Omnes backs Heidrich MBI

Omnes backed the company via its LCL Expansion 2 fund, a €40m FCPR vehicle the firm launched earlier this year. The deal marks the fund's third investment.

Sabaté acquired a majority stake in the business. Omnes and Sabaté bought their stakes from Heidrich's founding manager Francis Heidrich, who owned the business's entire share capital and is wholly exiting the company.

Omnes will support the company's plans to expand across the entire Alsace region. Heidrich is already planning on opening a new showroom in Strasbourg.

Debt
A debt package for the transaction has been arranged by LCL and provided by LCL, Caisse d'Epargne et de Prévoyance d'Alsace, Banque Populaire d'Alsace and BPI France.

Company
Headquartered in Sélestat and founded in the early 1990s, Heidrich is a retailer of external joinery such as doors, windows, shutters and garage doors. It also offers fitting services and claims to handle 1,500 projects per year.

Heidrich offers made-to-measure products, which it sells directly to consumers in the Alsace region. The company currently operates two retail outlets located in Sélestat and Lutterbach. It generated revenues of €11.2m in 2013.

People
François Sabaté is the new chairman of Heidrich. François Lory and Bertrand Dupray – a director and associate on Omnes' small-cap buyout and growth capital team respectively – worked on the deal.

Advisers
Equity – DKIS, Djamel Seoudi, Amélie Dupin de Saint Cyr (Legal); ACA Nexia, Fabrice Huglin (Financial due diligence);
Management – Wagram Conseil, Olivier Larrat (Corporate finance); Lealta, Olivier Toury, Anne-Marie Carvalho (Legal, tax).

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• Topics
• Buyouts
• France
• Consumer
• Omnes Capital
• France