Chevrillon & Associés buys DCW Editions
Chevrillon & Associés has bought a majority stake in DCW Editions, a French manufacturer of lighting and furniture, investing alongside management.
Chevrillon, a family investment holding, typically acquires majority stakes, providing equity tickets in the €5-75m range for businesses valued between €200-250m.
Management will retain a minority stake in the business. Co-founder Philippe Cazer has sold his stake, while the other co-founder Frederic Winkler has only partially exited the business.
Chevrillon recently exited French insurance company Albingia to Eurazeo.
Company
Founded in 2008, DCW is a manufacturer and seller of lighting and furniture. Some of the company's products are modelled on vintage lighting and furniture, such as the 1920s Gras lamp.
Based in Paris, DCW generates revenues of around €10-20m, Unquote understands.
People
Chevrillon & Associés – François de Guitaut (partner, investment director); Charles Best, Valentin Cassan (investment managers).
DCW Editions – Philippe Cazer, Frederic Winkler (co-founders).
Advisers
Equity – Oderis Consulting, Aurlien Vion, Charles Dupuis (M&A); Volt & Associés, Lucas d'Orgeval, Stéphane Letranchant, François-Joseph Brix (legal).
Company – Natixis Partners, Manuel Lasry, Pierre Ruaud, Alexandre Amirault (corporate finance); VGG Associés, Frédéric Grillier, Thibault Schulthess (legal).
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