Paluel-Marmont buys minority stake in Snetor

Francesca Veronesi
09 October 2018

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Paluel-Marmont Capital and French family office Sofival have acquired a minority stake in France-based Snetor, a chemicals merchant and distributor, investing alongside management.

Company president Emmanuel Aubourg and his family have retained a majority stake in the business.

The growth transaction will allow Snetor to pursue a buy-and-build strategy as well as support organic growth.

Family office Sofival invests in a range of sectors, including tourism, real estate and renewable energy. It posted revenues of €154m in 2017, according to its website.

Paluel-Marmont recently acquired a minority stake in communication network installer Sogetrel, alongside Latour Capital and BNP Paribas Development.

Company
Founded in 1981 and based in Courbevoie, Snetor specialises in the production of plastic raw materials (polyethylene, polyethylene terephthalate, polypropylene, polystyrene, etc) and chemicals. The business recorded a €966m turnover in 2017 and has a headcount of 150 people.

The Snetor group operates in 100 countries, with facilities in Europe, North America, Latin America and Africa. In the summer, Snetor acquired a 50% stake in its Brazilian counterpart, Eixo Brasil.

People
Snetor – Emmanuel Aubourg (CEO).
Sofival – Jean-François Blas (president).
Paluel-Marmont Capital – François Poupée (president); Thomas Geneton (managing director).

Advisers
Equity – Deloitte, Philippe Serzec, Marie-Victoire Loison (financial due diligence); Stéphanie Chatelon, Eric Guillemet, Laurent Schwab (tax, legal), DistriConsult, Günther Eberhard (commercial due diligence).
Company – Bolze Associes, Eric Bolze (legal).