
Bridgepoint buys Privatesportshop in SBO
Bridgepoint has bought a majority stake in France-based sports equipment retailer Privatesportshop, while management retains a minority stake.
The GP used Bridgepoint Development Capital III for the transaction, which held a final close on £600m in 2016. The vehicle typically invests £20-75m in companies with enterprise values between £30-125m.
Founders of the business, Guillaume Bertel and Benoit Durand, as well as a previous owner – private equity house Pechel Industries – have retained a minority stake in the business.
Pechel had acquired a majority stake in the business in 2016.
Bridgepoint intends to accelerate the company's international growth.
Company
Founded in 2011 and based in Montpellier, Privatesportshop sells sports-related products and services via its online platform. The business manages websites for the French, Italian, Spanish and UK markets. Privatesportshop is aiming to generate revenues of €90m in 2018 and employs 180 people.
People
Privatesportshop – Guillaume Bertel, Benoit Durand (founders).
Pechel Industries – Laurent Gueroult (managing director).
Bridgepoint – Olivier Nemsguern (partner).
Advisers
Equity – KPMG, Mathieu Wallich-Petit, Benjamin Patte (financial due diligence), Louis-Marie Bévillard, Ines Michel-Leitao (IT due diligence); LEK Consulting, Rémy Ossmann, Fadi Chebli, Benjamin Tuchman (commercial due diligence); DLA Piper, Xavier Norlain, Guillaume Bain (legal); Fanny Combourieu, Gwenaël Kropfinger (tax); PwC (legal; ESG due diligence); Vulcain, Thierry Falque-Pierrotin, Michael Schor, Amaury Cavé (M&A).
Company – 8Advisory, Christophe Delas, Maxime Goerens (corporate finance); McDermott Will & Emery, Grégoire Andrieux, Diana Hund (legal); Lincoln International, Ludovic Rodié, Amélie Aurel, Thibault Usson, Matthieu Rosset (M&A).
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