LBO France acquires Vaglio

Ellie Pullen
13 May 2014

Tweet
Facebook
LinkedIn
Google plus
Send to

LBO France has acquired a 72.8% stake in Vaglio, the operator of a French limestone quarry.

The firm made the acquisition via its Hexagone III fund, which held its final close on €154m in 2010. The fund, which launched in April 2009 with a target of €180m, is now more than 70% invested over seven companies, according to LBO France.

In 2006, Jean-Marie Costa, Mathieu Gautier and James Scheider bought Vaglio from the eponymous founding family.

Company
Founded in 1900 and based near Metz, Vaglio operates a Jaumont limestone quarry in the Lorraine region of France. Jaumont is a type of yellow limestone.

The company extracts two types of limestone from its 150-hectare quarry, which are used for the construction of roads, the production of concrete and in civil engineering.

Vaglio employs 120 staff and recorded turnover of €19m last year.

People
James Scheider is the president of Vaglio. Arthur Bernardin, a director of the Hexagone fund at LBO France, and Jean Marie Leroy, a partner for the fund, worked on the deal.

Advisers
Equity – Jeant et Associés, Philippe Matignon, Pascal Georges, Jean-Guillaume Follorou, Hala Nehmé (Legal, tax); Red2Green, Arthur Wastyn, Aymar de Vaissière (Financial due diligence); LEK, Arthur Wastyn, Aymar de Vaissière (Commercial due diligence).
Management – Etude Antinori, Christophe Antinori (Legal).