Galia Gestion, Alliance Entreprendre back Barbarie
Galia Gestion and Alliance Entreprendre have replaced owner Gilles Barbarie and LT Capital as investors of French pallet boxes business Groupe Barbarie, while the management team has retained a majority share.
The new round of funding saw the management team maintain a majority of shares, a spokesperson for Galia confirmed.
The SBO allowed previous investors LT Capital and owner Gilles Barbarie to exit the investment, while Galia and Alliance Entreprendre backed the company for an undisclosed sum.
The debt was provided by Crédit du Nord, Banque Tarneaud, Arkéa Banque and Caisse Régionale de Crédit Agricole Mutuel Charente-Périgord.
Previous funding
Paluel Marmont Capital (PMC) backed the company in 2008. Nine years later, a group of investors who had worked for PMC for 15 years founded LT Capital, which inherited two funds previously managed by PMC. A spokesperson for LT Capital confirmed that the GP managed the investment in Barbarie following the spin-out.
Company
Barbarie was founded in 1949 by Robert Barbarie and is based in La Chapelle-Faucher. Gilles Barbarie, the founder's son, took charge of the company in 1975.
The business produces pallet boxes and wood boxes used for vegetable and fruit transport, as well as for materials used in construction.
The company employs 100 staff and its turnover stands at €20m.
People
Galia Gestion – Vincent Schifano (CEO).
Alliance Entreprendre – Bertrand Pénicaud, Luc Pajot (investment directors).
Groupe Barbarie – Didier Chemin (CEO).
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