Advent-backed IPH acquires Outilacier

According to media reports, Outilacier is controlled by investment fund Dzeta Conseil (60%) and CEO Pierre-Yves Levy (40%).

Canaccord Genuity and McDermott Will & Emery served as advisers to the vendors, the reports said.

Advent International acquired IPH from PAI Partners in May 2017. Following the deal, Advent merged the business with Brammer, a UK provider of industrial components that Advent took private following a £221m bid in November 2016.

PAI acquired IPH from Investcorp in December 2012 for an estimated €465m. Ardian arranged a €220m unitranche debt facility to support the transaction.

Company
Established in 1946 and headquartered in Vaulx-en-Velin, Outilacier is a French distributor of construction and industrial tools. The company generated a turnover of €30.4m in 2017 and employs a staff of 30.

Headquartered in Paris and founded in 1987 as Orefi, IPH is a distributor of industrial supplies to businesses across a range of sectors including heavy industry, chemicals, pharmaceuticals, food processing, energy, transport, automotive, petrochemicals and mechanical engineering.

People
Advent International – Shonnel Malani (managing director).
PAI Partners – Nicolas Holzman (partner).
IPH – Pierre Pouletty (chairperson, CEO).

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