Geneo backs Pinette Emidecau Industries SBO

The management team, led by Jerome Hubert, retain a majority stake in the company, while previous owners Emertec Gestion and Generation Entrepreneurs Investisseurs (GEI) sold a part of their stake. The latter investors previously backed the business in 2016.

PEI is planning to pursue a buy-and-build strategy both in Europe and the US. It is also aiming to increase its turnover to €50m by 2023.

Geneo, a French GP founded in 2018, invests in companies generating a €10-200m turnover and posting a minimum of €1m EBITDA. The PE firm provides equity tickets of €1-15m.

Company
Pinette is an industrial engineering group that designs and supplies forming and testing equipment, automated production lines, customised machines and turnkey plants for the industrial groups operating in the aerospace, automotive and energy sectors. PEI recorded €28m turnover in 2018.

The business has origins dating back to 1863 and is based in Chalon sur Saône.

People
Pinette Emidecau Industries – Jérôme Hubert (president).
Geneo Capital – François Rivolier (co-founder); Laurent Bocahut (partner).
Generation Entrepreneurs Investisseurs – Frédéric Dubuisson (partner, co-founder).

Advisers
Company – Canaccord Genuity (corporate finance); Lamartine Conseil (legal); Grant Thornton (corporate finance).
Equity – Next Financial Advisors (corporate finance); Duteil Avocats (legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• Exits
• France
• Industrials
• France
• Secondary buyout