NCI Gestion, Unexo back Filpack in OBO
NCI Gestion and Unexo have secured a minority stake in the owner buyout of Filpack, a French manufacturer of packaging for the fruit and vegetables sector.
The OBO saw NCI Gestion and Unexo invest €4.5m for a minority stake. A spokesperson for NCI Gestion confirmed Filpack president Philippe Godderis and his family have retained a majority stake in Filpack.
Previously, the Godderis and the Gignoux family each owned a 50% stake in the company, Unquote understands; the Gignoux family have now exited the investment.
NCI Gestion used its Reprendre et Développer 4 fund for the transaction. The fund can invest up to €10m per transaction to acquire both majority and minority stakes in French companies across the Normandy region with turnover in excess of €4m, according to Unquote Data.
Company
Founded in 1977 and based in Pierrelaye, Filpack is a French packaging manufacturer for the fruit and vegetables sector. The company is said to be generating €126m turnover and has a workforce of 400 people. It acquired French competitor L'Univers de l'Emballage in 2015.
People
NCI Gestion – Christophe Douffet (investment director).
Filpack – Philippe Godderis (CEO).
Unexo – Maryan Deroo (investment director).
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