Fondations Capital buys Mazarine from LBO France

Vendis Capital and Mazarine's management took a stake in the buyout alongside Fondations. LBO France and 123Venture had previously acquired the business in 2008.

This is the fifth investment from Fondations' maiden fund, which closed in 2008 on around €300m and usually invests €20-50m per transaction. The GP most recently acquired musical instruments maker Buffet Crampon from Argos Soditic in February last year.

BNP Paribas, LCL, CIC and Société Générale reportedly provided a senior debt package to finance the Mazarine acquisition. CIC Mezzanine and IFE Mezzanine are understood to have provided junior debt.

Company
Founded in 1992, Mazarine is a communication agency dedicated to luxury and premium brands, with revenues of around €80m and 240 employees. Its client portfolio includes brands such as Cartier, Chanel, Louis Vuitton and Moët & Chandon.

People
Xavier Marin led the deal for Fondations. Paul-Emmanuel Reiffers is the president and founder of Mazarine.

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