Industries et Finances buys Gesop from BNP Paribas

The transaction is the first completed through the GP's third fund, Industrie et Finance Investissements III, which held a first close in 2012 on €60m. The vehicle has a €125m target.

The new owner will implement a buy-and-build growth strategy for the firm.

Debt
BNP Paribas, Banque Populaire and Société Générale provided a senior debt package to support the transaction.

Previous funding
BNP Paribas Développement acquired a 33% stake in the firm in 2011 via a leveraged buyout.

Company
Founded in 1987 and based in Saint-Germain en Laye, Gesop develops firebreak systems. The company's technology is primarily focused on fire-proof closing systems and smoke ventilation equipment. Its customer base includes companies in distribution, industry, construction and the public sector and is mainly found in the Paris area.

The firm has a turnover of around €12m.

People
Valérie Bouilhet-Ferri worked on the transaction for BNP Paribas. Industries et Finances was represented by Pierre Corbet, Franck Boulland, Sophie Pourquéry, Pierre Mestchersky and Emmanuel Harlé.

Advisers
Vendor – Edmond de Rothschild Corporate Finance, Robert Peterson, Marc Lebrun (Corporate finance); Fuchs Cohana Reboul et Associés, Olivier Mourain (Legal).
Acquirer – Ernst & Young, Jean-François Nadaud, Guilhem de Montmarin (Corporate finance); Chammas & Marcheteau, Lola Chammas, Antonin Cubertafond, Marion Fabre, Jérôme Chapron (Legal); Indéfi, Julien Berger, Medhi Belefqih (Commercial due diligence); Arsène Taxand, Frédéric Teper (Tax); SCP Bardavid Tourneur, Jean-françois Tourneur, Gladys Annaïmi (Other due diligence).

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• Topics
• France
• Industrials
• Exits
• Buyouts
• France
• BNP Paribas