Azulis Capital leads Brunel SBO

Azulis now owns a majority stake in the business. It was joined by Gimv, BNP Paribas Développement, Synergie Finance, Croissance Nord Pas de Calais and the company's management.

CIC Nord Ouest and Crédit Lyonnais arranged senior debt for the acquisition, which was further syndicated to BCMNE, BCME, Crédit du Nord, Société Générale and BNP Paribas.

The former shareholders wanted to sell the retail customers operations of Groupe Doucet, which they acquired in 2004, to better focus on the group's trade customers.

Lille-based Brunel manufactures household cleaning products, including products for floors and other surfaces, wood restoration, metal restoration and other materials, and insecticides. Its products are marketed for specialised distribution, especially through large DIY chains. In 2010, the group achieved a turnover of €62m with a total staff of 260 people.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com

 

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