CM-CIC Investissement backs Bougrier

Francesca Veronesi
09 February 2018

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CM-CIC Investissement has bought 32% of the French wine-making business Bougrier, as part of an owner buyout.

Nicolas Bougrier will take on ownership from his father Noël Bougrier, with CM-CIC Investissement injecting €4.2m into the business.

Senior debt for the transaction was provided by CIC Ouest as well as Crédit Agricole.

Company
The Bougrier family has produced wine in the Loire valley since the late 1880s. Based in Saint-Georges-sur-Cher, the company harvests and oversees the vinification, breeding, blending, bottling and marketing of its wine. The business has been in the hands of the Bougrier family for six generations.

Clients of the business are mainly large retailers. Bougrier exports nearly half of its production to 30 countries, including the US. The company, which has 36 employees, generated a turnover of €21m in 2017.

People
CM-CIC Investissement – Stéphane Mentzer (investment director); Romain Freismuth (chargé d'affaires).
Bougrier – Nicolas Bougrier (CEO).

Advisers
Equity – Becouze Crowe Horwathm, Jean-Paul Messie, Charles-André Lefeuvre (legal); 1897 Avocats, Clémence Baron, Olivier Klein (legal).
Company – Paulhan & Associés, Olivier Paulhan, Anne-Laure Guillaume (legal).