Alliance Entreprendre et al. back Demarne

Management retained a majority stake in the business.

Alliance Entreprendre, Nord Capital and Unigrains, all of which have held minority stakes since 2011, have reinvested in the company. Previous backers Unexo, Ouest Croissance and BPI France have realised their investments.

Financing for this transaction was arranged by a banking pool composed of Societe Generale, Crédit Lyonnais and Banque Populaire.

Demarne plans to begin a new growth phase by developing ready-to-cook products for restaurants, and potentially through external acquisitions.

Company
Founded in 1929 and based in Rungis and on the port of Boulogne-sur-Mer, Demarne is a seafood supplier to trade. It offers a range of fish, shellfish and crustacean products.

Through its two brands, Demarne and La Barre, the group serves a clientele mainly composed of caterers, wholesalers and traditional retailers. Demarne employs 145 people and generates a turnover of around €130m.

People
Demarne – Jean-Paul Demarne (president); Romain Demarne (manager).
Unigrains – Dominique Courcoul (investment director).
Alliance Entreprendre – Laurent Colléatte (deputy CEO); Camille Centelles (investment director).
Nord Capital Partenaires – Christophe Deldycke (director).

Advisers
Equity – HPML, Velin Valev, Elisabeth De Rinaldis (legal).
Company – Fiacre La Batie Hoffman & Associés, Bruno Fiacre (corporate finance).

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