WCP invests in Alliance Marine
Weinberg Capital Partners (WCP) has invested in French marine equipment business Alliance Marine.
Following the deal, the business will look to increase its international distribution network.
WCP has a track record of investing in similar companies, having backed auto parts distributor Alliance Automotive Group in a €300m deal in 2006. The firm then sold Alliance Automotive to Blackstone and the company's founders for a reported €440m in August 2014, having implemented an acquisitive international growth strategy.
Debt
The deal was supported by a unitranche debt facility provided by Goldman Sachs.
Company
Founded in 1999, Alliance Marine is a business-to-business distributor of marine equipment and spare parts for both recreational and professional sailing. Its brands include Euromarine, Dolphin and Super Marine. The company generates a turnover of around €100m and has a headcount of 350.
People
Weinberg Capital Partners – Philippe Klocanas (partner); Baptiste Fournier (deputy director); Anthony Guillen (relationship manager).
Alliance Marine – Jean-Paul Roche (CEO).
Advisers
Equity – Allen & Overy, Marc Castagnède, Romy Richter, Jean-Christophe David, David Sorel, Flora Leon-Servière, Benjamin Marche (legal); KPMG, Axel Rebaudières, Jack Rupchandani (financial due diligence); OC&C, Henri-Pierre Vacher, Bruno Bousquié, Raphaëlle Margail (commercial due diligence).
Vendor – Lazard, Nicolas Constant, Charles Andrez, Guillaume Mallen, Kevin Le Pelvé (M&A); Linklaters, Alain Garnier (legal); 8 Advisory, Justin Welstead, Paul-Henri Chopin (financial due diligence); Advention, Alban Neveux, Ahmed Kadriz (commercial due diligence).
Debt – Paul Hastings, Olivier Vermeulen (legal).
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