Nord Capital and Turenne inject €4.5m into Eurovanille

The funding round, provided in equity, marks the entrance into the group of Nord Capital Investissement, a Crédit Agricole Nord de France subsidiary; Nord Capital Partenaires, which invested via its FIP Nord Cap VI fund; and of Turenne, which invested via FIP Entreprises Familiales Exportatrices II.

All investors now hold a minority stake in the group.

The group has registered 10% annual growth on average over the last decade. With the GPs' backing, it hopes to double its turnover over the next five years, raising it from €20m to €40m, and to double its 6% market share.

Eurovanille will look to grow its sales team, the company said in a statement. Finally, the company will be on the lookout for acquisitive growth opportunities.

Previous funding
Audacia provided €1m funding to Eurovanille in 2014.

Company
Founded in 1990 by Laurent Bourgeois and based in Gouy-Saint-Andre, Eurovanille transforms and sells vanilla in liquid form (extract, concentrate, aroma), pods and natural powder. The company targets primarily industrial customers, such as restaurant owners, pastry chefs and ice-cream makers, as well as wholesalers.

Eurovanille claims to represent 6% of the world market in its segment, with 70% of its turnover generated abroad. The group gets its supplies primarily from Madagascar, with extra plants in India and Mauritius, and reports a €20m turnover.

People
Nord Capital Partenaires – Christophe Deldycke (CEO); Charles François (investment director); Pierre Bon (associate).

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• Topics
• Expansion
• France
• Consumer
• France
• Nord Capital Investissement (Participex)
• Turenne Capital Partenaires