
Initiative & Finance invests in Proferm
Initiative & Finance has bought a minority stake in France-based carpentry specialist Proferm Multitechniques, while CEO and founder Vincent Dejonghe has retained the remainder.
The GP typically invests between €2-15m in French companies.
Senior debt for the transaction was provided by Banque Populaire du Nord and Crédit Agricole Nord de France.
Initiative & Finance's backing will allow the business to support its build-up growth.
Company
Founded in 2006 and based in Douvrin, Proferm Multitechniques is a carpentry business manufacturing windows and doors built with a focus on thermal and acoustic insulation, safety, ergonomics and design. The business generated a €23m turnover in 2017 and employs 90 people.
People
Proferm Multitechniques – Vincent Dejonghe (CEO, founder).
Initiative & Finance – Philippe dilasser (investment director).
Advisers
Equity – Lamartine Conseil, Olivier Renault, Aude Marcheux, Emma Thibaud, Stéphane Buffa, Emilie Renaud (legal, financial due diligence, ESG due diligence); Oderis Consulting, Thomas Claverie, Quentin Gautier (corporate finance); Verspieren, Sophie Levron-Legentil (insurance due diligence); Apave (ESG due diligence).
Company – Banque Populaire du Nord, Marcel Bauden, Sylvain Leclercq (corporate finance); In Extenso, Philippe Théry (legal).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater