Capitem Partenaires backs Gaeau MBO

The buyout sees managing director David Lesecq acquire a majority stake. Gaeau was previously controlled by founder Gilles Dutoit, who is retiring.

The deal represents the seventh investment for the Capitem 2 fund, which closed around a year ago on €40m. The vehicle invests equity tickets of €1-5m in companies with revenues of more than €5m.

Senior debt for the transaction was provided by Crédit Mutuel Maine Anjou Basse-Normandie and CIC, according to the French publication Capital Finance.

Company
Created in 1991 and located in Marigny-Le-Lozon, Gaeau designs, manufactures and distributes a range of engineering products designed to protect the environment in the water business. The group employs 130 people and generates a turnover of €24m.

People
Gaeau Group – David Lesecq (managing director).

Advisers
Equity – Préel Thorel Besnier Genuyt & Associés, Jean-Pascal Thorel, Morgane Marc (financial due diligence); Chammas & Marcheteau, Romain Penloup (legal); Arsene, Frédéric Teper (tax).

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