PE-backed footwear retailer Sarenza sold to trade
HLD-, BPI France- and Akila Finance-backed online footwear retailer Sarenza has been acquired by French retailer Monoprix.
BPI France acquired a majority stake in Sarenza in 2014, investing alongside private equity houses HLD, Akila Finance and management. Terms of the deal were agreed at €74m, with BPI injecting €27m. Management retained a minority stake at the time.
Monoprix, a subsidiary of retail group Casino, is present in 250 cities in France and operates 800 stores, employing 21,000 staff. Monoprix generated a turnover of €5bn in 2017.
Company
Founded in 2005, Sarenza sells footwear and accessories online. The company is based in Paris and retails to 30 countries in Europe. The site achieved €250m in sales in 2017.
People
Casino – Jean-Charles Naouri (CEO).
Monoprix – Régis Schultz (president).
Sarenza – Stéphane Treppoz (president).
HLD – Jean-Bernard Lafonta, Jean Hubert Vial (partners).
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