IDIA and Liberfy acquire 66% of Gyma

The investors secured their stake through a €6m capital increase via the new holding company Gymco - owned at 49% by IDIA and 51% by Liberfy. Previous shareholders retain a 30% stake in the business, while management acquired the remainder of the shares.

Founded in 1992, Gyma produces a range of sauces and spices. Its revenues declined sharply between 2006 and 2010, when the company posted a €50m turnover. Gyma benefited from a safeguard procedure in 2009 to protect it from bankrupcy.

Following the capital increase, Gyma will now look to exit the safeguard procedure and sell its spices division. It will then focus on its sauces production activity to drive organic growth over the coming years.

IDIA and Liberfy plan to inject more equity in the business in 2012.

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• Topics
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• Buyouts
• Turnaround/Special Situations
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• France
• Small-cap buyout