Argos Soditic to buy Henri Selmer

Management, as well as some previous investors from the Selmer family, will reinvest alongside the GP. 

The fund to be used for the transaction is Euroknights VII Argos Soditic, which held a €520m final close in November 2017.

The transaction will be completed on an all-equity basis.

This acquisition was supported by the 55 shareholders representing the fourth and fifth generation of the Selmer family, all of them being descendants of the company's founder, Henri Selmer.

The GP has some expertise in the sector. From 2009-2012 it was invested in woodwind musical instruments manufacturer Buffet Crampon. Under Argos Soditic ownership, the group carried out several acquisitions: Besson in 2006, Antoine Courtois in 2007, the Leblanc clarinet plant in 2008 and Schreiber in 2010. Turnover rose from €44m to €67m, while headcount doubled from 280 to 560 people.

Company
Henri Selmer Paris was founded in 1885 and manufactures high-end saxophones, clarinets and mouthpieces. Henri Selmer is present in more than 60 countries, with the French market covering only 13% of sales. Half of sales are in Asia, particularly in Japan and in China.

The company employs 500 people and had $40m of revenues in 2017. Its headquarters are in Mantes-la-Ville.

People
Henri Selmer Paris – Jérôme Selmer (CEO).
Argos Soditic – Louis Godron (partner).

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