Equistone re-invests in Compin

Fainsa is a Spanish manufacturer of train and coach seating. The acquisition will result in an enlarged group with €100m in revenues, 560 employees and four production sites in Europe.

BPI France invested via its Croissance Rail fund, a vehicle launched in early 2013 and targeting minority investments in the rail transportation industry.

Equistone (then Barclays Private Equity) purchased Compin from LBO France in a secondary buyout in 2009. LBO France had originally purchased the company in 2005, taking a 90% stake for €19.5m, while management retained a 10% stake in company.

Company
Founded in 1902, Compin manufactures seating equipment and interiors for trains and buses. The company generates sales of around €57m, while Spanish counterpart Fainsa reports a €32m turnover.

People
Guillaume Jacqueau and Grégoire Schlumberger worked on the deal for Equistone. BPI France was represented by Alexandre Ossola, Pierre Farin and Philippe Vuarchex.

Advisers
Equity – Hoche Avocats, Jean-Luc Blein, Quentin Fournier (Legal); Deloitte, Thierry Queyron, Rémi Barbagianni (Financial due diligence); Eight Advisory, Eric Demuyt, Christian Berling (Financial due diligence).
Company – King, Wood & Mallesons, Thomas Maîtrejean (Legal); Intlaw Abogados, Simone Guaglianone (Legal).

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

• Topics
• France
• Expansion
• Industrials
• France
• Equistone Partners Europe