ACG Management and Capelia exit Brevet Carrosserie

The exiting GPs are selling their stakes to industrial group Toutenkamion, which will be the company's new majority owner.

Philippe Verne, who had been appointed CEO of Brevet Carrosserie when ACG and Capelia invested the group in 2009, will remain in his position.

Brevet Carrosserie should be able to benefit from Toutenkamion's international network and expand abroad, according to ACG.

The transaction was supported by a senior debt package provided by BNP Paribas, CIC and Crédit Agricole.

Previous funding
In 2009, ACG (then known as Vivéris Management) and Capelia backed newly appointed CEO Philippe Verne in the MBI of Brevet Carrosserie. The investors took a majority stake in the company with an equity investment of around €2.6m, while the founding family sold its shares.

Crédit Agricole, BNP Paribas and Banque Cantonale de Genéve provided a senior debt package to support the transaction.

Company
Brevet Carrosserie was founded in Viriat by Victor Brevet in 1920. The company specialises in building industrial custom-made vehicles and HGVs. From a personalised set of specifications, the firm designs, prototypes, industrialises and manufactures the vehicle according to the client's demands.

The group posted €8.5m in revenues in 2016 and currently employs 80 people.

People
Capelia – Jean-Christophe Fayard (partner, investment director); Yvan Bachaud (associate).
ACG Management – Xavier Ferry (investment director); Quentin Lestrehan (associate).

Advisers
Buyer – Orcom, Pascal Valton (corporate finance); David de Almeida (legal).
Vendor – Inspirit Partner, Frédéric Roux, Cédric Huet (corporate finance); AlcyaConseil, Laurent Simon, Marion Menu (legal).

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