Turenne Santé backs Easy Shower OBO

It is the first time Easy Shower has opened its capital to an external investor. The transaction enabled company founder Régis Rocton to reduce his stake in the group.

Part of the Turenne Capital firm, the Turenne Santé subsidiary has around €110m at its disposal, including €60m for the FPCI Capital Santé 1 fund. The team invest in healthcare companies through venture, growth capital and buyout deals.

With Turenne Santé's support, Easy Shower will keep developing its product offering, and should start considering external acquisitions, according to the GP.

Although Turenne Santé did not disclose details of the investment, local media reports stated the investor took a minority stake in the group.

Debt
A senior debt package provided by Crédit Agricole supported the transaction.

Company
Founded in 2003 by Régis Rocton, Easy Shower specialises in the design, manufacture and distribution of showers and bathtubs adapted to the needs of the elderly and the disabled. The group commercialises its products via the Easy Shower and Crystalyne brands, and claims to have installed 15,000 showers since inception.

Easy Shower currently generates revenues of €15m, and employs 70 people.

People
Turenne Capital Partenaires – Benoît Pastour (managing director); Paul Chamoulaud (investment director). 

Advisers
Equity – ACA-Nexia, Hervé Krissi, Hervé Teran (financial due diligence); Lamartine Conseil, Olivier Renault, Gary Levy (legal).
Vendor – SBDF, Patrick Loirat (corporate finance); Thierry Chancerel (legal).

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• Topics
• Buyouts
• France
• Consumer
• France
• Turenne Capital Partenaires
• Owner buyout