CM-CIC injects €10m into Compte.R buyout

CM-CIC deployed €10m to finance the buyout and secure the largest stake. In addition to BPI France's contribution, the buyout was also financed by a debt package supplied by Crédit Agricole Centre France, Banque Populaire Massif Central and CIC Lyonnaise de Banque.

The deal will allow the founding family to exit the business, while Compte.R president Dominique Compte and his brother Eric will reinvest in the holding.

The company is aiming to keep developing its activities both in France and abroad, and will also invest further in offering new solutions to its clients.

Company
Established in 1887, Compte.R designs and sells biomass-powered boilers, targeting industrial clients and local authorities. It operates three sites in France and is also present in Poland, Belarus, Canada and Spain.

Compte.R employs 400 staff and is aiming to generate €55m in turnover for 2015.

People
Jean-­Christophe Vuillot and Olivier Mironneau led the deal for CM-CIC. BPI France was represented by Isabelle Galamand and Denis Talaron.

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• Topics
• France
• Buyouts
• Industrials
• France
• Credit Mutuel Equity (ex CM-CIC Investissement)