Siparex backs Berkem with €10m of mezzanine

Olivier Fahy, Berkem's CEO, has ambitions to grow the company from an SME to a larger business. The fresh capital has been earmarked to finance the addition of another industrial site to the company's holdings, having recently acquired one in Blanquefort near Bordeaux. The company will also look to keep growing its international activity, which currently accounts for around 40% of revenue.

According to Siparex, the capital committed by the mezzanine fund is in excess of €10m. The deal comes a few months after Siparex Intermezzo provided mezzanine funding to electronic component manufacturer Silfox in January 2015.

Previous funding
In 2000, Berkem received €18m in equity from Idianova, an investor supporting companies in the agrifood industry. In January 2008, Idianova sold its stake in Berkem division Innovative Assets to Naturex for €9.5m.

In 2015, PE firm M Capital Partners committed €4m in convertible bonds to Berkem. CEO Olivier Fahy has retained a majority stake in the company throughout.

Company
Berkem is a French SME producing chemicals based on the use of plant extracts and natural components. Its products are intended for the cosmetics and agrifood sectors.

Berkem has opened two branches in the US and one in Thailand, and owns two production sites, one in the Dordogne department and one in Bordeaux.
It registered a €34m turnover for 2015.

People
Siparex Intermezzo – Richard Dalaud (executive committee president); Philippe Dutheil (executive committee member).

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• Topics
• Expansion
• Industrials
• France
• Siparex
• France
• Mezzanine