Ixo PE et al. back Groupe RYB

The €16.5m acquisition was financed by equity from Ixo and BPI France in equal shares.

Meanwhile, Siparex used its Fonds Régional d'Investissement Rhône-Alpes (FRI) vehicle to finance the transaction. The fund typically provides equity tickets of €100,000-1m, according to Unquote Data. 

The financing was complemented by a banking pool led by LCL, which also refinanced RYB's existing debt.

Polypipe, headquartered in Doncaster, is a manufacturer of piping, plumbing and drainage, water management, underfloor heating and energy-efficient ventilation systems. Its former French division, now under ownership of RYB, operates plants in Castres, Seppois and Aubagne.

Company
Founded in 1962 and based in Saint-Etienne-de-Saint-Geoirs, the RYB group manufactures and distributes polyethylene pipes for gas, water, electricity and telecoms networks.

With the acquisition of Polypipe France, the group will consist of seven plants in France and Belgium, with around 400 employees. It is expected to generate a turnover of approximately €110m in total. RYB distributes its products to around 15 countries globally.

People
Groupe RYB – Marc-Antoine Blin (CEO).
BPI France – Benoit Zilber (investment director).

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• Topics
• Expansion
• France
• Industrials
• Siparex
• iXO Private Equity
• France
• BPI France