Omnes invests €9m in Cogepart OBO

The deal marks the maiden investment for mid-cap fund Omnes Croissance 4, the firm's newest vehicle with a target of €180m. The fund, which invests exclusively in French SMEs, has already held a first close on €82m.

French firm Finadvance co-invested in the company alongside Omnes. CIC, Arkéa Banque E&I and HSBC provided a debt facility for the deal.

Company
Founded in 1986 and headquartered in Marseille, Cogepart is a provider of express shipping and delivery services for the business and retail industries.

The company specialises in three areas: the delivery of automotive spare parts for customers such as Peugeot, Citroën and Renault; the delivery and assembly of household products for Ikea, Fnac and Leroy Merlin; and home shopping delivery for Monoprix, Carrefour and evianchezvous.fr.

The company employs 750 staff and generated €37.5m in turnover last year. It claims to have around 1,000 customers.

People
Jérôme Dor is the chairman and founder of Cogepart. Benjamin Arm, the head of buyout and growth capital; Philippe Zurawski, a partner for the mid-cap buyout and growth capital team; and Rémy Deloffre, an associate for the mid-cap buyout and growth capital team, worked on the deal for Omnes.

Finadvance founding partner Hervé Legoupil also worked on the deal.

Advisers
Equity – Gide Loyrette Nouel, Anne Tolila, Paul Jourdan-Nayrac (Legal); KPMG, Axel Rebaudières, Mohamed Macaigne (Financial due diligence); Neovian Partners, Giovanni Di Francesco, Sandrine Maison (Commercial due diligence); Lexton, Evelyne Crantelle, Emmanuelle-Anne Leroy (Legal); ExFi Partners, Emmanuel Parmentier (ESG due diligence).
Vendor – Clairfield International, Emmanuel Xerri (Corporate finance); Axten, Loïc-Emmanuel Pellegrino, Magali Floris-Drujon d'Astros (Legal).

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