Ouest Croissance and CM-CIC back Sidamo’s MBO

The MBO is the company's second; Arkéa Capital Investissement supported a buyout by two company executives in 1994.

As part of Ouest Croissance and CM-CIC's MBO, executives Olivier Gaillaud and Jérôme Germain will become new shareholders in the group, marking the exit of Paul Seignolle and Patrice Veneault. Together, Ouest Croissance and CM-CIC will be joint majority owners, holding around two thirds of the company’s capital.

While Seignolle and Veneault will stay on board during the takeover period, they no longer hold any shares within the group. Gaillaud and Germain will become CEO and managing director of Sidamo, respectively. Formerly a senior member of KPMG Blois, Florence Aubier joins as the group's finance and administration manager.

Company
Founded in 1967 and based in La Chaussée-Saint-Victor, Sidamo provides tools and machinery for the building and maintenance services sectors.

The group designs, builds and distributes a range of machinery used predominantly in metalworking and for the cutting of materials.

Sidamo currently claims revenues of €14.5m and has 42 employees, according to a company release.

People
Ouest Croissance – Henri Guillermit (deputy chair of the board); Olivier Philippon (investment director).
CM-CIC Investissement – Thierry Aubert (investment director); Romain Freismuth (associate).

Advisers
Equity – Oderis Consulting, Aurélien Vion (financial due diligence); Cornet Vincent Segurel, Olivier Greffard (legal).
Vendor – Fidal, Dominique Lemaire (legal).

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• Topics
• Buyouts
• France
• Industrials
• France
• Ouest Croissance
• Credit Mutuel Equity (ex CM-CIC Investissement)