Socadif, BPI France sell Eurosites via trade sale

According to press reports, Chateauform has acquired the business for an undisclosed amount alongside Eurosites' management team, while previous investors BPI France and Socadif fully exited the business. The merged group aims to generate a turnover of €200m in 2017. The GPs were not available to comment at the time of publication.

Reportedly, Brussels-based lender Degroof Petercam has arranged an undisclosed debt package to support the transaction, which invloved Indigo Capital, Artemid and Credit du Nord.

At the end of December 2016, Naxicap sold its stake in Chateauform to the management team, led by the company's chair Daniel Abittan. The management now fully owns the business. According to unquote" data, Naxicap acquired a minority stake in the company for €15.8m in 2012. Chateauform posted a turnover of €136m in 2015.

Previous funding
BPI France and Socadif acquired a minority stake in Eurosites in March 2011 for an undisclosed amount.

Company
Founded in 1992 and headquartered in Paris, Eurosites manages and rents event venues and provides catering services mainly in the Paris region. The company is reported to generate €40m in revenues in 2016.

People
Groupe Chateauform – Daniel Abittan (co-founder, chair).

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• BPI France
• Socadif