Nord Capital and Turenne back Kap Verre MBI

Nord Capital led the private equity consortium, investing via the SCR Nord Capital Investissement and FIP Nord Cap 1 vehicles. Turenne Capital invested through the Turenne Investissement - which provided €760,000 - and FIP Hexagone Croissance 3 vehicles.

Société Générale, Crédit Agricole Nord de France and CIC Nord Ouest backed the MBI with a debt package.

Thierry Gauthier, the new CEO, will hold a majority stake in the business. Co-founders Michel Kap et Frédéric Lemeunier will still hold shares in Kap Verre following the sale.

The company will aim to extend its reach from its existing base on the North coast of France, with a view to be present in the whole northern half of the country.

Company
Established in 1996, Kap Verre specialises in a variety of glass products used in the construction industry, notably windows - both from a production and installation standpoint. The group operates seven production sites in the North of France and posted a €12.5m turnover in 2011.

People
Christophe Deldycke and Romain Rastel led the deal for Nord Capital Partenaires. Alliance Entreprendre was represented by Laurent Colleatte and Camille Chosseler.

Advisers
Equity - Acea Conseil, Christophe Segard, Olivier Dierickx, Nicolas Delplace (Financial due diligence); Carlara, Charles Delavenne, Jérôme Wallaert (Legal).
Vendors - Intuitu Clairfield International, Bertrand Hermez, Marie Dokchine (Corporate finance); Lamartine, Isabelle Horvilleur-Bars, Audrey Troch (Legal).

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