Siparex, Carvest invest in Groupe Sipas

The investment by Siparex and Carvest comes as Sipas has agreed to acquire charcuterie producer Claviere. The group's capital has been restructured, with Sipas CEO Richard Paget securing a majority stake in the business. The two investors are believed to have deployed a joint €5.3m in Sipas.

The company's founding family will retain a stake in Sipas. BECM coordinated a debt package to finance the transaction, which also involved Crédit Agricole and BNP Paribas.

Company
Based in Avoudrey, Groupe Sipas produces charcuterie, with a specific focus on Morteau and Montbéliard sausages. The acquisition of Claviere will see Sipas sell its products to supermarkets under three brands: Jean-Louis Amiotte; Morteau Saucisse; and Claviere.

Sipas generated €42m in turnover in 2014, while Claviere reported sales of €19m.

People
Pierre Bordeaux-Montrieux and Nathanael Martin worked on the deal for Siparex. Carvest was represented by Denis Mervaille and Paul Lambert.

Advisers
Equity – Cabinet Ratheaux, Gaétan de la Bourdonnaye, Jean Joyet (Legal); Advance Capital, Olivier Poncin, Corentin Thévenon (Financial due diligence).
Company – Clairfield International, Jean-Noël Combasson, Fabien Lebon (Corporate finance); Cabinet Quadratur, Gilles Fresel, Harry Bouganim (Legal).

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• Topics
• France
• Buyouts
• Consumer
• France
• Siparex