Turenne, Euro Capital back Stoll Trucks MBO

The transaction sees Robert Stoll, the founder of Stoll Trucks, selling a majority stake to the management team, led by Denis Garijo.

Turenne's Emergence team managed the investment for the GP. The team provides tickets of €3-10m to businesses generating a €5-50m turnover and valued up to €100m.

The GPs will help the business grow in Benelux via organic growth and acquisitions. A first bolt-on is expected to take place in 2020.

Banque Internationale à Luxembourg (BIL), the company's historical lender, as well as Banque Populaire Alsace-Lorraine-Champagne have provided debt for the transaction.

Company
Founded in 1990 and based in Leudelange, Stoll Trucks is a commercial and industrial trucks specialist. The company distributes the Renault Trucks and Fiat Professional brands, and offers maintenance and upkeep services. It also operates a rental fleet of around 500 vehicles. The business generated revenues of €40m in 2018.

People
Turenne Emergence – Guillaume Foillard (managing partner).

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