CM-CIC to take over FDG Group

Alice Tchernookova
16 February 2017

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French investor CM-CIC will acquire France Distribution Group (FDG) from previous owner Deutsche Beteiligungs AG (DBAG).

DBAG backed the group in 2011, taking a majority stake for an undisclosed amount.

The deal was made official through an announcement published by Autorite de la Concurrence, the French competition authority.

During the holding period, the group's turnover went up from around €111m to €128m in the most recent financial year.

DBAG was not available for comment at the time of publication.

Previous funding
In June 2010, DBAG acquired a 79.6% stake in FDG from its founding families. DBAG invested €4.9m from its own balance sheet for 15.5% of the company, alongside its co-investment fund DBAG Fund V, which took a 64.1% stake. Members of FDG's management acquired the rest of the shares. The parties agreed not to disclose the overall purchase price, but was confirmed to be in the €50-100m range, according to unquote" data. Leverage of an undisclosed amount was provided by a syndicate of banks to support the transaction.

DBAG planned to support the company's growth both organically and through acquisitions, particularly in Germany.

Company
Founded in 1973 and based in Orly, FDG specialises in the manufacture and supply of non-food consumer goods to the retail sector. It also provides logistics services, as it controls the supply chain and packages the products.

The company's product range includes more than 12,000 items. According to unquote" sister publication Mergermarket, FDG claimed revenues of €128m in 2014 and employed 750 people.

People
Deutsche Beteiligungs AG – Rolf Scheffels (management board member); Tom Alzin (managing director).