Ouest Croissance et al. in €16m MBO for ING's Roller Grill

Speaking to unquote", a source close to the situation revealed the deal featured debt as well as equity from Ouest and Arkéa. Having provided €4m of the total €16m, the former is a new investor for Roller Grill, while Arkéa is an existing shareholder, having backed previous capital reshuffles for the business.

The two investors secured a combined minority stake in Roller Grill. Meanwhile, Jean-Pierre Ageorges, the company's CEO since 1984, invested to become a majority shareholder.

The deal saw previous backer ING Belgique exit its stake, a move that comes as part of a strategy by the Belgian bank to refocus on its domestic operations, unquote" understands. 

Having reportedly boosted exports over the last few years, Roller Grill will look to strengthen operations abroad via hires within its R&D and sales teams.

The MBO is the second to be supported by Ouest Croissance in France in the space of a week. On 4 November, the firm announced it had invested in the MBO of Yvrac-headquartered professional kitchen business Creat Services by managers Bernard Bak and Arnaud Marie.

Company
Founded in 1947, Roller Grill manufactures professional catering equipment such as toasters, ovens, fryers, display windows and electric grills. Headquartered in Bonneval, where its two production sites are located, the company sells its products via a network of 200 distributors worldwide. Employing a workforce of 145, the business reportedly generates 70% of its sales abroad.

People
Deputy managing director Yves Turpault led the deal for Arkea, while Ouest Croissance was represented by CEO Henri Guillermit and investment director Damien Jouanneau. Jean-Pierre Ageorges is CEO at Roller Grill.

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