EdRip backs Globe Groupe
Edmond de Rothschild Investment Partners (EdRip) has acquired a minority stake in French marketing consultant Globe Groupe for an undisclosed sum.
The GP financed the transaction with equity from Winch Capital III, a €300m vehicle that held a final close in September 2014.
Early-stage investors EPF Partners (now a division of Apax Partners) and Turenne Capital sold their stakes in the business to EdRip. The founder and chairman, Jérémy Dahan, will retain a majority stake.
Globe will target acquisitions to expand its geographic coverage with support from EdRip and associated banks Banque Populaire Rives de Paris and LCL.
Previous funding
In July 2007, Paris-based private equity firm Turenne Investissement invested €670,000 in Globe as part of a buyout.
Then in April 2012, EPF Partners invested an undisclosed amount and Turenne simultaneously reinvested €1.5m in the company.
Company
Founded in 2002, Globe is a marketing firm that provides media distribution services. The firm is based in Paris, France. Globe generates a €40m turnover and has a staff of 130.
People
Edmond de Rothschild Investment Partners – Pierre-Yves Poirier, Sylvain Charignon (partners); Thomas Duteil (investment director); Aurélie Denieuil (analyst).
Globe Group – Jérémy Dahan (chair).
Advisers
Equity – Archers, Marc Baffreau, Guillaume Bain (legal); EY, Stéphane Seguin, Guillaume Lestang (financial due diligence); Jean-Daniel Pick, Gianluigi Indino, Ambroise de Sainte Foy (commercial due diligence).
Company – Transaction R, Sébastien Proto, Virginie Lazès, Anthony Benichou Pierre Gibour Guillaume Marquet Vasselot (M&A); SVZ, Franck Sekri Emmanuelle Vicidomini Antoine Hai (legal); 8 Advisory, Xavier Mesguich, Yoann Garaud (financial due diligence).
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