Capital Croissance backs Seguin

The GP acquired a minority stake for around €15-20m, while CEO Aymeric de Galembert retained a majority stake in the group, a source close to the situation confirmed to Unquote. The deal is valued at more than €50m, Unquote understands.  

The investment in Seguin is the first transaction for Capital Croissance's K2 Business Club fund, which closed on €200m in Q2 2019. The fund provides equity tickets in the €15-50m range, acquiring both minority and majority stakes. The vehicle has a lengthy investment period of around 13-15 years.

Company
Founded in 1976, Seguin manufactures wood-burning heating appliances, including chimneys, wood-burning stoves, pellet stoves, fireplaces and gas stoves. The business generates a turnover of €60-70m, Capital Finance reported.

The company is headquartered in Lherat and employs 130 people. 

People
Capital Croissance – Eric Neuplanche (president-founder).
Seguin – Aymeric de Galembert (CEO).

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