France
FRANCE - Industri Kapital acquires Groupe Etanco
Industri Kapital has acquired Groupe Etanco from the Lebraut family after a share purchase agreement. Industri Kapital acquired Etanco in partnership with company CEO Ronan Lebraut, members of the founding family and the management.
FRANCE – Sofimac and SGPE Lead OBO of APIA
Sofimac and SGPE both lead an OBO of APIA with an investment of EUR 1.05m each. Also investing were Centre Capital Development with EUR 350,000, Neoveris who invested EUR 300,000 and Centre Loire Expansion to the tune of EUR 100,000. Apia recorded a turnover...
FRANCE – Sofimac and CDC Entreprises invest EUR 2m in Onixxa
Sofimac Partners and CDC Entreprises have jointly invested EUR 2m in Onixxa. Founder Phillippe Andrieu retains a majority stake in the company following the deal.
FRANCE – Nempartners acquires 5.1% of Proméo
Nempartners acquired 5.1% of Groupe Proméo via its Nem Invest fund. The Ganiveq family retains a majority 41% while Batipart has a 30% stake. Proméo recorded a turnover of EUR 84.3m in 2006 and achieved 20% growth in 2007 recording a turnover of EUR 125m....
FRANCE – Acto Mezzanine stages final close on EUR 187m
Acto Mezzanine completed the final close of Acto Mezzanine FCPR on EUR 187m ahead of its target size of EUR150m. Insurance company Groupama committed approximately 40% of the fund’s total, while the balance was financed by French institutional investors,...
FRANCE – Avenir Enterprises accompanies MBI of Pageard Maronneau
Avenir Enterprises completed an MBI of Pageard Maronneau with two exterior managers. The deal saw the founders’ son who privately held Pageards Maronneau exit his stake in the company while Avenir took 36% and the external managers took 64% of the shares....
FRANCE – Platina Finance exits two windfarm companies
Platina Finance Limited has announced the exit of its Mistral Windfarm I fund from Mistral en Beauce and Ferme Eolienne La Remise des Bruyeres. The two companies which own windfarms and generate 36mw between them were acquired by Poweo and Dutch Infrastructure...
FRANCE - Turenne Capital leads EUR 6.2m LBO of Dedienne Santé
Turenne Capital has led the EUR 6.2m LBO of Dedienne Santé via funds under its management and Turenne Investssement, the latter investing EUR 2.95m. The deal saw Turenne purchase a majority share of the medical equipment company ahead of Banques Populaire...
FRANCE - Tiempo completes EUR 1.1m first round financing
In a first round of financing Emertec Gestion and Schneder Electric Ventures have invested EUR 1.1m in Tiempo.
FRANCE – Astorg Partners appoints director
Frédéric Sebbag, a graduate of both Ecole National des Pontes et Chaussées and the Sorbonne, has been appointed director in the Astorg team.
FRANCE – Barclays Private Equity back EUR 60m buyout of Martek Power
Barclays Private Equity (BPE) has backed the management buyout of Martek Power. The deal sees BPE invest alongside the founder and management to take a 60% stake in the business. Non-executive family members exit their shares in the company at this time,...
FRANCE – Rothschild Capital Partners takes majority stake in NextPool
In a propriety LBO deal, Edmond de Rothschild Capital Partners took a majority stake in swimming pool equipment manufacturer NextPool Group alongside CEO, Régis Roux and members of the board of directors who also become shareholders. The deal sees investors...
FRANCE - Alpha Associés Conseil invests EUR 15m in Babilou
Alpha Associés Conseil invested EUR 15m in Babilou in return for around a third of the equity while the management retains around two thirds. Babilou had a turnover of EUR 9m in 2007 and predicts an increase to EUR 18m in 2008.
FRANCE – Alpha Associés Conseil acquire around 70% of the Frial Group
In a deal worth over EUR 50m, Alpha Associés Conseil acquired around 70% of the Frial Group from the two founding families via The Alpha Private Equity Funds 5 (APEF5). The management has invested alongside taking their stake in newco Glacies Holding...
European LPs: optimism, naivety or realism?
Despite the recent credit crisis, there appears to be relative optimism among European LPs compared with their North American and Asian counterparts. Would the immaturity and naivety of the European private equity industry be the cause of this so called...
FRANCE - Seventure leads EUR 6m expansion funding for Tekka
Seventure has led a EUR 6m expansion round in Tekka. The deal saw Seventure invest EUR 3.5m while CM-CIC Capital Privé invested the remaining EUR 2.5m. The two firms hold more than 33% of Tekka while CEO Thierry Rotta, family and affiliates retain a majority...
FRANCE – Decomeubles Partners acquires BUT for EUR 550m
Decomeubles Partners, which is backed by a consortium composed of Colony Capital, Goldman Sachs and Merchant Equity Partners, has acquired BUT for EUR 550m from Kesa Electricals. The EUR 550m purchase price is subject to adjustment for debt and other...
FRANCE – Argos Soditic leads MBI of Groupe Mertz
Argos Soditic associated themselves with an external manager and current director Jérôme Begey to acquire Mertz SA and Mertz Conteneurs, collectively know as Groupe Mertz, in an MBI deal of undisclosed value.
FRANCE – Wendel rumoured to seek Editis exit
Wendel Investissement is reported to be seeking to divest Editis, the second largest publishers in France. The company is valued at between EUR 750 and 950m.