Bridgepoint exits designer Christian Liaigre Group
Bridgepoint Development Capital has sold French interior design and architecture studio Christian Liaigre Group to Symphony International.
Bridgepoint acquired Christian Liaigre in 2014 from Edmond de Rothschild Capital Partners (EdRCP), which had itself purchased a majority stake in the group in 2009 alongside founder Christian Liaigre. Bridgepoint took over EdRCP in 2014, with Bridgepoint managing the latter's investments.
Symphony, which teamed up with a co-investor for the transaction, was introduced to Bridgepoint via one of its portfolio company, Chanintr Living, which is Christian Liaigre's joint venture partner in Singapore and its distributor in Thailand.
The transaction should come to completion in June 2016.
Under EdRCP and Bridgepoint's stewardship, the Liaigre group expanded the number of its showrooms from nine to 26 and developed its international network across Europe, China and the US. A recent development was the establishment of a design studio focusing on interior design for the luxury yacht market.
Company
Christian Liaigre is a Paris-based company that specialises in luxury interior designs and architecture for private homes, yachts and public spaces. The company, which also produces furniture, has showrooms in Paris and London, and subsidiaries in the US. Christian Liaigre founded the company in 1986.
The group currently generates revenues in excess of €50m, 90% of which are made outside of France. It employs around 120 people.
People
Bridgepoint – Olivier Nemsguern (partner).
Adviser
Equity – Edmond de Rothschild Corporate Finance (corporate finance); Michel Dyens & Co (corporate finance); Mayer Brown (legal); EY (financial due diligence); Bain (commercial due diligence).
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