NCI acquires Sopano majority stake

The firm is investing from RD4; the fund closed on €86m in January 2017 and can invest up to €10m per transaction to acquire both majority and minority stakes in French companies across the Normandy region with turnover above €4m. This is the final portfolio company for the fund, which has made 23 investments to date.

The company's management team is led by Laurent Charbonneau, who has reinvested in the business alongside NCI. The current shareholders have fully exited.

Following the transaction, Sopano will aim to diversify its customer base towards industrial clients.

Providing financing for the deal were Banque Populaire Du Nord, CIC Nord-Ouest, Caisse d'Epargne et de Prévoyance Normandie and Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine.

Company
Founded in 1963, the company is based in Saint-Pierre-lès-Elbeuf and specialises in the manufacture and distribution of adhesive labels and cashier rolls. The company generated turnover of €20m in 2020.

People
NCI Gestion – Hubert de Germay (associate director).

Advisers
Equity – Clairfield International, Olivier Le Grelle, Amaury de Cassan (M&A); Apollo, William Ternay, Beryl Puget (legal); ACA Nexia, Hervé Teran, François Mahé (financial due diligence); Selescope, Pierre Mage (management due diligence).
Management – Societex, Benoit Cauchard, Bernard Maussion, Elie Achddou (M&A); Deloitte, Bertrand Chaboussou, Stéphanie Raffin, Agathe Leclerc (financial due diligence); Gate Avocats, Me Julien Augais, Me Julien Loth (legal).

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• Topics
• Buyouts
• France
• Industrials
• France
• NCI Gestion
• Deloitte