Capital Croissance backs Idealwine

Following the deal, founders and managers Cyrille Jomand, Angélique de Lencquesaing and Lionel Cuenca will retain their majority stake in the company. Previous backer LM Holding, which had invested in the company in 2014, has exited its investment.

A debt package to support the deal was provided by BNP Paribas, Caisse d'Epargne Ile-de-France and BRED.

With the GP's support, the company intends to further strengthen its market position in France and boost its international expansion, primarily in China and the US.

Capital Croissance typically invests tickets of €5-50m in mid-market companies generating revenues of up to €250m.

Company
Established in 2000, Idealwine offers a digital marketplace for the sale and auction of wines, including organic, natural and biodynamic varieties.

The company also offers monthly market reports, real-time cellar valuation tools, wine lists, wine indexes and annual auction barometers.

Idealwine is headquartered in Paris, with additional offices in London and Hong Kong. Employing 50 staff, it serves a community of 650,000 users across 120 countries.

The business generated revenues of around €33m in 2020, 15% up on 2019, according to press reports.

People
Idealwine – Angélique de Lencquesaing, Lionel Cuenca (co-founders); Cyrille Jomand (co-founder, president).
Capital Croissance – Julie Masson, Cédric Boxberger (partners).

Advisers
Equity – Thémis Conseil (legal); Oderis (financial due diligence); Advancy (commercial due diligence).
Company – Aurignac Finance (M&A); 8Advisory (financial due diligence); Bignon Lebray (legal); Julien-Jeulin & Associés (legal).

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• Topics
• Expansion
• France
• Consumer
• Capital Croissance
• France