Capital Croissance acquires ID Systemes

According to a company statement, existing backer MB Industries retained a 20% stake in the French company, while the management took a 5% stake in the MBO.

Holding company Peroy Investissement and the previous management, hitherto majority shareholders in the group, have fully exited their stakes.

The fresh funding is intended to push the group into new territories across Europe, especially Italy and Spain. It will also look to improve its coverage of the French territory, and modernise its technology and equipment, a company statement said.

Capital Croissance invested through its CAIRN Capital I FPCI fund, closed on its €75m hard-cap in 2015.

Debt
The transaction was supported by a senior debt package arranged by Societe Generale and LCL.

Company
ID Systemes is a developer of management software for wine and spirit producers. Based in Reims and Nîmes, the company currently employs 100 people, and generates €10m in revenues, according to several reports.

The group's clients include distillers such as Castel Frères, Boisset la Famille des Grands Vins, Les Grands Chais de France, Groupe Thiénot, Pernod Ricard, Mumm, Bacardi, Wolfberger, Camus and Plaimont Producteurs.

People
Capital Croissance – Eric Neuplanche (managing partner); Fabrice Fleury (partner).

Advisers
Equity – NGFI, Ghislain d'Ouince, Jacques-Henri Hacquin (financial due diligence); Oderis Consulting, Jean-Christian Raymond, Nicolas Boucher (financial due diligence); Pierre Audoin Consultants, Dominique Dupuis, Olivier Rafal (commercial due diligence); Agilys Avocats, Karine Violeau, Carolle Thain-Navarro (legal).

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• Buyouts
• France
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• France
• Capital Croissance