PE-backed Briconord bolts on Mac Lean

The combined businesses are expected to generate a €30m turnover, according to a statement by Groupe Crédit Agricole. This external growth operation will enable the Briconord group to strengthen its presence in Belgium and penetrate the Dutch market, while diversifying its products offering.

Mac Lean was previously owned by managing director Arie Schouten and Selit, a German family-owned supplier of underlay products for the laminate, parquet and vinyl flooring segments.

Amundi Private Equity and Societe Generale Capital Partenaires acquired an 84% stake in Briconord from investment company Evolem in 2015. The GPs invested alongside management, and Christian Guillou was appointed as the new CEO of the company as a result of the takeover. Senior debt for the transaction was provided by LCL.

Founded in 1950 and based in Angoulême, Briconord is a manufacturer of wooden, aluminum and plastic construction products.

Company
Founded in 1946 and located in Moerdijk, Mac Lean is a manufacturer and supplier for the DIY sector, parquet trade, home furnishing and wood and building materials trade in Europe and North America. French News portal Capital Finance reported that the company's revenues amount to €10m.

People
Amundi Private Equity – Claire Chabrier (managing director).
Societe Generale Capital Partenaires – David Cognasse (investment director).
Briconord – Christian Guillou (CEO).

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• Amundi Private Equity