Altur Investissement et al. back Babyzen in OBO

Existing investor Capital Croissance increased its stake in the business while Altur Investissement and state-owned investment group BPI France Investissement joined as investors.

Babyzen is still controlled by the founding family and the management team.

The transaction was supported by a debt arrangement provided by Crédit Agricole Alpes Provence and Crédit du Nord.

Previous funding
Capital Croissance acquired a substantial minority stake in Babyzen through an owner buyout transaction in 2016. 

The deal saw existing investor Turenne Capital sell a large part of its 17% stake, while Calao Finance exited the capital, according to Unquote sister publication Mergermarket.

CEO Julien Chaudeurge, who founded the business with his father Jean-Michel, retained the majority stake in Babyzen. At the time, Babyzen posted a €40m turnover, of which 85% was generated abroad, Mergermarket reported. 

Company
Founded in 2009 by Julien Chaudeurge and his father Jean-Michel Chaudeurge, Babyzen is a high-end stroller manufacturer and retailer. Its commercial activities kicked off in 2012 with the sale of Yoyo, a stroller that can be easily folded and is accepted as cabin luggage on flights.

Based in Aix-en-Provence, the business has a facility in Hong Kong, from which it manages production and the distribution of the product in Asia and the Americas.

The business generates revenues in excess of €50m.

People
Babyzen – Julien Chaudeurge (CEO).
Capital Croissance – Eric Neuplanche, Julie Masson (partners).
Altur Investissement – François Lombard (partner).

Advisers
Company – Chammas & Marcheteau (legal); Advance Capital (corporate finance); Exelmans (financial due diligence).

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• Topics
• Buyouts
• France
• Consumer
• France
• BPI France
• Capital Croissance