
Cobalt acquires Barat Group
Cobalt Capital has acquired French commercial labels producer Barat Group from the Letellier family for an undisclosed amount.
The founding family will retain a 25% stake in the business, while management will hold 21% of the capital. CIC and Banque Populaire Atlantique co-arranged senior debt to finance the acquisition.
Cobalt Capital intends to reinforce the group's commitment to the wine market and aims to actively pursue the strategy of acquisition led by the founding family.
Barat, based near Bordeaux, is a producer of commercial labels for the wine and spirits industry in France. The group of five companies, built through external growth, has annual revenues of €25m.
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
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater