Gimv buys Groupe Claire in SBO

The investment generated a money multiple for I&F of around 4x, Unquote understands.

The GP has invested alongside the management team. The "sustainable cities" team of Gimv, which invests in companies operating in urban sustainability and infrastructure projects, was responsible for the transaction.

I&F acquired its majority stake in Froupe Claire in 2012, when it was called Claire-Sainte-Lizaigne. Under I&F's ownership, the business bolted on six companies and expanded in Germany. The Industrie & Finance Investissements 2 vehicle, launched in 2005, was used for the transaction at the time. 

Gimv intends to support the company's organic growth and international expansion.  

Company
With roots dating back to 1900, Groupe Claire provides products for drinking water distribution, and designs and manufactures programmable valves. It serves, among others, water distribution companies and firms operating in public works.

Headquartered in Sainte-Lizaigne, the business employs 190 people and generates annual revenues of €50m.

People
Industries & Finances – Sophie Pourquery (managing partner).
Groupe Claire – Damien Verhée (CEO).
Gimv – Nicolas de Saint Laon (partner); Maxence Kasper (principal).

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• Bee Up Capital (formerly Industries & Finances Partenaires)
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