Alliance Etiquettes was formed after Activa acquired labelling specialist Imprimerie Laulan in 2015 and merged it with Enes Group, which it bought later that same year.

Following the Groupe Etienne bolt-on, Alliance Etiquettes will generate a turnover of €50m and employ 300 employees. It is expected to keep growing in France and abroad as a buy-and-build platform.

Previous funding
Groupe Etienne underwent an MBI led by Eric Le Floch with the backing of Paluel-Marmont Capital in 2007. In 2011, the group was taken over by its management, backed by GPs Alliance Entreprendre, Paluel-Marmont Capital and Sodero.

Company
Headquartered in Doué-la-Fontaine and founded in 1961 by the Etienne family, Groupe Etienne is a French producer of adhesive and traditional labels for the wine industry. The group operates several facilities in France.

People
Alliance Etiquettes – Olivier Laulan (president).
Activa Capital – Alexandre Masson, Christophe Parier (partners); David Quatrepoint (manager).
Groupe Etienne - Philippe Gauthier (CEO); Eric Le Floch (chair).
Alliance Entreprendre - Laurent Colléatte (vice-president), Camille Centelles (investment director).

Advisers
Equity - 8 Advisory, Bertrand Perrette, Blandine Baiget, Julie Vuarchex, Maxime Echard (financial due diligence); Brunswick, Sébastien Peronne, Aude Idris, François Vignalou (legal); Indefi, Julien Berger, Adam Laissaoui (commercial due diligence); Mayer Brown, Olivier Aubouin, Marine Ollive, Renan Lombard-Platet, Patrick Teboul, Maud Bischoff, Marion Minard, Elodie Deschamps (legal);
Company - Lincoln International, François Rispoli, Philippe Rapin, Elliot Thiéblin (corporate finance); Lamartine, Vincent Libaud (legal); Grant Thornton, Nathalie Margraitte, Thierry Dartus (financial due diligence).

 

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• Topics
• Portfolio management
• France
• Industrials
• Exits
• France
• Activa Capital
• Build-up
• Trade sale
• Sodero
• 8 Advisory
• Mayer Brown
• Lincoln International
• Lamartine Conseil
• Grant Thornton