NiXEN's Babeau Seguin makes first bolt-on

The owner NiXEN reinvested to fund this latest transaction alongside management and other historical backers. A "cautious" financial package was also put in place.

NiXEN acquired a majority stake of slightly more than 50% in Babeau Seguin from a consortium of private equity shareholders in November 2011. The deal was valued in the €50-100m range. Existing shareholders Siparex, CM-CIC, Carvest and Somfy Participations reinvested, as did Babeau Seguin's founder and chief executive Bruno Babeau. Pechel and Avenir Entreprises also joined NiXEN as investors in the new structure.

Company
Established in 1982, the Babeau Seguin group is a builder of individual homes. It employs 250 staff across 50 agencies, operates in 10 French regions and generates annual sales of around 1,500 houses from a €100m turnover.

Vichy-based Maisons et Jardins has a complementary profile and sells around 100 houses per year. The combined group will have a €115m turnover.

People
Pierre Rispoli, Johann Le Duigou and Frédéric Mimoun led the deal for NiXEN.

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