Apax et al. to acquire Eric Bompard

The transaction could be finalised during the first quarter of 2018. It will allow the company to expand internationally and develop its online sales platform.

BPI France will invest via its Cultural and Creative Industries funds and Paris region funds.

A spokesperson for Apax Partners disclosed that the fund used for the transaction has not been launched yet and is currently fundraising. The fund will provide equity tickets of €10-30m. 

The fundraise followed the acquisition of EPF Partners, a French private equity firm focusing on small-cap deals, by Apax last year. Headed by the current EPF team, the new platform will invest primarily as a majority investor in companies valued at up to €100m. Apax Partners Development's investment strategy will complement that of Apax France's, which instead focuses on businesses with an EV in excess of €100m.

Company
Founded in 1986 and based in Paris, Groupe Eric Bompard has 56 stores and sells 500,000 items per year. The group has facilities in in France, Luxembourg, Belgium, Germany, Switzerland and the UK. The business generated a turnover of around €90m in 2017.

People
Eric Bombard – Lorraine de Gournay (CEO).

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• Topics
• Buyouts
• France
• Consumer
• Apax Partners
• BPI France