Latour sells Nextpool to B&Capital-led consortium
French PE firm Latour Capital has sold its majority stake in French swimming pool equipment manufacturer Nextpool to a B&Capital-led consortium, comprising BNP Paribas Developpement, BPI France, Alliance Entreprendre and Garibaldi Participations.
The GP sold its stake six years after acquiring it via Latour Capital I in December 2014. Nextpool is its sixth exit from the vehicle.
French publication Capital Finance reported that founder Regis Roux also exited the company.
The report also said that Nextpool was looking at acquisition opportunities in Germany, Switzerland, Benelux and Austria. It expects to generate a €65m turnover this year, up 13% from 2019.
Company
Founded in 2005 and based in Le Mans, Nextpool is a B2B designer and manufacturer of swimming pool equipment. The company's products include swimming pool safety covers, swimming pool liners, water treatment products and sun protection equipment.
The company is expected to generate €65m in revenues in 2020, up 13% from 2019.
People
Nextpool - Nicolas Osanno (CEO).
Latour Capital - Philippe Léoni (partner).
Advisers
Vendor - Amala Partners (M&A); Natixis Partners (M&A); Lamy Lexel (legal, tax, social due diligence); Walter Billet Avocats (legal); Eight Advisory (financial due diligence); Roland Berger (commercial due diligence).
Equity - Yris Corporate Finance (M&A); D'Ornano + Co (financial due diligence); CMI (commercial due diligence). Sirsa (ESG due diligence); Oloryn Partners (M&A).
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