EdRip backs Groupe Gris

The firm backed the company via its Cabestan Capital fund, a €112m small-cap venture capital vehicle that held a final close in November 2011 above its €100m target.

EdRip and ILP acquired minority stakes in the business.

The French division of Groupe Gris, Gris Découpage, has already been backed by ILP in the past. ILP invested in the company in May 2004, according to unquote" data, supplying €4.6m alongside SNVB Participations, which provided €1.84m in debt facilities for the deal.

Company
Founded in 1984 and headquartered in Pont-à-Mousson, Gris operates three sites: two in Lorraine under Gris Découpage and one in Germany under Gris Umformtechnik. The company opened its German division in 2012.

Gris manufactures split lock washers and mechanical components for the automotive, railway, construction and agricultural machinery industries.

The company, which employs 170 staff, recorded turnover of €36.3m in 2013 and expects to experience a growth rate of around 7% in 2014. Clients have included Renault-Nissan, General Motors, BMW, the Volkswagen Group and Volvo.

People
Francis Gris is the president and founder of Groupe Gris, while his daughter Céline Gris is the company's CEO. EdRip director Romain Ohayon worked on the deal alongside associate Sabrina Bazire and associate director Alexandre Foulon. Director Philippe Dubosc managed the transaction for ILP.

Advisers
Equity – Chammas & Marcheteau, Denis Marcheteau, Antonin Cubertafond, Jean-François Tourneur (Legal); Mazars, Pierre Tchertoff, Robin Lesage (Financial due diligence, tax).
Company – Cabinet Elide, Pierre Couturier (Legal); EY Strasbourg, Cécile Puijalon-Radu, Nadja Seuwen (Legal); Advention Business Partners, Alban Neveux, Marion Duchein (Strategic due diligence).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• France
• Expansion
• Industrials
• France
• Andera Partners
• Institut Lorrain de Participation (ILP)