Idia, Carvest et al. back Groupe Mauffrey in SBO

Siparex, which has held a 10% stake since 2015, exited the capital while the Mauffrey family retain the majority stake.

Crédit Agricole Private Equity subsidiaries Idia Capital Investissement and Carvest, as well as Societe Generale Capital Partenaires and Sogecap Capital Developpement have invested in the business.

The GPs have provided an equity ticket of €50m, according to French publication Capital Finance.  

Idia Capital Investissement invested via its LCL Croissance fund, according to a statement.

Previous funding
Siparex invested in the company in 2015 via its Siparex Midcap 2 fund, which held a €130m final close in 2012. At the time of the investment, Unquote reported that the business was expecting to have generated €171m in 2014 and that it employed 1,620 people.

Company
Groupe Mauffrey, founded in 1964 and headquartered in Saint-Nabord, specialises in bulk road transport (solid, liquid and powder) and packaged goods. It operates mainly in the environmental, public works, agriculture, wood and specialised distribution sectors. The business has a headcount of 3,000 people and generated €450m revenues in 2018.

People
Groupe Mauffrey – Dominique Mauffrey (president); Emilie Mauffrey (director).

Advisers
Company – Degroof Petercam Finance (corporate finance); Gate Avocats (legal); PwC (financial due diligence).
Equity – Veil Jourde (legal); EY (financial due diligence); Sodica Corporate Finance (corporate finance); Lamartine Conseil (legal); Advance Capital (corporate finance).

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