiter press release, 16 April 2015
LD&A Jupiter press release, 16 April 2015 (French)

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