M Capital, D&P and Siparex exit Groupe Faubourg

The three backers invested in the group in 2011, providing a combined €5m in an expansion round to fund the group's development. Their shares have now been reacquired by company management.

During the holding period, the Faubourg group's acquisitions included vehicle repairs service Sogepa, which services groups such as French electricity provider EDF and Johnson & Johnson. Sogepa registered €1m revenues at the time.

The acquisition of group Aniel enabled Faubourg to expand its offer of car spares, while that of ERCG helped it strengthen its management of company car fleets.

As a result, Faubourg tripled its EBITDA over the holding period to reach €5m at present, and doubled its turnover to €40m.

Previous funding
In October 2011, Siparex, via FIP Siparex Proximité Innovation, alongside D&P and M Capital (then known as Midi Capital), provided a €5m round of funding to Faubourg. The funding was earmarked to strengthen the business and employ extra staff in Lyon and Paris.

Company
Faubourg is a provider of bodywork and car spares and is specialised in car repair services. Headquartered in Troyes, the company generated revenues of €30m in 2010. The group manages 11 shops and generates revenues of €40m and a €5m EBITDA.

People
M Capital Partners – Florian Sforza (associate).

Advisers
Equity – Apparius Corporate Finance, Jérôme Pascal, Guillaume Santamaria (corporate finance); Beylouni Carbasse Guény Valot Vernet, Roland Guény (legal).
Vendor – Duclos Thorne Mollet-Viéville & Associés, Arnaud Vanbremeersch (legal).

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