Capzanine to sell Pierre Guérin to trade

Capzanine re-invested in Pierre Guerin in 2017 acquiring a 23% minority stake via the Capzanine 3 fund, which closed on €350m in 2017. The GP previously backed the management buyout of the business back in 2006, enabling IK to exit the group and then divested Pierre Guérin back to management in 2012. 

Unquote reported in 2017 that the business generated revenues of €74m, against €49m when Capzanine first exited the business in 2012.

A subsidiary of the Engie group, Endel Engie is an industrial maintenance and energy service. It intends to accelerate its transformation and consolidate its activities in two strategic industrial sectors: food & beverage and life sciences.

Company
Based in Niort, Pierre Guérin is a supplier of stainless steel equipment and process lines (engineering, procurement and construction) for the food & beverage and life sciences industries (pharmaceuticals and biotechnology). In recent years the group has grown strongly in Asia (mainly China and Korea) and employs 400 people. In 2018 the group generated sales of €80m.

Over the past two years, Pierre Guérin has strengthened its management team, opened subsidiaries in China and Germany, and built a new plant in Spain.

People
Pierre Guérin Group - Jean-Christophe Pietri (president).
Capzanine - Christophe Karvelis-Senn (president).  

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